In order to promote affordable housing, the government has made several efforts to create enabling environment and eco-system.Towards such an end, the Government has granted infrastructure status to affordable housing which will enable these projects to avail the associated benefits such as lower borrowing rates, tax concessionsand increased flow of foreign and private capital. The announcements were also made pertaining to the affordable ...
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National Adaptation Fund for Climate Change
“The National Adaptation Fund for Climate Change (NAFCC) is a Central Sector Scheme which was set up in the year 2015-16. The overall aim of NAFCC is to support concrete adaptation activities which mitigate the adverse effects of climate change. The activities under this scheme are implemented in a project mode. The projects related to adaptation in sectors such as ...
Read More »Auction for Sale (Re-issue) of Government of India Floating Rate Bonds 2024 and Government Stock 2028.
The Government of India has announced the Sale (re-issue) of (i) “Government of India Floating Rate Bonds 2024” for a notified amount of Rs.3000 crore (nominal) through price based auction, and (ii)“7.17 per cent Government Stock, 2028” for a notified amount of Rs.8,000 crore (nominal) through price based auction. Subject to the limit of Rs.11,000 crore,being total notified amount,GoI will have the option to retain additional subscription ...
Read More »Commerce Minister Suresh Prabhu kicks off consultations on the New Industrial Policy
Commerce and Industries Minister Mr Suresh Prabhu set off a series of nation-wide consultations with the industry on the proposed new Industrial Policy. The first consultation was held at Guwahati on February 02. The event, organized by Department of Industrial Policy and Promotion (DIPP) in partnership with Federation of Chamber of Commerce and Industry (FICCI), was attended by more than ...
Read More »Prime Minister inaugurates Global Investment Summit in Assam
The Prime Minister, Shri Narendra Modi, today addressed the inaugural session of Advantage Assam – Global Investors Summit 2018, in Guwahati. Welcoming delegates to the Summit, the Prime Minister said that the North-East is at the heart of the Union Government’s Act East Policy. The Act East Policy envisions increased people to people contact, trade ties and other relations with ...
Read More »CRISIL, SIDBI Launch India’s First MSE Sentiment Index
The Union Minister for Finance and Corporate Affairs Shri Arun Jaitley launched CriSidEx , India’s first sentiment index for micro and small enterprises ( MSEs) developed jointly by CRISIL & SIDBI here today. CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative ) to ...
Read More »Rabi Crops Sowing Crosses 632 Lakh Hactare
As per preliminary reports received from the States, the total area sown under Rabi crops as on 2nd February 2018 stands at 632.34 lakh hectares as compared to 641.72 lakh hectare this time in 2017. Wheat has been sown/transplanted in 300.70 lakh hectares, rice in 28.61 lakh hectares, pulses in 166.47 lakh hectares, coarse cereals in 56.27 lakh hectares and area sown under ...
Read More »Supply of Coal to Power Sector
Supply of coal to the Power Sector has risen to 210.3 Million Tonnes (MT) in the first six months of this fiscal against 195.2 MT during the corresponding period of 2016-17 thus recording growth of 7.74% (provisional).As per guidelines prescribed by CEA, the thermal power stations are required to keep average coal stock for 22 days consumption for smooth operations. ...
Read More »Supply of Coal To Non-Regulated Sector
The coal supply to Non-Regulated Sector (NRS) is through Fuel Supply Agreements (FSAs) based on their long term linkage /Letter of Assurance (LoA) as recommended by Standing Linkage Committee (Long-Term). The coal supply to the steel Public Sector Units (PSUs) is also through Memorandum of Understanding (MoU). Ministry of Coal vide letter No. 23011/51/2015-CPD (Pt-I) dated 15.02.2016 issued policy guidelines for Auction ...
Read More »NHAI heading towards a quantum jump in award of projects –has invited bids for 10,460 km till January in FY 2017-18
The National Highways Authority of India has invited bids for a length of 10,460 km, costing nearly Rs.1,75,000 crore till January, 2018, and is all set to achieve a quantum jump in the award of road projects in the year 2017-18. Further bids in another 1,000km will be invited within the next 15 days. The average length of road projects ...
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