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Commerce and Industry

Import of Paper brought under Compulsory Registration from 1st October

The import policy of major paper products has been amended from ‘Free’ to ‘Free subject to compulsory registration under Paper Import Monitoring System’. A notification to this effect has been issued by DGFT  This order shall be applicable on a range of paper products, such as newsprint, handmade paper, wallpaper base, duplicating paper, coated paper, uncoated paper, Litho and offset ...

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NALCO BREAKS SEVERAL PAST RECORDS FY 21-22 NET PROFIT ZOOMS 2.27 TIMES TO RS. 2,952 CRORE

 National Aluminium Company Limited (NALCO), the Navratna CPSE, under the Ministry of Mines, Government of India,has surpassed several milestones in its journey of business excellence during the Financial Year 2021-22. Showing robust performance across all its business units, the company has posted its best-ever annual production and sales in FY21-22, registering highest ever revenue from operations and highest ever net ...

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India gets the highest annual FDI inflow of USD 83.57 billion in FY21-22

India has recorded highest ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22. In 2014-2015, FDI inflow in India stood at mere 45.15 USD billion as compared to the highest ever annual FDI inflow of USD 83.57 billion reported during the financial year 2021-22 overtaking last year’s FDI by USD 1.60 billion despite military operation in ...

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OPERATIONAL SEZs

Presently, there are 425 formally approved Special Economic Zones (SEZs) in the country.  As on date, 376 SEZs are notified and 268 SEZs are operational. SEZs are primarily private investment driven initiatives. The delay in setting up of and operationalizing SEZs could be attributed to several reasons including adverse business climate due to changed global economic situation, changes in fiscal ...

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EASING THE PROCESS OF FILING PATENTS

The details of patents filed in India over the last five years is as below: Financial Year 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 (Upto 31st Jan, 2022) No. of   applications   filed 45444 47854 50659 56267 58503 51940 The number of patents filed by Indians in India over the last five years is as under, which shows steady increase: Financial ...

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FDI

Foreign Direct Investment inflows (FDI) has shown a continuous increase from US$ 45.15 billion in 2014-15 to US$ 81.97 billion in 2020-21. During the last five financial years, Foreign Direct Investment (FDI) inflows worth US$ 339.55 billion have been reported into India. The financial year wise details are as under: S. No. Financial Year Amount of FDI inflows (in US$ ...

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Contribution of logistics sector in overall GDP

Contribution of logistics sector in overall GDP is not compiled at present.  However, sector-wise Gross Value Added (GAV) for the last three years is given below: (Value in Rs Crore)   S.No.   Sector At current prices 2018-19 (3rd RE) 2019-20 (2nd RE) 2020-21 (1st RE) 1 Railways 1,23,596 1,35,477 1,36,807 2 Road Transport 5,36,552 5,65,438 4,47,164 3 Water Transport 13,059 13,350 13,418 ...

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ENGINEERING CLUSTERS

The Government has set up engineering clusters in the country under the Industrial Infrastructure Upgradation Scheme (IIUS). District-wise details of Engineering Clusters projects set up in the country and funds sanctioned/allocated/released/utilized along with their progress under the scheme is given below: Completed projects: Rs. in crore Sl. No. Name of the Industrial Cluster District State Date of Approval Total Project ...

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Export of Organic Foodgrains

The National Centre for Organic Farming (NCOF), under the Ministry of Agriculture & Farmers Welfare, is the nodal organization for organic farming in the country. NCOF implements the National Project on Organic Farming (NPOF) to promote production, certification and marketing of organic products. The National Programme for Organic Production (NPOP), introduced by the Department of Commerce, is aimed at regulation ...

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Previous Highest Ever yearly exports crossed in 10 months this year with figures touching USD 336 billion approximately

India’s merchandise export in January 2022 increased by 23.69% to USD 34.06 billion over USD 27.54 billion in January 2021; records increase of 31.75% over USD 25.85 billion in January 2020. India’s merchandise export in 2021-22 (April-January) rose by 46.53% to USD 335.44 billion over USD 228.9 billion in 2020-21 (April-January); marks an increase of 27.0% over USD 264.13 billion ...

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