Asset Quality Review (AQR) carried-out in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs. Expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans, were reclassified as NPAs and provided for. PSBs initiated cleaning-up by recognising NPAs and provided for expected losses. The gross NPA ratio for Public Sector Banks ...
Read More »Yearly Archives: 2018
Quick Estimates of Index of Industrial Production And Use-Based Index for the Month of May, 2018 (Base 2011-12=100)
The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of May 2018 stands at 128.8, which is 3.2 percent higher as compared to the level in the month of May 2017. The cumulative growth for the period April-May 2018 over the corresponding period of the previous year stands at 4.0 percent. 2. The ...
Read More »Major ports register 3.91% growth
The major ports in India have recorded a growth of 3.91% and together handled 174.02 Million Tonnes of cargo during the period April to June, 2018 as against 167.48 Million Tonnes handled during the corresponding period of previous year. For the period from April- June 2018, nine ports – Kolkata including Haldia, Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and ...
Read More »Andhra Pradesh, Telangana and Haryana Top Rankers in Ease of Doing Business
Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, released the final rankings of States in Ease of Doing Business in New Delhi today. The top rankers are Andhra Pradesh, Telangana and Haryana. Jharkhand and Gujarat stood fourth and fifth respectively. DIPP, Ministry of Commerce and Industry in collaboration with the World Bank conducted an annual reform ...
Read More »Dr. T.K Chand receives Knowledge Excellence Award from Secretary, Mines, Govt. of India for Outstanding Contribution in Aluminium Knowledge domain Dr. Tapan Kumar Chand, CMD, NALCO, called upon industry leaders, policy makers and stakeholders in the Aluminium value chain to scale up production of the ‘wonder metal’ to meet the rising demand as consumption of Aluminium is poised to reach ...
Read More »We are one team and should work together to provide electricity connection to every poor household in India: Shri RK Singh
“We are one team and should work together to provide electricity connection to every poor household in India. Access to energy is a prerequisite for a poverty free India. Energy is the engine of growth and no country can ever develop with millions of its citizen living without electricity” said Shri RK Singh, Union Minister (IC) for Power and New ...
Read More »KVIC Chairman launching e-marketing system- KIMIS.
The Khadi and Village Industries Commission (KVIC) today launched its, in-housedeveloped,single-umbrella e-marketing systemnamed Khadi Institution Management and Information System (KIMIS) in New Delhi. The system can be accessed from anywhere in the country for the sale and purchase of Khadi and Village Industries products. KVIC Chairman, Vinai Kumar Saxena, whileinauguratingthe KIMIS, said that it was the need of the hour ...
Read More »LIST OF STEEL PLANTS( ODISHA )TEMPORARILY CLOSED/STOPPED PRODUCTION
LIST OF STEEL PLANTS ODISHA TEMPORARILY CLOSED/STOPPED PRODUCTION SL NO COMPANY DISTRICT LOCATION Approved CAPACITY IN MTPA INSTALL CAPACITY IN MTPA CLOSE w.e.f 1 ACTION ISPAT AND POWER(P)LTD. JHARSUGUDA PANDIRIIPATHAR AND MARAKUTA 0.80 0.25 01.10.2016 2 DEEPAK STEEL & POWER LIMITED KEONJHAR TOPDIHI,BARBIL 0.25 0.25 2013-14 3 JAIN STEEL & POWER LIMITED JHARSUGUDA DURIAGA ...
Read More »Cabinet approves Mechanism for procurement of ethanol by Public Sector Oil Marketing Companies (OMCs) to carry out the Ethanol Blended Petrol Programme- Revision of ethanol price for supply to Public Sector OMCs
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the Mechanism for procurement of ethanol by Public Sector Oil Marketing Companies (OMCs) to carry out the Ethanol Blended Petrol (EBP) Programme- Revision of ethanol price for supply to Public Sector OMCs. Now, CCEA has approved the following for the forthcoming sugar season 2018-19 during ...
Read More »Cabinet approves capital infusion in Export Credit Guarantee Corporation Ltd.
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the capital infusion of Rs.2000 crore for strengthening of Export Credit Guarantee Corporation (ECGC). The amount would be infused in the three financial years i.e. Rs.50 crore in 2017-18, Rs.1450 crore in the year 2018-19 and Rs.500 crore for 2019-20. The infusion would enhance insurance ...
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