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Yearly Archives: 2018

Consumer Price Index numbers on Base 2012=100 for Rural, Urban and Combined for the Month of January 2018

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has revised the Base Year of the Consumer Price Index (CPI) from 2010=100 to 2012=100 with effect from the release of indices for the month of January 2015. In this press note, the CPI (Rural, Urban, Combined) on Base 2012=100is being released for the month of January 2018. In addition ...

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Revival of Thermal Power Plants By Coal Linkage Policy

The Government approved a new policy for allocation of future coal linkages in a transparent manner for power sector consumers. This policy is christened as ‘Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India’ (SHAKTI). The policy is an important initiative in alleviating one key challenge in power sector, viz. lack of coal linkage and is expected to positively ...

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NALCO registers robust growth upto 3rd Quarter Quantum jump in net profit by 171% from Rs.400 crore last year to Rs.1085 crore

National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines, Govt. of India and country’s leading manufacturer and exporter of alumina and aluminium,has declared its financial results for & upto 3rd quarter ended December 2017.           According to the reviewed financial results for the 3rdquarter of the financial year 2017-18 taken on record by the Board in the meeting held ...

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GST Council recommends granting relief from GST on services provided by the Resident Welfare Associations (RWAs) to their Members

In its 25th Meeting held on 18th January, 2018, the GST Council had recommended several measures granting relief from GST on a number of goods and services. One of the important reliefs granted by the Council is to enhance the limit of contribution made by members of a Resident Welfare Association (RWA) for the purpose of exemption from GST.The Council had recommended that ...

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GST rate on admission to amusement parks and ballet etc, reduced from 28% to 18%. 

​ In its  Meeting held on 18th January, 2018, the GST Council had recommended reduction of GST rate on services by way of admission to Amusement Parks including theme parks, water parks, joy rides, merry-go-rounds, go-carting and ballet from 28% to 18%. These services hitherto attracted GST @ 28%. Requests were received from several quarters that amusement parks promote social wellness and beget fun ...

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National Meet on Grassroot Informatics :VIVID 2018: Weaving a Digital India

National security, economic prosperity, innovation and social well-being are critically dependent upon the availability, integrity and confidentiality of a range of Information and Communications Technologies (ICT). Nearly every aspect of citizen’s daily life has been considerably transformed by the information revolution, and modern life depends upon the timely, adequate and confidential performance of cyberspace.In the last DIO meet (VIVID 2017), ...

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GST Council recommends relief in GST on Circus, Dance and Theatrical Performances

In its Meeting held on 18th January, 2018, the GST Council has recommended that for the purpose of GST exemption, the threshold price limit of Admission Ticket for circus, dance,theatrical performances including drama or dance, award functions, pageants, concerts, musical performances, and recognized sporting events may be increased from Rs. 250 per person to Rs.500 per person. The Council has further recommended that ...

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Launch of Startupindia Ranking Framework

Three new tools for States and Union Territories for ranking of startups in the country was launched by Union Minister of Commerce and Industry at a function today in New Delhi. The tools are: the State and Union Territory Startup Ranking Framework, the Compendium of Good Practices for Promoting Startups in India and the Startup India Kit. These will act ...

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US$ 1.08 million saved during April-December 2017 due to decline in Urea Imports: Shri Rao Inderjit Singh

Minister of State for Planning (IC) and Chemicals & Fertilizers, Shri Rao Inderjit Singh, in a written reply to a question on status of Urea Imports and steps taken by Government to increases fertilizer production in the country, in Lok Sabha today, informed that the import of urea is made on Government account to bridge the gap between estimated indigenous ...

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Investment on Highways 

The Cabinet has accorded approval to the investment proposal for the umbrella highway sector programme Bharatmala Pariyojana (BMP) Phase I on 24.10.2017 for development/upgradation of 34,800 km of National Highways (NHs) with an outlay of Rs.5,35,000 crore for over a five year period i.e. from 2017-18 to 2021-22. In addition, 48,877 kms of projects under other ongoing schemes like NH(O), ...

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