Indian Economy: News and Discussion

Rassil Krishnan

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Industrial robots will be the next phase of area of interest , various institution are doing small works , ai is getting some traction , after about 2025 wgen these pli schemes will bear some fruits in some sectors we could turn some focus to that area , we can't just jump a stair we may fall , and this fall can't be afforded this is our last chance to industrialize
I AM ALSO STUDYING AI AND ML COURSES RIGHT NOW FOR UPSKILLING IN MY INDUSTRY.
 

Coalmine

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sorcerer

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India-EU connectivity plan to take off with BIMSTEC members
India and the European Union plan to support regional connectivity, beginning with the member states of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). This was decided as part of their Connectivity Partnership initiative for third countries, announced at Saturday's Summit.

The India-EU Summit has decided to seek synergies and complementarities between their cooperation on connectivity with third countries and regions, including Africa, Central Asia and the Indo-Pacific, and BIMSTEC has been identified as one of the geographical zones to focus on.

 

sorcerer

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India's sugar exports on good course; contracts over 50 lakh tonnes so far
India's sugar exports are on a "good course" this year as traders have contracted over 50 lakh tonnes of the sweetener so far, Food Secretary Sudhanshu Pandey said on Monday.

The government has fixed a mandatory export target of 60 lakh tonnes of surplus sugar for the ongoing 2020-21 season (October-September). This export policy was, however, approved only in January.

During the 2019-20 season, India, the world's second-largest sugar-producing nation after Brazil, had shipped 59 lakh tonne of the sweetener.

"Over 50 lakh tonnes of sugar has already been contracted and exports are on a good course," Pandey said in a virtual press conference.


 

sorcerer

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Rs 49,965 crore transferred directly into farmers’ account across India (DBT)

18.3 Crore portability transactions under ONORC(One Nation One Ration Card)during the Covid-19 period of April, 2020 to April 2021 show increased use by working population on move & migrants

34 States/UTs have lifted more than 15 Lakh MT of food grains from FCI depots for the month of May 2021 under PMGKAY-3

Over 1 Lakh MT of food grains distributed to over 2 Crore beneficiaries by 12 States/UTs so far under PMGKAY-3

Total 26.3 Crore portability transactions have been recorded since inception of ONORC scheme

Secretary, Department of Food & Public Distribution Shri Sudhanshu Pandey briefed media persons about PMGKAY-3 and ONORC Schemes


Posted On: 10 MAY 2021 5:28PM by PIB Delhi



The Secretary, Department of Food & Public Distribution Shri Shudhanshu Pandey today briefed the media persons about PMGKAY-3 and One Nation One Ration Card scheme through a virtual press conference. Speaking about the “Pradhan Mantri Garib Kalyan Anna Yojana” (PM-GKAY III), the Secretary said that the department started implementation of “Pradhan Mantri Garib Kalyan Anna Yojana” (PM-GKAY III) for two months period i.e. May and June 2021 in same pattern as earlier by providing an additional quota of free-of-cost foodgrains (Rice/Wheat) at a scale of 5 Kg per person per month, over and above their regular monthly NFSA entitlements to about 80 Crore beneficiaries covered under both categories of NFSA, namely Antyodaya Anna Yojana (AAY) and Priority Householders (PHH). The Government of India will bear all expenditure of over Rs 26,000 Crore on account of food subsidy and Central assistance to states/UTs on account of intrastate transportation etc.


While briefing the media, Shri Pandey informed that the distribution of food grains is going as per schedule for the month of May, 2021. He said as on 10thMay 2021, 15.55 LMT of food grains have been lifted from FCI depots by the 34 States/UTs for the month of May 2021 and over 1 Lakh MT has been distributed to over 2 Crore beneficiaries by 12 states/UTs. he said that almost all States/UTs have indicated action plan to complete the distribution of PMGKAY-III Foodgrains, for the months of May and Jun 2021, by the end of June 2021.


He further said that the Department is continuously reviewing the scheme and pursuing with all States/UTs to give wide publicity and to ensure timely distribution of PM-GKAY III Foodgrains in a transparent manner through ePoS devices after following all safety protocols relating to COVID -19 pandemic, as per advisories issued. VC meetings were held with Food Secretaries/ representatives of States/UTs by Secretary (DoFPD) on 26th April 2021 and by Joint Secretary (BP,PD) on 5th May 2021 to strategize and review the progress of foodgrains distribution.


