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Yearly Archives: 2020

Government working with RBI on Industry’s need for loan restructuring: Finance Minister Smt. Nirmala Sitharaman

The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman today said that the government is working with RBI on the Industry’s need for the restructuring of loans due to the COVID-19 impact. While addressing the National Executive Committee Meeting (NECM) of the Federation of Indian Chambers of Commerce and Industry (FICCI), Smt. Sitharaman said, “The focus is on restructuring. Finance ministry is ...

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INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR JUNE, 2020

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Index of Eight Core Industries for the Month of June, 2020. 2.    The growth rate of Index of Eight Core Industries for June 2020 declined by 15.0 % (provisional) compared to decline of 22.0 % (revised) in previous month of May 2020. Its cumulative growth ...

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Commercial Coal Mining will start new era of development in Chhattisgarh: Pralhad Joshi

Commencement of commercial coal mining will start new era of growth & development in Chhattisgarh, said Union Minister of Coal and Mines Shri Pralhad Joshi. Interacting with media during his visit to Chhattisgarh, Shri Joshi said that it will create around 60,000 additional employment for the people of the State. He added that under commercial coal mining the state will fetch minimum Rs. 4,400 ...

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Government of India encouraging start-ups in the field of agriculture for enhancing income of farmers and providing employment opportunities to youth – Union Agriculture and Farmers’ Welfare Minister 

Agriculture Ministry is funding start-ups under the innovation and agripreneurship component of Rashtriya Krishi Vikas Yojana In the first phase, 112 startups in the area of agro processing, food technology and value addition will be funded for a sum of Rs. 1185.90 lakhs The Union Government accords very high priority to the agriculture sector. In order to contribute directly and ...

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15th Finance Commission’s HLEG on Agricultural Exports submits report

The High Level Group (HLEG) on Agricultural Exports set up by the Fifteenth Finance Commission to recommend measurable performance incentives for States to encourage agricultural exports and to promote crops to enable high import substitution, has submitted its report to the Commission today. After intensive research and consultations and taking inputs from stakeholders and the private sector through intensive consultations, ...

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Tariff Notification No. 65/2020-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient so to do, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), ...

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Piyush Goyal inaugurates CII National Digital conference on Ease of Doing Business for Atmanirbhar Bharat

Commerce and Industry Minister Shri Piyush Goyal today said that the Government is committed to policy simplification and asked for industry’s feedback and cooperation. Inaugurating CII National Digital conference on Ease of Doing Business for Atmanirbhar Bharat today, the Minister emphasized that a single window system for industrial approvals will soon be in place. He urged both industry and government to ...

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Demise of Any Coal India Employee Due to Covid 19 Will Be Treated as Accidental Death: Shri Pralhad Joshi 

Death of Coal India employees due to Corona Pandemic will be treated as accidental death and the kins of employee will get the same financial benefits as they get in the case of accidental death during duty, said Union Minister of Coal and Mines Shri Pralhad Joshi. Interacting with media in Ranchi on his one day visit to Jhakhand, Shri ...

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RCF Crosses Rs. 200 Crore Mark In Cumulative Sales of Its Industrial Products in the Current Financial Year on 27th July 2020

Despite the COVID-19 challenging situation Rashtriya Chemicals and Fertilizers Ltd. (RCF) a Public  Sector Undertaking under the Ministry of Chemicals and Fertilizers has been successful in keeping its operations running and has crossed the milestone of Rs. 200 Crore in sales of its Industrial Products in the current Financial year 2020-21  up to 27th July 2020 . As per a ...

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CCI approves proposed acquisition of 49% of the total equity share capital of Odisha Power Generation Corporation Limited (OPGC) by Adani Power Limited (APL)

The Competition Commission of India (CCI) approves proposed acquisition of 49% of the total equity share capital of Odisha Power Generation Corporation Limited (OPGC) by Adani Power Limited (APL). The proposed transaction relates to the acquisition of 49% of the total equity share capital of OPGC by APL (Proposed Combination). APL, is a public listed company and its shares are ...

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