Finance

10 States get an additional 28,204C for undertaking power sector reforms

The incentive of Rs 1,22,551 crore is available to States in 2022-23 for reforms in the power sector; the Department of Expenditure, Ministry of Finance, has granted additional borrowing permission of Rs. 28,204 crore to 10 States for undertaking the stipulated reforms in the power sector in 2021-22. […]

Business

4 Schemes introduced for Semiconductor Chip Designing and Manufacturing

India is one of the leading centers for global semiconductor design companies. Most global semiconductor design companies have set up design R&D innovation centers in India owing to the exceptional semiconductor design talent pool making up to 20% of the world’s semiconductor design engineers and the high number of design Patents/ IPR registered in India. […]

Business

New Industrial Policy For J&K

The Government of India has notified the New Central Sector Scheme for Industrial Development of Union Territory of Jammu & Kashmir (J&K) on 19/02/2021 to attract capital investments in J&K with a financial outlay of Rs 28,400 crore (Upto the year 2037). […]

Business

CIL supplied 3.32 lakh tons of Coal To Non-Power Sector

Coal India Limited (CIL) has supplied coal to the Non-Power sector to the tune of 3.32 Lakh tonne per day in FY 2021-22. At present Coal India has a stock of 60.77 Million Tonnes (MT) as of 01.04.2022 and with the Production of 700 MT in FY 2022-23, CIL is making all efforts to meet the demand of all linked sections of the industries in FY 2022-23. […]

Foreign Relations

India signs 13 FTAs with its trading partners

So far, India has signed 13 Free Trade Agreements (FTAs) with its trading partners, including the 3 agreements, namely India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (CECPA), India-UAE Comprehensive Partnership Agreement (CEPA), and India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) signed during the last five years. […]

Business

BIS grants 630 licenses to MSME toy manufacturers

The Union Minister of State for Consumer Affairs, Food and Public Distribution, Shri Ashwini Kumar Choubey in a written reply to a question in Lok Sabha today informed that the Bureau of Indian Standards (BIS) has granted 630 licenses to MSME toy manufacturers as on 28.03.2022. […]

Foreign Relations

Palaniswamy Subrahmanyan Karthigeyan concurrently accredited as the next High Commissioner of India to Kiribati

Shri Palaniswamy Subrahmanyan Karthigeyan (IFS:2004), presently High Commissioner of India to the Republic of Fiji, has been concurrently accredited as the next High Commissioner of India to the Republic of Kiribati, with residence in Suva. […]

Agriculture & Commodities

Technological Products by KVKs

The Government has made provision for the opening of Krishi Vigyan Kendra (KVK) in each of the rural districts keeping in view the rationale that new agricultural technologies and best practices are assessed and demonstrated at farmers’ fields […]

Agriculture & Commodities

Budget for PM-AASHA

In order to provide remunerative prices to the farmers of notified pulses, oilseeds & copra, Government implements an umbrella scheme of Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) consisting of the Price Support Scheme (PSS), Price Deficiency Payment Scheme (PDPS) and Pilot Private Procurement & Stockiest Scheme (PPSS). […]

Business

CCI issued a final order against 11 firms

The Competition Commission of India (CCI) issued a final order against eleven (11) companies/ firms which were found to have contravened the provisions of Sections 3(3)(a), 3(3)(b), 3(3)(c) and 3(3)(d) read with Section 3(1) of the Competition Act, 2002 (Act), which proscribe anti-competitive agreements. […]

Business

Best year of performance in the history of MOIL

FY 2021-22 has been one of the best years of performance in the history of Manganese Ore (India) Limited (MOIL), a schedule ‘A’ CPSE under the Ministry of Steel, as its turnover has almost touched the highest-ever achieved so far in FY 2018-19. […]

Business

Sustainable Mining in India

Before execution of a mining lease under the provisions of the Mines and Minerals (Development and Regulation) Act, 1957, every mine is required to obtain statutory clearances from various departments of the Central Government and respective State Governments, including Environmental Clearance and Forest Clearance. […]

Foreign Relations

India-Australia ECTA signed by Piyush Goyal

The India-Australia Economic Cooperation and Trade Agreement (“IndAus ECTA”) was signed by Shri Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food, and Public Distribution and Textiles, Government of India, and Mr. Dan Tehan, the Minister for Trade, Tourism and Investment, Government of Australia in a virtual ceremony, in the presence of Hon’ble Prime Minister of India, Shri Narendra Modi and the Hon’ble Prime Minister of Australia, H.E. Mr. Scott Morrison today. […]

Business

Atmanirbhar in MSMEs Sector

The Government has taken a number of initiatives under the Aatma Nirbhar Bharat Abhiyan to mitigate the negative impact of Covid-19 on small businesses, including MSMEs, in the country. […]

Business

NMDC’s Annual Performance

National Mineral Development Corporation Ltd. (NMDC), the Country’s largest Iron Ore producer, a CPSE under the Ministry of Steel, reported cumulative production and sales for FY22 stood at 42.15 MT and 40.70 MT respectively, a growth of 23% in production and 22% in sales over the same period last year. […]

Foreign Relations

India-Australia Economic Cooperation and Trade Agreement to be signed

Shri Piyush Goyal, Union Minister of Commerce and Industry, Consumer Affairs, Food, and Public Distribution and Textiles, Government of India, and Mr. Dan Tehan, the Minister for Trade, Tourism and Investment, Government of Australia, will sign the India-Australia Economic Cooperation and Trade Agreement (“IndAus ECTA”) in a virtual ceremony, in the presence of Hon’ble Prime Minister of India, H.E. Shri. Narendra Modi and the Hon’ble Prime Minister of Australia, H.E. Scott Morrison tomorrow. […]

Business

Revamping Food Processing Industries

In order to deal with constraints faced by the Food Processing sector and to ensure its overall growth and development across the country, the Ministry of Food Processing Industries (MoFPI) has been implementing Central Sector Umbrella Scheme – Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), centrally sponsored PM Formalisation of Micro Food Processing Enterprises Scheme (PMFME) and Central Sector Production Linked Incentive Scheme (PLISFPI). […]