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Monthly Archives: July 2018

Unearthing of Black Money 

            The Income-tax Department (ITD) takes appropriate action against black money which is an on-going process.  Such action under the Direct Tax laws includes searches, surveys, enquiries, assessment of income, levy of penalties and filing of prosecution complaints before criminal courts, wherever applicable. Moreover, recognizing the limitations of the Income-tax Act, 1961 etc. in dealing with black money stashed abroad, the ...

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cotton production and consumption in the country during the current crop year

The total cotton production and consumption in the country during the current crop year i.e. 2018-19 is not available. However, State-wise estimated production of cotton, as per the Third Advance Estimates for the year 2017-18, is as under:   State Production (in lakh bales of 170 kgs. each) Andhra Pradesh 20.38 Gujarat 126.37 Haryana 16.26 Karnataka 12.24 Madhya Pradesh 18.69 ...

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Ministry of Shipping issues new guidelines for improving treasury investment for Major Ports  Potential to increase Surplus at ports by Rs 150 Cr 

The Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across major Indian ports. One major initiative is to improve the returns earned on treasury investments by the ports for pension, provident and surplus funds. Across all major ports, these funds add up to around Rs 33,000 crore, yielding interest of ...

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Projected Investment on full realization of PCPIRs is Rs. 7.63 lakh crore and employment generation is expected for around 33.96 lakh persons: Shri Rao Inderjit Singh 

Minister of State for Planning (IC) and Chemicals & Fertilizers, Shri Rao Inderjit Singh, in a written reply to a question on current status of implementation of Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs) projects in India, in Lok Sabha today, informed that as per Detailed Project Reports (DPRs), the projected investment on full realization of PCPIRs is Rs. 7.63 lakh ...

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Promotion of Inland Water Transport 

The Minister of State for Shipping, Road Transport and Chemical & Fertilizers Shri Mansukh L Mandaviya in a written reply to a question in Rajya Sabha today informed that the development of viable National Waterways is being undertaken for the movement of cargo and passenger vessels.  Besides, under the Sagarmala Programme, a Central Sector Scheme is being implemented for providing support to ...

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PMEGP helps more than 30, 000 women entrepreneurs  

Prime Minister’s Employment Generation Programme, (PMEGP), aimed at generating employment in rural and urban areas of the country, has helped women entrepreneurs set up 30,437 projects during 2016-17 and 2017-18 with financial assistance of over Rs. 85,305 lakh. This was stated by the Minister of State (I/C) for Micro, Small and Medium Enterprises(MSME) Giriraj Singh in a written reply in theLok ...

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Production of RAW Cashew at All Time High 

The production of raw cashew nuts in India during 2017-18 has increased to all time high at 8.17 lakh metric tonneand registered growth of 4% compared to previous   production of 7.79 lakh metric tonneand 21 % increase compared to 2015-16 production of 6.70 lakh metric tonne. However, due to shortage of sufficient quantity of raw cashew nut and higher price ...

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Investment in Logistics to Touch USD 500 Billion By 2025: Suresh Prabhu 

Expenditure on investment in logistics, including infrastructure, will touch USD 500 billion, annually, by 2025, said Union Minister of Commerce and Industry in New Delhi today. He further said that this will create millions of jobs and also do away with the hurdles hampering India’s internal and global trade. India is now being looked upon as one of the most ...

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CIL Coal Production has Increased by 105 MT (Approx) During the Last Four Years

 The CIL coal production has increased by 105 MT (approx) during the last four years as compared to an increase of 31 MT (approx) during the period of 2010-11 to 2013-14 (4 years). Similarly offtake of coal from CIL has increased by about 109.12 MT during the last four years as compared to an increase of about 55.04 MT during ...

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Net Profit of Coal India Limited 

The Profit after Tax of Coal India Limited (Consolidated) for 4thquarter of FY 2017-18 was Rs 1295.34 crores as against Rs2718.80 crores in the corresponding 4th quarter of FY 2016-17 registering a decline of Rs 1423.46 crores which is around 52%. The major reason for dip in net profit was on account of impact of past service cost of Rs 7384.37 ...

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