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Showing posts with the label elctricity

PMJDY deposit on rise, crosses Rs 42,000-crore mark

deposits under this flagship financial inclusion scheme have crossed Rs 42,000 crore-mark and the percentage of zero-balance accounts has fallen below 25 per cent. Since April, there has been an addition of about Rs 6,000 crore under the Prime Minister Jan Dhan Yojana (PMJDY). As many as 24.27 crore accounts have been opened under the scheme and the percentage of zero balance has come down to 24.43 per cent. "No target has been set for reduction of zero balance account, instead strategy is that these accounts are ready for DBT purpose and ensure that there are banking trails for various transactions Source:- PMJDY deposit on rise, crosses Rs 42,000-crore mark: Officials - The Economic Times

India on path of becoming pivot for hi-tech manufacturing: UN

India is on the path of becoming a "pivot" for high-tech world manufacturing even as global manufacturing growth is expected to remain low in 2016 due to weakened financial support for productive activities, a new UN report said. The quarterly 'World Manufacturing Production report', published by the UN Industrial Development Organisation (UNIDO) said world manufacturing output is expected to increase by only 2.8 per cent in 2016. However, in contrast to recent years, there will be no breakout from the low-growth trap in 2016. According to the latest GDP data released in India, the manufacturing sector grew 9.1 per cent during April-June 2016, a slight decline from the 9.3 per cent clocked in January to March. Source:- India on path of becoming pivot for hi-tech manufacturing: UN - Times of India

Domestic tourism expected to attract Rs 50,000 crore investment

India’s image as a tourist destination has improved considerably, Country has witnessed upto 40 percent growth in tourist footfall from countries which have been visited by Prime Minister Narendra Modi during his last two years in office. 144 investors from 70 companies have already confirmed their participation in the first-of-its-kind mega tourism summit — Incredible India Tourism Investors Summit — to be inaugurated by Finance Minister Arun Jaitley on September 21. Around 600 projects would be showcased during the summit. We expect to attract Rs 50,000 crore investment, 144 investors have already confirmed their participation in the event,” Sharma said. Source:- Domestic tourism expected to attract Rs 50,000 crore investment

Centre announces financial package for Andhra Pradesh

Industrial Corridors About Rs 22,000 crore will be granted for industrial corridor to the state in the next two or three years. Irrigation Centre to bear 100% cost of Polavaram project 16000 crore around Creation of new capital of State An amount of Rs .2,500 crore has already been paid as support for creation of new capital of State of Andhra Pradesh and a balance of Rs.1,000 crore would be paid in due course. Package for backward areas An amount of Rs.1,050 crore has been disbursed as special package for backward areas and a further amount of Rs.1,050 crore would be paid in the coming years. Education A Petroleum University has already been established. The IIT has already been functioning from a transit campus and the main campus is being constructed. The National Institute of Technology has already been functioning since September 2015 in a temporary campus and its main campus is being constructed. The Indian Institute of Information Technology, Kurnool has alrea...

LED bulb saving 8000 crore per year

Source:- Led bulbs are reducing your electricity bills by more than rs. 8,000 cr every year #transformingindia

India Jumps 16 Spots In Global Competitiveness For Second Year In A Row

India has climbed 16 places to the 39th rank on the global competitiveness index prepared by the World Economic Forum, in a big boost to Prime Minister Narendra Modi government's reform initiatives. The World Economic Forum's global competitiveness index assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity. The jump of 16 places for India from last year's 55th place is the highest for any economy this year. India is also the second-most competitive among BRICS nations behind neighbouring China, which is ranked at the 28th position. This is the second year in a row India's ranking has jumped 16 spots in the index. For the eighth straight time, the list is topped by Switzerland as the most competitive economy. Singapore and the US are at the second and third positions, respectively. On the index, India has a score of 4.52 while that of Switzerland is 5.81. At the fourth spot is Netherland...