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Monthly Archives: February 2020

Public Enterprises Survey 2018-19 Tabled in Parliament

Total Paid up Capital in all CPSES as on 31.3.2019 Stood at Rs. 2,75,697 Crore Registering a Growth of 8.55% Financial Investment in all CPSES Stood at rs.16,40,628 Crore Recording a Growth of 14.65% The Public Enterprises Survey -2018-19 was tabled in both the Houses of Parliament today. The Department of Public Enterprises (DPE), Ministry of Heavy Industries & Public ...

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Rising Demand of Oil

As per World Energy Outlook 2019 published by International Energy Agency, India’s oil demand in total primary energy is projected to increase from 233 Million tonne of oil equivalent (Mtoe) in 2018 to 305 Mtoe in 2025, whereas China’s oil demand is projected to increase from 593 Mtoe in 2018 to 672 Mtoe in 2025. Government has taken several steps ...

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Coal stocks at power plants increase by 77% to 34.25 MT: Pralhad Joshi

Coal stocks at power plants peaked to 34.25 million tonnes on January 26, equivalent to 19 days’ consumption, and up by 77% as against 19.36 million tonnes, equivalent to 12 days’ consumption at the same time last year. “Thrust has been also given to augment coal supplies to non-power sector by holding regular auction for coal linkages where the consumers ...

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73.47 Lakh  Candidates Trained Under Pradhan Mantri Kaushal Vikas Yojana (PMKVY)

Under the Skill India Mission, Ministry of Skill Development and Entrepreneurship is implementing a flagship scheme called the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 2016-20 with an objective to provide skilling to one crore youth under Short Term Training (STT) courses and Recognition of Prior Learning (RPL) across the country in a four years period i.e. 2016-2020. Under PMKVY (2016-20), ...

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Environment friendly Production of Steel

The Indian steel industry has over the years, undertaken cost effective and environment friendly production of steel through adoption of state-of-the-art technologies and research. The Indian steel industry is addressing the energy & environment issues through the adoption of energy efficient & environment friendly technologies in the plants through technological upgradation/modernisation/expansion. These measures undertaken by the Indian steel industry have ...

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977 Steel Plants in the country

The total number of steel plants in the country is 977.  In the public sector, work is currently going on in NMDC Steel Plant in Nagarnar, Chhattisgarh which is a Greenfield steel plant. Steel is a deregulated sector where market forces and commercial considerations decide construction of new steel plants. The import of steel has increased marginally in the last ...

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KEY HIGHLIGHTS OF UNION BUDGET 2020-21

Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures. The Key Highlights of Union Budget 2020-21 are as follows: Three prominent themes of the Budget Aspirational India – better standards of living ...

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100 more Airports to be developed by 2024 to support UDAAN Scheme

Union budget proposes Rs. 22000 Crore for Power and Renewable Energy sector in Current FY National Gas Grid to be expanded from the present 16200 km to 27000 km Government to consider corporatizing at least one major port and its listing on stock exchanges Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman, while presenting the Union Budget 2020-21, ...

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FM Announces NIRVIK Scheme for Exporters in Union Budget 2020-21

The Finance Minister, Nirmala Sitharaman, announced the NIRVIK scheme in the Union Budget 2020-21 in Parliament today. It will provide high insurance cover for exporters and reduce premium for small exporters. To achieve higher export credit disbursement, a new scheme NIRVIK is being launched which provides for high insurance cover, reduction in premium for small exporters and simplified procedures for ...

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FM Announces Setting up of Investment Clearance Cell to Provide “End-To-End” Facilitation and Support to Youth

Sovereign Wealth Fund of Foreign Governments in Priority Sectors to Get100% Tax Exemption in Interest, Dividend and Capital Gains Income Encourages Manufacture of Mobile Phones, Electronic Equipment and Semi-Conductor Packaging The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, has said that entrepreneurship has always been the strength of India and our young men and women have been contributing ...

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