Business

Find News and information about Business which includes information India Support Office and
News from Ministries of
Ministry of Commerce and Industry
Ministry of Skill Development and Entrepreneurship
Ministry of Micro, Small and Medium Enterprises

And news from Departments of
Department for Promotion of Industry and Internal Trade
Department of Commerce
Directorate General of Foreign Trade (DGFT)
Department of MSME
Khadi and Village Industries Corporation

And other related departments, boards, corporations attached & subordinates offices, apex institutions, PSUs, JVs, Companies, Schemes, Programmes, and Missions

Business

NMDC wins 2 Awards at 80th SKOCH Summit 2022

April 12, 2022 India Ties Comments Off on NMDC wins 2 Awards at 80th SKOCH Summit 2022

The largest iron ore producer in India, the National Mineral Development Corporation (NMDC), under the Ministry of Steel awarded one gold and one silver award in the 80th SKOCH Summit and SKOCH Awards recently conducted by SKOCH, New Delhi. […]

Business

KVIC launches “Banarasi Pashmina” to boost self-sustainability & Artisanal Creativity

April 8, 2022 India Ties Comments Off on KVIC launches “Banarasi Pashmina” to boost self-sustainability & Artisanal Creativity

From the Himalayan highlands of Leh-Ladakh to the banks of River Ganges in Varanasi – the heritage handicraft of Pashmina has got a brand new identity. The premium Pashmina products prepared by the highly skilled Khadi weavers of Varanasi were launched by Chairman KVIC, Shri Vinai Kumar Saxena in Varanasi. […]

Business

4 Schemes introduced for Semiconductor Chip Designing and Manufacturing

April 7, 2022 India Ties Comments Off on 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

April 7, 2022 India Ties Comments Off on 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

April 7, 2022 India Ties Comments Off on 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. […]

Business

BIS grants 630 licenses to MSME toy manufacturers

April 6, 2022 India Ties Comments Off on 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. […]

Business

CCI issued a final order against 11 firms

April 5, 2022 India Ties Comments Off on 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

April 4, 2022 India Ties Comments Off on 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

April 4, 2022 India Ties Comments Off on 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. […]

Business

Atmanirbhar in MSMEs Sector

April 4, 2022 India Ties Comments Off on 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

April 4, 2022 India Ties Comments Off on 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. […]

Business

Revamping Food Processing Industries

April 4, 2022 India Ties Comments Off on 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). […]

Business

Export Policy for MSMEs

March 31, 2022 India Ties Comments Off on Export Policy for MSMEs

E-Commerce is widely considered a medium to reduce costs related to penetration and sustainability of exporters in international markets. Indian MSMEs stand to benefit from the enhanced visibility provided by e-commerce platforms. […]

Business

Innovations In Startups

March 30, 2022 India Ties Comments Off on Innovations In Startups

Startups and the entire innovation ecosystem are the engines of growth for any country. Recognizing this aspect, the Government launched the Startup India initiative on 16th January 2016 with an aim to build a stronger ecosystem for nurturing India’s startup culture that would further drive our economic growth, support entrepreneurship, and enable large-scale employment opportunities. […]

Business

Steps to Increase Domestic Production of Ammonium Nitrate

March 30, 2022 India Ties Comments Off on Steps to Increase Domestic Production of Ammonium Nitrate

Presently, Coal India Limited (CIL) has Regular Running Contracts with 12 domestic private explosive manufacturers for Bulk explosives; 06 domestic private explosive manufacturers for Large Dia explosives, and 04 domestic private explosive manufacturers for Permitted explosives. […]