Emphasising the importance of ‘One Nation One Ration Card’ (ONORC), Secretary, D/o Food & Public Distribution shared that it is an ambitious plan and endeavour of the Department to introduce the nation-wide portability of ration cards under the National Food Security Act, 2013 (NFSA). This aims to empower all migrant beneficiaries to seamlessly access their NFSA foodgrains/benefits anywhere in the country. Presently, this system is seamlessly enabled in 32 States/UTs, covering about 69 Crore beneficiaries (86% NFSA population) in these States/UTs.


Shri Pandey said that ONORC is now enabled in 32 States/ UTs.He said that monthly average of about 1.5 to1.6 Crore potability transactions are being recorded under ONORC. Shri Pandey informed that more than 26.3 Crore portability transactions (including intra-state transactions) have taken place all across these States/UTs, Since the inception of this scheme in August, 2019, out of which almost 18.3 Crore portability transactions have been recorded during the Covid-19 period of April, 2020 to April 2021 itself. He further informed that Given the potential of One Nation One Ration Card (ONORC) plan to ensure the access to NFSA foodgrains to Migrant NFSA beneficiaries during the COVID-19 crisis, this department has been continuously pursuing with States/UTs through VC meetings/advisories/letters etc to implement the programme to its full potential by proactively reaching out to the migrant beneficiaries. These States/UTs have been requested to undertake wide-spread publicity and awareness of the ONORC plan, 14445 toll-free number and ‘Mera Ration’ Mobile application that was recently developed by Department in association with NIC for the benefit of NFSA beneficiaries, specifically the migrant NFSA beneficiaries, in nine different languages viz. English, Hindi, Oriya, Punjabi, Tamil, Telugu, Malayalam, Kannada, Gujarati. Efforts are afoot to include more regional languages in the Mera Ration App, going forward.


As the procurement in Rabi Marketing Season 2021-22 is going on smoothly, Shri Pandey informed that as on 9th May, 2021 total 337.95 LMT wheat has been procured, as compared to 248.021 LMT wheat has been procured during last year on corresponding day. He further informed that around 34.07 Lakh farmers have been benefitted so far against 28.15 lakh last year as on date. He said procurement has undertaken through 19,030 purchase centres across India. He said Haryana and Punjab also switched from indirect payment of MSP to direct online transfers of benefit to farmers, farmers are now receiving direct benefits against sale of their crops without any delay across the country.


The Secretary informed that out of total DBT payment of Rs 49,965 crore so far transferred directly into farmers’ account across India on account of wheat procurement. He further informed that Rs 21,588 Crore in Punjab and about Rs 11,784 Crore in Haryana has been transferred directly into farmers’ account.


Shri Pandey said that in view of resurgence of Covid, with the objective to make wheat and rice stocks easily available in open market, Government of India has liberalised OMSS(D) policy for the year 2021-22. It is informed that the Sale of food grains under OMSS(D) has started in non- procuring States and 2800 MT have been sold so far.


It is also informed that during Covid-19 pandemic, around 928.77 LMT of foodgrains, 363.89 LMT of wheat and 564.88 LMT of rice have been issued from central pool during 1.4.2020 to 31.3.2021for distribution.


While replying to a question about price rise of edible oils, Shri Pandey said that priceof edible oils is being monitored closely by the government. He said due to covid condition some stocks are stuck at ports due to clearance relating tests by various agencies, the problem is now addressed and soon stocks will be released in the market and this will show softening impact on oil prices.


While answering another question about sugar subsidy, Shri Pandey informed that detailed review with sugar and ethanol industry have been going on. He said, we have achieved blending target of 7.2 % this year and we are trying to achieve 8.5 % blending target by the end of this year. He said, as of now 11 states in the country already achieved the blending target of 9-10 %, while rest of the states are working on it.
 

sorcerer

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Netweb’s 'Make in India' compliant Tyrone servers - Express Computer

Netweb Technologies launched the latest TYRONE servers at MAIT-ETMS 2021 in compliance with GOI’s Atmanirvar Bharat initiative for the complex computing needs of Indian companies.

Netweb has been a leader in manufacturing servers in India since 2008, but with Govt of India’s ‘Make in India’ mission, the Indian OEMs have got the right ecosystem which was due for years,” added Sanjay Lodha, CEO, Netweb Technologies.


 

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