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Petroleum Sector contributed Rs. 595,438 Crore to Exchequer in 2018-19 

Prices of petrol and diesel have been made market-determined by the Government with effect from 26.06.2010 and 19.10.2014 respectively. Since then, the Public Sector Oil Marketing Companies (OMCs) take appropriate decision on pricing of petrol and diesel in line with international product prices and other market conditions. The total contribution to Central and State Exchequer from petroleum sector during the ...

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E-CIGARETTES 

As per a report of WHO, Electronic Nicotine Delivery Systems [ENDS] [also known as e-cigarettes] heat a solution to create an aerosol which frequently contains flavourants, usually dissolved into Propylene Glycol or/and Glycerin. ENDS aerosol contains nicotine, the addictive component of tobacco products. In addition to dependence, nicotine can have adverse effects on the development of the foetus during pregnancy ...

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Implementation of National Electric Mobility Mission Plan 

The National Electric Mobility Mission Plan (NEMMP) 2020 is a National Mission document providing the vision and the roadmap for the faster adoption of electric vehicles and their manufacturing in the country. This plan has been designed to enhance national fuel security, to provide affordable and environmentally friendly transportation and to enable the Indian automotive industry to achieve global manufacturing ...

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Several tax proposals aim to promote investments in start-ups and sunrise industries in the country 

PROMOTING INVESTMENTS Several of the tax proposals announced by the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman, while presenting the Union Budget 2019-20 in Parliament today, are aimed at promoting investments in Sunrise Advanced Technology industries and in Start-ups.  To boost  economic growth and Make in India, a Scheme is to be launched to invite global companies ...

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FDI inflows into India remained robust in 2018-19 

The Union Minster of Finance and Corporate Affairs, Nirmala Sitharaman said that FDI inflows into India have remained robust despite global headwinds. Presenting the Union Budget 2019-20 in Parliament today, she said that India’s FDI inflows in 2018-19 remained strong at USD 64.375 billion marking a 6% growth over the previous year. The Finance Minister proposed the following steps to ...

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Fertilizer Subsidy sees a hike of around Rs. 10,000 crores in Budget 2019-20 

Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Union Budget 2019-20 in Parliament today. Union Minister for Chemicals & Fertilizers, Shri D.V. Sadananda Gowda thanked the Finance Minister for increased allocation towards the Fertilizer Subsidy and said that the increased allocation would further help in increasing the efficiency of subsidy transfers to the farmers through DBT. ...

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State of the Economy in 2018-19 – A Macro View 

GDP to grow at 7% in 2019-20 due to growth of investment & consumption Service exports enhanced to Rs. 14.389 lac cr in 2018-19 from Rs. 0.746 lac cr in 2000-01. India’s share in world service exports increased from 2% in 2005 to 3.5 % in 2017 India’s foreign exchange reserves comfortably placed at US $ 422.2 billion in June ...

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Reduction of Stake in PSUs 

As per the Public Enterprise Survey (PES), which is laid every year in both the Houses of the Parliament by Department of Public Enterprises (DPE), certain statutory corporations and all Government Companies in which more than 50% equity is held by the Central Government are classified as CPSEs. The Subsidiaries of these Companies in which any CPSE has more than ...

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Steel Plants 

The State-wise number and details of the Steel plants established by the Government and other enterprises in the country at present are given at Annexure. To promote a Steel SPV in the state of  Jharkhand, an MoU between Ministry of Steel, Government of Jharkhand and NMDC was signed on 28th June, 2015.  Owing to non-allocation of captive iron ore mining lease by ...

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Merchandise Export 

India has achieved a record high of USD 330. 07 billion of merchandise exports in the year 2018-19, registering a positive growth of 8.75% as compared to the previous year. Government has taken following steps to increase exports: A new Foreign Trade Policy (FTP) 2015-20 was launched on 1st April 2015. The policy, inter alia, rationalised the earlier export promotion schemes ...

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