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Monthly Archives: August 2018

Launch of National Mission on GeM 

National Mission on Government e Marketplace (GeM) will be launched on 5th September 2018 to accelerate the adoption and use of GeM by major central Ministries, State Governments and their agencies. The aim of the National Mission is to promote inclusiveness, transparency and efficiency in public procurement and achieve cashless, contactless and paperless transaction. This will increase overall efficiency and lead ...

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CCI decides another Lesser Penalty case in respect of cartelisation in Indian Zinc-Carbon Dry Cell Batteries Market 

The Competition Commission of India (‘CCI’) passed a final order imposing penalty on Panasonic Energy India Co. Limited (‘Panasonic’) and Geep Industries (India) Private Limited (‘Geep’) for colluding to fix prices of zinc-carbon dry cell batteries in India. In respect of Panasonic, CCI granted 100 percent reduction in penalty by invoking the provisions of Section 46 of the Competition Act, ...

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Environment Minister Releases India’s National Redd+ Strategy 

Reiterating India’s commitment to Paris Agreement on Climate Change, Union Minister for Environment, Forest and Climate Change, Dr. Harsh Vardhan has emphasised that the cooperation and involvement of the tribals,  other forest dwelling people and  the society as a whole, is crucial for the implementation of the REDD+ strategy.  Speaking at the release of ‘National REDD+ Strategy India’ here today, ...

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NALCO announces record 114% dividend amounting to Rs. 1102 crore for 2017-18, highest ever since inception

Continuing its bull run, National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Govt. of India, has once again brought cheer in the stock market by declaring record dividend payout of Rs 1102 crore – an increase from 56 % in 2016-17 to a whopping 114 % in 2017-18, which works out to Rs 5.70 per equity ...

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Dredging Corporation of India Limited Announces 20% Dividend for 2017-18 

The Dredging Corporation of India Limited has declared  a 20% dividend on the paid up capital of Rs.28 Crore for the year 2017-18. A cheque of Rs. 4,11,44,026  (Rs. 4.11 Crore ) was handed over to Shri Nitin Gadkari,  Minister of Shipping, Road Transport & Highways, Water Resources, River Development & Ganga Rejuvenation by Shri Rajesh Tripathi, CMD, DCI  in ...

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Government of India and the World Bank sign $300 Million Agreement to help scale-up India’s Energy Efficiency Program

 The Government of India and the World Bank signed here today a $220 million Loan Agreement and a $80 million Guarantee Agreement for the India Energy Efficiency Scale-Up Program. The Program, to be implemented by the Energy Efficiency Services Limited (EESL), will help scale-up the deployment of energysaving measures in residential and public sectors, strengthen EESL’s institutional capacity, and enhance its access to ...

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India’s first biofuel powered flight undertakes maiden voyage. 

A historic flight powered by indigenously produced aviation biofuel based on patented technology of CSIR-IIP Dehradun was flagged off today from Dehradun airport by Uttarakhand CM Shri Trivendra Singh Rawat. The Spicejet flight, featuring a latest generation Q400 aircraft powered by ,was received at Delhi airport by Union Ministers Shri Nitin Gadkari, Dr Harsh Vardhan, Shri Dharmendra Pradhan, Shri Suresh ...

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Committee on review of penal provisions of Company Act 2013 submits final report to Shri Arun Jaitley

The Committee constituted by Government of India in July 2018  to review the existing framework dealing with offences under the Companies Act, 2013 and related matters and make recommendations to promote better corporate compliance, has submitted its report here today. The report was presented to the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley by Secretary, Ministry of Corporate ...

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India to double exports by 2025: Suresh Prabhu 

  Union Minister of Commerce & Industry and Civil Aviation today chaired a meeting of different exports stakeholders and Commerce Ministry officers to discuss a strategy for revitalizing India’s exports and doubling the country’s exports by 2025. The Minister said that this is necessary in view of challenges like uncertainty of global trade, rigid approach of banks affecting availability of ...

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Sustainability and Start Ups in Odisha

What grows out of ‘land’ and ‘water’ in the air of Odisha has succeeded in creation of sustainable self- employment programs in the state. However, for the future, where not only new opportunities are emerging to achieve ‘leap-frog’ economic growth but also the ‘needs and wants’ of the youth are changing, building a sustainable self-employment and entrepreneurship model would require ...

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