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Yearly Archives: 2018

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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Food Processing Business In Odisha: A Paradigm Shift

Odisha can have an explosive growth if properly networked towards the development of food processing sector through path-breaking technology and innovations across the processed food value chain and ecosystem. Dr. Kalpana Rayaguru, an IITian and a researcher, has drawn the roadmap for the young entrepreneurs with her teaching and field experiences. The Indian food industry has emerged as a high-growth and ...

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Department of Commerce Developing National Logistics Portal

A National Logistics Portal is being developed by the Ministry of Commerce and Industry to ensure ease of trading in the international and domestic markets. The portal will link all the stakeholders of EXIM, domestic trade and movement and all trade activities on a single platform.  In this year’s budget speech, Finance Minister had announced that the Department of Commerce ...

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Index Numbers of Wholesale Price in India (Base: 2011-12=100)  Review for the month of July, 2018 

 The official Wholesale Price Index for ‘All Commodities’ (Base: 2011-12=100) for the month of July, 2018 rose by 0.4  percent to 119.7 (provisional) from 119.2 (provisional) for the previous month.   INFLATION   The annual rate of inflation, based on monthly WPI, stood at 5.09% (provisional) for the month of July, 2018 (over July, 2017) as compared to 5.77% (provisional) ...

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INDIA’S FOREIGN TRADE: July 2018 

  MERCHANDISE TRADE EXPORTS (including re-exports) Exports during July 2018 were valued at US $ 25.77 Billion as compared to US $ 22.54    Billion during July 2017 exhibiting a positive growth of 14.32 per cent. In Rupee terms, exports were valued at Rs. 1,77,041.47crore in July 2018 as compared to Rs. 1,45,308.10crore during July 2017, registering a positive growth ...

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Quick Estimates of Index of Industrial Production and Use-Based Index for the Month of June, 2018 (Base 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of June 2018 stands at 127.7, which is 7.0 percent higher as compared to the level in the month of June 2017. The cumulative growth for the period April-June 2018 over the corresponding period of the previous year stands at 5.2 percent. The Indices of ...

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Growth of Beach Sand Mineral Industry in Odisha – Calls for urgent attention by the State Govt

.  Odisha not only possess huge mineral deposits of Iron, Coal, Bauxite and Chromium; but also has a substantial quantity of Beach Sand deposits. The effective mining of Beach sand, beneficiations and conversion to value added products within Odisha will accelerate the industrial development of the state. R C Patnaik, the Former Executive of Indian Rare Earth Ltd, Chatrapur in ...

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Micro, Small & Medium Enterprises (MSME) in Odisha: The Road Ahead

 Indian aluminium sector is waking up to a whole new world of opportunities. If the outcome of the recently ended Aero India 2017 is to be believed, then aluminium applications sector surely has some great bandwidth to experiment and grow its business effectively. Dr. Chitta Ranjan Mishra, the ‘Kalinga Samman’ Laureate, Eminent Chemical Scientist & Technologist, Columnist, Television Anchor, Author, ...

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