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Monthly Archives: June 2019

NALCO TO GET PRESIDENT’S AWARD FOR EXCELLENT CSR IN RECOGNITION OF NALCO KI LADLI SCHEME

National Aluminium Company Limited (NALCO), the Navratna CPSE under Ministry of Mines, Govt. of India, has been selected for the prestigious President’s Award for Excellent CSR. It may be mentioned that the Corporate Affairs Department, Govt of India, has selected NALCO for this award at the national level for introducing and implementing schemes like Nalco ki Ladli. Many social organizations have ...

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Policy to Increase Export of Steel 

Export incentive schemes of Ministry of Commerce & Industry are aimed at incentivising merchandise exports including steel. Over the last three years, steel imports from China have come down from 2.163 Million MT to 1.562 Million MT.  This is a result of imposition of Antidumping and Countervailing measures on Chinese steel imports. Steel being a deregulated sector, specific decision on ...

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GST Council has to decide on levy of GST on Petroleum Products 

Article 279A (5) of the Constitution provides that Goods and Services Tax Council shall recommend the date on which goods and services tax shall be levied on petroleum crude, high speed diesel, motor spirit, natural gas and aviation turbine fuel. Thus while, petroleum products are constitutionally included under GST, the date on which GST shall be levied on such goods, ...

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Merchandise Export 

India has achieved a record high of USD 330. 07 billion of merchandise exports in the year 2018-19, registering a positive growth of 8.75% as compared to the previous year. Government has taken following steps to increase exports: A new Foreign Trade Policy (FTP) 2015-20 was launched on 1st April 2015. The policy, inter alia, rationalised the earlier export promotion schemes ...

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Export of Aquaculture 

No anti-dumping duty has been imposed recently on Indian shrimp exports by the United States of America. However, US had imposed anti-dumping duty on import of frozen warm water shrimps from certain countries, including India, in 2004, based on the representations of Southern Shrimp Producers Alliance, an association of local shrimp producers in USA. The Initial anti-dumping duty imposed by ...

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Industrial Park for Rubber Units 

Developmental and research activities for supporting natural rubber sector for the welfare of growers are carried out by Rubber Board through the scheme “Sustainable and Inclusive Development of Natural Rubber Sector” in the Medium Term Framework (MTF) (2017-18 to 2019-20).  The development activities include financial and technical assistance for planting, supply of quality planting materials, support for grower forums and ...

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Relaxation of FDI Norms 

Review of Foreign Direct Investment (FDI) policy is an ongoing process and changes are made in the FDI policy regime, from time to time, to ensure that India remains an attractive investment destination. FDI in various sectors is allowed in a calibrated manner after having intensive consultations with stakeholders including concerned Ministries and Departments, State Governments, apex industry chambers, associations ...

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NMDC: Nurturing Talents of Bastar, Chhattisgarh

NMDC in association with Chhattisgarh Govt. runs an education initiative named “Choo Lo Asman” for supporting students of Bastar region of Chhattisgarh for preparing them technically and academically competent to pursue higher studies in different disciplines like Engineering and Medical courses. To encourage and support the successful candidates from Bastar region of Chhattisgarh in the premier entrance examinations like IIT-JEE and ...

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Startup Development Cells to be set up in State

           While interacting with the startups, Capt. Divya Shankar Mishra, Minister, MSME, Energy, Industries & Home reiterated that development of startup eco-system remains the top priority of government and in the next phase it will be expanded to districts by setting up of Startup Development Cells. He added that all possible support will be given to startups to scale up ...

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Relaxation of FDI Norms 

Review of Foreign Direct Investment (FDI) policy is an ongoing process and changes are made in the FDI policy regime, from time to time, to ensure that India remains an attractive investment destination. FDI in various sectors is allowed in a calibrated manner after having intensive consultations with stakeholders including concerned Ministries and Departments, State Governments, apex industry chambers, associations ...

Read More »
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