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Yearly Archives: 2018

India Signs MOU With World EXPO 2020 Dubai 

Joint Secretary, Ministry of Commerce and Executive Director, Dubai Expo 2020 signing participants contract today India and World Expo 2020 signed participants contract today for India’s pavilion in the prestigious World Expo 2020 held once in 5 years. The contract was signed by Shri Manoj K. Dwivedi, Joint Secretary, Ministry of Commerce, Government of India on Indian side and Mr. ...

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PM addresses CPSE Conclave 

The Prime Minister, Shri Narendra Modi, attended the CPSE Conclave at Vigyan Bhawan in New Delhi today. Thematic presentations were made to the Prime Minister on subjects such as corporate governance, human resource management, financial re-engineering, innovations and technology, and Vision 2022 for New India. Addressing the gathering, the Prime Minister described this conclave as a new beginning in the ...

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Loan Recoverability of Banks 

As per Reserve Bank of India (RBI) guidelines, banks are to have a loan recover policy, prepared and duly vetted by their boards. A number of mechanisms are available to banks to effect recovery, such as filing of a suit in Civil courts or in Debts Recovery Tribunals and action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security ...

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Growth of Indian Economy 

As per the World Economic Situation and Prospects 2018 report of the United Nations, the Indian economy is projected to grow at 7.2 per cent in 2018-19 and 7.4 per cent in 2019-20. The report indicates that the outlook for India remains largely positive, underpinned by robust private consumption and public investment as well as ongoing structural reforms.Share of public ...

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Development of Various Infrastructure Schemes 

As per Budget 2017-18 and 2018-19, the Revised Estimates for Capital Outlay on Infrastructure Sector for the years 2016-17 and 2017-18 are Rs 3,58,634 crore and Rs 4,94,313 crore respectively, while Budget Estimate for the year 2018-19 is Rs 5,97,143 crore. Details of Foreign Direct Investment (FDI) inflows, country-wise, during the last three years (from April 01, 2014 to January ...

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RS. 569 Crores Invested in 120 Startups Generating 6515 Jobs 

A 19-point Action Plan for Startups was launched in January 2016. The Action plan covers areas of Simplification and Handholding, Funding Support & Incentives and Industry-Academia partnership and incubation. Department of Industrial Policy & Promotion, Ministry of Commerce & Industry is the nodal Ministry for successful implementation of the Action Plan. Recognition of Startups Modification of definition of Startups in ...

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NALCO signs MoU for commercial scale nano based Emrion Deflouridation plants

After successful commissioning of first-of- its kind Defluoridation plant in the World using Nano based Emrion technology, the aluminium major National Aluminium Company Limited (NALCO) is all set for using this technology in commercial scale.It may be noted that NALCO has been using this technology in its Smelter Plant since February 2017 which has successfully addressed the endemic problem of fluoride contamination ...

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Index of Eight Core Industries (Base: 2011-12=100) February, 2018

  The summary of the Index of Eight Core Industries (base: 2011-12) is given at the Annexure. The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 123.1 in February, 2018, which was 5.3 per cent higher as compared to the index ...

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Flexible Mode of Transportation of Coal 

Coal is supplied to the Power Sector under Fuel Supply Agreement (FSA) as per the mode convenient to the Power Plant. For non-power consumers, a dispensation for change of mode from Rail to Road has been extended by CIL. In the second tranche of Linkage Auction for Non-regulated sector, 14.8 Million Tonnes of coal linkage was booked. Out of this ...

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NAFED signs the debt settlement agreement with its eight lender banks 

National Agricultural Cooperative Federation of India Ltd. (NAFED) signed the Debt Settlement Agreement with its eight lender banks at its Headquarter, New Delhi. The One Time Settlement with the lender banks has been made at Rs. 478 Crore with the cash payment of Rs. 220 Crore and assignment of sale rights of one of its prime properties located at Lawrence ...

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