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Monthly Archives: May 2020

CCI invites public comments regarding examination of non-compete restrictions under regulation of combinations

The Competition Commission of India (CCI) has been looking at non-compete restrictions stipulated in mergers and acquisitions while reviewing combinations. Notifying parties are required to furnish information on non-compete restrictions for the purpose of its examination. The CCI has issued a Guidance Note explaining the circumstances under which a non-compete restriction would be regarded as ‘ancillary’ or ‘not ancillary’. The ...

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India Potash Limited to cut the price of Muriate of Potash from Rs 19000 per MT to Rs17500 per MT

India Potash Limited (IPL),  has decided to cut the price  of Muriate of Potash from the present level of Rs.19000 per MT to 17500 per MT i.e a reduction of  Rs. 75 per bag w.e.f  18th may 2020. Muriate of potash, also known as potassium chloride is essential for plant growth and quality. It plays a vital role in the ...

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Government to bring out new Industrial Policy-Capt. D. S. Mishra

“The covid – 19 Outbreak has taught us a lot of things but still it is a pandemic. No. of people getting affected by it is increasing day by day but Odisha Government is taking all necessary actions to contain this pandemic & for safety of our people also towards the stability of our economy” assured here by Shri Dibya ...

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Finance Minister announces short term and long-term measures for supporting the poor, including migrants, farmers, tiny businesses and street vendors

Hon’ble Prime Minister announced a Special economic and comprehensive package of Rs 20 lakh Crore – equivalent to 10% of India’s GDP on 12th May 2020. He gave a clarion call for Aatmanirbhar Bharat or Self-Reliant India Movement. He also outlined five pillars of Aatmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.Announcing the 2nd Tranche of measures to ameliorate ...

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Index Numbers of Wholesale Price in India (Base: 2011-12=100) for April, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Wholesale price Index (WPI) for the month of April, 2020. In view of the limited transactions of products in the wholesale market in the month of April, 2020, due to spread of Covid-19 pandemic, it has been decided to release the Price Movement of selected ...

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KVIC comes forward to hand-hold local production

The Khadi and Village Industries Commission (KVIC) has geared up to Prime Minister Shri Narendra Modi’s call to become “vocal for local” and further making it “global”. A day after the Prime Minister’s appeal for encouraging local products, the KVIC issued a slew of guidelines to expedite the implementation of projects under the flagship program PMEGP. KVIC Chairman, Shri Vinai ...

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Finance Minister announce measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19

During the press conference here today, Union Minister of Finance & Corporate Affairs Smt. NirmalaSitharaman said in her opening remarks that Prime Minister Shri NarendraModihad laid out a comprehensive vision in his address to the Nation yesterday. She further said that after spending considerable time, the Prime Minister has himself ensured that inputs obtained from widespread consultationform a part of ...

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PM Modi announces special economic package worth Rs 20 lakh crore to kick-start economy

Prime Minister Shri Narendra Modi addressed the nation today. Recalling those who have died battling the pandemic, Prime Minister said that the crisis that has emerged due to COVID-19 is unprecedented, but in this battle, we not only need to protect ourselves but also have to keep moving forward. Talking about the pre and post COVID worlds, Prime Minister observed ...

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Amid lockdown HIL (India ) limited eying big orders from African countries

Despite enormous logistic and other challenges posed by COVID-19 lockdown, HIL (India) limited, a PSU under Department of Chemicals & Petrochemicals, Ministry of Chemicals and Fertilizers, is making all efforts to ensure adequate supply of insecticides to   farmer community in the country and at the same time eying big export orders of DDT from African countries. HIL  has written letter ...

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Quick Estimates of Index of Industrial Production and Use-Based Index for the month of March, 2020 (Base 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) is released on 12th of every month (or previous working day) with a six weeks lag and compiled with data received from source agencies, who in turn receive the data from the producing factories/establishments. In view of the global COVID-19 pandemic and consequent nationwide lockdown measures implemented since March, 2020, the data ...

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