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Monthly Archives: January 2018

Small Finance Banks and Payment Banks to offer Atal Pension Yojana

Atal Pension Yojana (APY) is a Government of India’s Old Age Pension Scheme being implemented through all Banks across the country as per the mandate received from the Ministry of Finance and monitored periodically at PMO. The Prime Minister, Shri Narendra Modi had launched the Social Security Scheme on 9th May 2015 and dedicated the First Ever Guaranteed Pension Product to ...

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India is the leading country in coconut production and productivity in the world: Shri Radha Mohan Singh

Union Minister for Agriculture and Farmers Welfare, Shri Radha Mohan Singh said that the Coconut Development Board’s (CDB) major schemes are focusing on coconut production, productivity, processing for coconut products, value addition, marketing, and export promotion in Bihar. The Minister said this today on the occasion of the inauguration of the Farmers’ Training Centre cum Regional Office Building of Coconut ...

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Index of Eight Core Industries (Base: 2011-12=100) December, 2017

Index of Eight Core Industries(Base: 2011-12=100) December, 2017  The summary of the Index of Eight Core Industries (base: 2011-12) is given at the Annexure.             The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 129.1 in December, 2017, which was 4.0 ...

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Economic Survey calls for Fiscal Federalism and accountability to avoid low equilibrium trap

Is there a low equilibrium trap if fiscal federalism is not achieved? This was the question posed by the Economic Survey 2017-18 tabled by the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley in Parliament today. The Survey pointed out that low level of tax collections by the local Governments in rural areas is posing challenge in reconciling ...

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Italian delegation shows interest in investing in Angul Aluminium Park

The prospect of rapid expansion in the Aluminium sector in Odisha, especially in the upcoming Angul Aluminium Park has attracted the attention of the visiting high level delegation team from Italy to set the platform for investment and collaboration with its counterparts in Odisha and India.The Aluminium Association of India (AAI) held the Indo-Italian Metal Hub seminar in NALCO Nagar, ...

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