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Monthly Archives: December 2018

SEZ Policy review committee report 

TheGovernment had constituted a Group of eminent persons under the Chairmanship of Baba Kalyani, Chairman M/s. Bharat Forge to study the Special Economic Zone (SEZ) Policy of India on 04.06.2018.  The Group submitted its report to the Governmentlast month.  The key recommendations of the Group are as under: Framework shift from export growth to broad-based Employment and Economic Growth (Employment ...

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Coal Production

In 2018-19 (up to 30.11.2018), Coal India Limited (CIL) supplied 315.94 Million Tonnes (MT) of coal achieving a growth of more than 8% in coal supply to the power sector over the supply of 291.78 MT in the corresponding period of last year. Singareni Collieries Company Limited (SCCL) has supplied 35.04 MT of coal to power plants (up to 30.11.2018). ...

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Revival of Exports 

India’s overall exports (merchandise and services) have increased since 2016-17. During the current period 2018-19 (Apr-Sept), India’s overall exports registered a positive growth of 17.01% as compared to the corresponding period of previous year. The details of India’s overall exports for last three years and the current year are as follows: Years Value of Exports (US$ billion) % Change 2015-16 416.60 ...

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Gas trading hub to be set up soon to allow easy and ready access to gas suppliers 

The Minister of Petroleum and Natural Gas & Skill Development and Entrepreneurship Shri Dharmendra Pradhan has said that Energy is a key driver of economic growth and thus, our Government’s focus has been to bring about transformational changes in the energy landscape of India to fulfil the twin objectives of energy justice and climate justice. Speaking at a Programme here ...

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Major Ports register positive growth of 4.83%

The major ports in India have recorded a growth of 4.83% and together handled 461.21Million Tonnes of cargo during the period April to November, 2018 as against 439.96 Million Tonnes handled during the corresponding period of previous year.For the period from April- November 2018, Nine Ports Kolkata (incl. Haldia), Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and Deendayal have registered ...

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New Vehicles to be Pre-Fitted with High Security Registration plates from April next Year

All new vehicles will be sold pre-fitted with High Security Registration Plates – HSRP from the 1st of April next year. The Ministry of Road Transport & Highways has notified amendments in Central Motor Vehicles Rules, 1989 to this effect. The notification mandates that the High Security Registration Plate including the third registration mark shall be supplied by the vehicle manufacturers along with ...

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Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified 

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification of the Central Board of Indirect Taxes and Customs (CBIC) No.93/2018-CUSTOMS (N.T.), dated 15thNovember, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs (CBIC) ...

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Annual Startup India Venture Capital Summit 2018 to be held in Goa 

The Department of Industrial Policy and Promotion (DIPP) in the Ministry of Commerce and Industry and the Government of Goa, is hosting the annual Startup India Venture Capital Summit in Goa on December 07, 2018. The theme of the Summit is ‘Mobilizing Global Capital for Innovation in India.’ The event will showcase the Indian startup opportunity for funds from around ...

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Paradip Port joins 100 million club, down the memory lane, needs to be honoured

Biju Babu called for the map, a scale, and pencil. To everyone’s surprise he placed the scale in the map connecting Paradip and Daitary and drew a straight line. He told the engineers to consider the pencil line on the map as the alignment of the Expressway and proceed with the construction. When there were murmurs about large scale displacement ...

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