Indian Industry Plus A Pratisrutiplus Suppliment

Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Union Budget 2019-20 in Parliament today. Union Minister for Chemicals & Fertilizers, Shri D.V. Sadananda Gowda thanked the Finance Minister for increased allocation towards the Fertilizer Subsidy and said that the increased allocation would further help in increasing the efficiency of subsidy transfers to the farmers through DBT. ...

GDP to grow at 7% in 2019-20 due to growth of investment & consumption Service exports enhanced to Rs. 14.389 lac cr in 2018-19 from Rs. 0.746 lac cr in 2000-01. India’s share in world service exports increased from 2% in 2005 to 3.5 % in 2017 India’s foreign exchange reserves comfortably placed at US $ 422.2 billion in June ...

 India’s largest Blast Furnace at JSPL Angul Odisha has produced its highest ever Hot Metal production of 10845 MT for a single day on 2nd July 2019. It is also reported that this is the ever highest production produced by any of the BFs in India.  The furnace is stable for the last one week and has continuously produced more than 10,000 Tons per ...

The USA imposed a global additional tariff of 25% and 10% on import of steel and aluminum products in March, 2018. In response, Government of India has imposed retaliatory tariffs on 28 products originating or exported from the US with effect from 16th June, 2019 vide notification no. 17/2019-Customs dated 15th June, 2019 of Department of Revenue. The retaliatory tariffs are expected ...

Department of Public Enterprises (DPE) is the nodal Department for Central Public Sector Enterprises (CPSEs) but there is no CPSE under its direct administrative control. The CPSEs function under various Ministries/ Departments of Govt. of India. As per Section-135 of Companies Act, 2013, CSR activities are undertaken by the CPSEs on the recommendations of their CSR Committee and with the ...

As per the Public Enterprise Survey (PES), which is laid every year in both the Houses of the Parliament by Department of Public Enterprises (DPE), certain statutory corporations and all Government Companies in which more than 50% equity is held by the Central Government are classified as CPSEs. The Subsidiaries of these Companies in which any CPSE has more than ...

As per the Companies Act, 2013, Central Public Sector Enterprises (CPSEs) under Ministry of Steel earmark at least 2% of the average net profits made during the three immediately preceding financial years for Corporate Social Responsibility (CSR) activities. Unspent balance for the previous year, if any, is carried forward to the next year for utilisation for the purpose for which ...

The State-wise number and details of the Steel plants established by the Government and other enterprises in the country at present are given at Annexure. To promote a Steel SPV in the state of  Jharkhand, an MoU between Ministry of Steel, Government of Jharkhand and NMDC was signed on 28th June, 2015.  Owing to non-allocation of captive iron ore mining lease by ...

The Index of Eight Core Industries (ICI) registered a growth of 5.1 per cent in May, 2019over May, 2018.The cumulative growth of these industries during April-May 2019-20 was5.7 per cent as compared to the  growth of 4.4 per cent during April- May2018-19. The growth rate for ICI for April 2019 has been revised upward to 6.3 per cent from 2.6 per centdue ...

A Committee was constituted by the Government for “Preparing a roadmap to reduce the dependency on import in energy by 10% by 2021-22”. The report submitted by Committee was accepted by the Government which envisages five-pronged strategy, broadly comprising of increasing domestic production of oil and gas, promoting energy efficiency and conservation measures, giving thrust on demand substitution, capitalizing untapped ...