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Monthly Archives: February 2018

7th Global Economic Summit on Global Value Chains inaugurated

Integration of MSME sector with Global Value Chains requires the sector to focus more on innovation, be it product innovation or process innovation. For that to happen, steady supply of skilled human capital needs to be ensured to drive the experiments with new ideas. Besides to make the integration effective, availability of World Class infrastructure backed by State of Art ...

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Shri R.K. Singh inaugurates ‘International R&D Conclave’

Union Minister of State (IC) for Power and New & Renewable Energy, Shri R.K. Singh inaugurated the‘International R&D Conclave’- two-day conference on Emerging Opportunities and Challenges of R&D in Indian Power Sector, organised by Central Electricity Authority (CEA), here today. In his address inaugural, Shri Singh stressed upon the need of a dedicated R&D department in CEA to coordinate the ...

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India’s Foreign Trade: January 2018 

MERCHANDISE TRADE EXPORTS (including re-exports) Exports during January 2018 have exhibited positive growth of 9.07per cent in dollar terms vis-à-vis January 2017. Exports have been on a positive trajectory since August 2016 to January 2018 with a dip of 1.1 per cent in the month of October 2017. Exports during January 2018valued at US$ 24383.97 million as compared to US$ ...

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India Pharma & India Medical Device 2018 begins in Bengaluru 

Ayushman Bharat health insurance scheme announced by the Government, popularly called as ‘Namo-Care’, has the potential to turn India into the largest pharma manufacturer of the world in about three years”, Union Minister of Chemicals & Fertilizers and Parliamentary Affairs, Shri Ananthkumar, said while inaugurating the third edition of India Pharma 2018 and India Medical Device 2018, International conference and ...

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2,45,348 Beneficiaries Assisted for Setting up Individual & Group Micro Enterprises so far: Hardeep Puri 

Shri Hardeep Puri, Minister of State (I/C) for Housing & Urban Affairs has informed that till December 2017 a total of 2,45,348 beneficiaries have been assisted under DAY-NULM for setting up individual/ group micro enterprises.  He was chairing the fourth meeting of the Governing Council of Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) here today.  Shri Durga Shankar ...

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Consumer Price Index numbers on Base 2012=100 for Rural, Urban and Combined for the Month of January 2018

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015. In this press note, the CPI (Rural, Urban, Combined) on Base 2012=100is being released for the month of January 2018. In addition ...

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Revival of Thermal Power Plants By Coal Linkage Policy

The Government approved a new policy for allocation of future coal linkages in a transparent manner for power sector consumers. This policy is christened as ‘Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India’ (SHAKTI). The policy is an important initiative in alleviating one key challenge in power sector, viz. lack of coal linkage and is expected to positively ...

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NALCO registers robust growth upto 3rd Quarter Quantum jump in net profit by 171% from Rs.400 crore last year to Rs.1085 crore

National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines, Govt. of India and country’s leading manufacturer and exporter of alumina and aluminium,has declared its financial results for & upto 3rd quarter ended December 2017.           According to the reviewed financial results for the 3rdquarter of the financial year 2017-18 taken on record by the Board in the meeting held ...

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GST Council recommends granting relief from GST on services provided by the Resident Welfare Associations (RWAs) to their Members

In its 25th Meeting held on 18th January, 2018, the GST Council had recommended several measures granting relief from GST on a number of goods and services. One of the important reliefs granted by the Council is to enhance the limit of contribution made by members of a Resident Welfare Association (RWA) for the purpose of exemption from GST.The Council had recommended that ...

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GST rate on admission to amusement parks and ballet etc, reduced from 28% to 18%. 

​ In its  Meeting held on 18th January, 2018, the GST Council had recommended reduction of GST rate on services by way of admission to Amusement Parks including theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet from 28% to 18%. These services hitherto attracted GST @ 28%. Requests were received from several quarters that amusement parks promote social wellness and beget fun ...

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