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Business Economy


India’s economy will recover following containment, hopes Rajiv Kumar

India’s economy will recover following containment,  hopes Rajiv Kumar

New Delhi, Jun 30 (UNI) NITI Aayog Vice-Chairman Rajiv Kumar on Tuesday said he was confident that India’s economy will recover following the containment of the Covid-19 pandemic.

'India’s strong democratic institutions promote policy stability. Ongoing economic reforms, if executed well, should keep the country's growth rate ahead of peers,' he said.

NITI Aayog and Rocky Mountain Institute (RMI) released a report 'Towards a Clean Energy Economy: Post-Covid-19 Opportunities for India’s Energy and Mobility Sectors' , which advocates for stimulus and recovery efforts that work towards building a clean, resilient, and least-cost energy future for India.

These efforts include electric vehicle, energy storage, and renewable energy programs.

NITI Aayog CEO Amitabh Kant said clean energy will be a major driver of India’s economic recovery and international competitiveness.

'We must look at how to leverage our domestic innovation ecosystem to bring value to the country and industry in this new normal. We have recommended specific actions by which India can revive two of our economic powerhouses—the transport and power sectors—and emerge stronger.'

The report identifies how Covid-19 is beginning to influence the clean energy transition in India, specifically for the transport and power sectors, and recommends principles and strategic opportunities for the country’s leaders to drive economic recovery and maintain momentum towards a clean energy economy.

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Gas Economy may remain a pipedream for India in near future

Gas Economy may remain a pipedream for India in near future

04 Jul 2020 | 9:13 PM

New Delhi, Jul 4 (UNI) The much-vaunted Gas Economy drive propelled by the NDA Government, in pursuit of a cleaner and cheaper fuel is likely to be stumbled, at least in the short and medium terms due to the price shock that has forced major global suppliers to shut-in many of their projects and put planned investments on hold.

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Gas Economy may remain pipedream for India in near future

Gas Economy may remain pipedream for India in near future

04 Jul 2020 | 7:41 PM

New Delhi, Jul 4 (UNI) The much vaunted Gas Economy drive propelled by the NDA
Government, in pursuit of a cleaner and cheaper fuel is likely to be stumbled, at least
in the short and medium terms due to the price shock that has forced major global
suppliers to shut-in many of their projects and put planned investments on hold.

see more..

Delhi-based start-up provides free disinfection services to emergency COVID-19 care center

04 Jul 2020 | 7:30 PM

New Delhi, Jul 4 (UNI) As a social gesture, Delhi-based start-up GermCops has provided free disinfection services to Emergency COVID-19 care center in the National Capital, duly managed by the NGO called 'Doctors for you'.

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Okaya bags contract from Maharatna PSU

Okaya bags contract from Maharatna PSU

04 Jul 2020 | 6:48 PM

New Delhi, Jul 4 (UNI) Okaya, a flagship company of Okaya Power Group has announced to have bagged a major contract from Power Grid Corporation of India Limited (PGCIL), a Maharatna PSU of Government of India.

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mjunction conducts maiden eauction for UP State Industrial Development Authority plots

mjunction conducts maiden eauction for UP State Industrial Development Authority plots

04 Jul 2020 | 2:52 PM

Kolkata, Jul 04 (UNI) In a continuation of its relationship with the Uttar Pradesh government, mjunction services limited, India’s largest B2B e-commerce company, has recently concluded e-auction events for nine industrial and commercial plots for the Uttar Pradesh State Industrial Development Authority (UPSIDA), a state government undertaking.

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