Hi, NewsWrap for February 17, 2022

Ittar Makers Seeks Govt. Support, PM Modi Kicks-off Additional Railway Line In Mumbai, IMD Forecasts Heavy Rains, PLI Scheme To Unlock India’s Manufacturing Capacity

17 February 2022

  • IMD Forecasts Heavy Rains In These States In The Next 4 Days

    The effect of cyclonic circulation over Southeast Bay of Bengal at lower tropospheric levels is predicted to bring heavy rains to Andaman and Nicobar, West Bengal, and other regions during the next few days, the India Meteorological Department (IMD) said in its forecast on Thursday. Meanwhile, due to a weak western disturbance, minor rainfall/snowfall is expected in Jammu-Kashmir and Himachal. Rainfall will be quite widespread to widespread throughout the Andaman and Nicobar Islands over the next three days, then decrease.

  • Ittar Makers of Uttar Pradesh Kannauj Seeks Government Support

    Kannauj (Uttar Pradesh) is a city in the state of Uttar Pradesh. The flower farmers and 'ittar' producers of Kannauj, India's perfume capital, have asked the government for help to keep their businesses afloat in the face of a downturn. Farmers are demanding a regulated minimum price for flowers because the price of flowers fluctuates depending on supply. Because of an increase in availability, the selling price of rose, which was Rs 70 per kg a week ago, has dropped to Rs 35-36 in the previous two days. When there is a spike in demand and a decrease in supply, the price can climb to Rs 100 to Rs 140 per kg.

  • ICRA: PLI Scheme To Unlock India’s Manufacturing Capacity & Generate Jobs

    According to ratings agency Icra, the government's PLI plan, which was introduced with the goal of incentivizing manufacturing, is expected to draw a capex of around $4 trillion over the next five years and has the ability to employ over 3 million people in India. Icra has examined the cumulative positive impact of the PLI plan in its newest sectoral strategy study, with a focus on manufacturing, which now accounts for 20-25 percent of overall capex in India. According to the research, the government has carefully selected the industries in light of India's rising demand (solar, semiconductors/electronics, vehicles, etc.) and they are crucial for developing manufacturing skills (semiconductors, telecom gears, medical devices).

  • PM Modi To Kick-Off 2 Additional Railway Line In Mumbai

    Prime Minister Narendra Modi will use video conferencing to open two new railway lines connecting Thane and Diva at 4:30 p.m. on Friday. The Prime Minister will also flag off two Mumbai Suburban Railway suburban trains before delivering his remarks. The Central Railway's principal junction is Kalyan. At Kalyan, traffic from the north and south of the country converges and proceeds to the CSMT (Chhatrapati Shivaji Maharaj Terminus).

On the news

17 February 2022

That's it for for 17 February 2022
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