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Yearly Archives: 2020

KVIC launches Sandalwood and Bamboo plantation, a new initiative to spur monetization of its assets

The Khadi and Village Industries Commission (KVIC), in a first of its kind initiative has begun exploring the untapped but highly profitable venture of sandalwood and bamboo tree plantation for monetization of its assets. Seeking to encourage commercial plantation of sandalwood and bamboo, the KVIC has begun a drive with plantation of 500 saplings each of sandalwood and bamboo at ...

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Decline in Arctic sea ice does not sound good for the environment, warns NCPOR

TheNationalCentreofPolarandOceanResearch(NCPOR) has foundadramaticdeclinein the Arcticseaice due to globalwarming.Thedeclineofseaicehasledtolocalized increase in evaporation, air humidity, cloud cover, and rainfall. Arctic sea ice is a sensitive indicator of climate change and has strong retaliatory effects on other components of the climatesystem. In its observations, NCPOR has noted that the largest decline in Arctic sea ice in the past 41 years happened in July ...

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Gravel geometry of the Indus river unravel its paleoclimatic history

 Researchers from Wadia Institute of Himalayan Geology (WIHG), Dehradun, an autonomous institute under the Department of Science and Technology, Govt. of India, have traced the paleoclimatic history of the Indus River in Ladakh Himalaya with the help of geometric data from overlapping gravels of channel fills. They studied the discharge during periods in which the river experienced an increase in land elevation, ...

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India prepares for a change in Electricity sector through Proposed Electricity (Amendment) Bill 2020

Shri R. K Singh, the Minister of State (i/c) for Power & MNRE , today, held a Press Meet through Video Conferencing and underlined the importance of proposed reforms in the power sector, dispelling doubts and misinformation. He stated that the reforms are steps in the direction of making the sector consumer centric as we are all here to serve ...

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Dharmendra Pradhan inaugurates Product Application and Development Centre at Paradip, Odisha;

Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan along with the Chief Minister of Odisha Shri Naveen Patnaik today inaugurated a Product Application & Development Centre (PADC) setup by Indian Oil at Paradip, through video conference. PADC has been setup by IndianOil at Paradip with a capex of Rs 43 crores, adjacent to its Refinery and Petrochemicals ...

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Enhanced Import Duty on Bamboo Sticks to give a big boost to Agarbatti and Bamboo Industries in India: KVIC

he Central Government’s decision to increase import duty on bamboo sticks from 10% to 25% will open up new avenues of self-employment in the country. Welcoming the decision in a statement issued today, Khadi & Village Industries Commission(KVIC)  has  said that, in the next 8-10 months, at least one lakh new jobs will be created in the Agarbatti industry, a ...

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Cabinet approves Upward revision of MSME definition and modalities/ road map for implementing remaining two Packages for MSMEs (a)Rs 20000 crore package for Distressed MSMEs and (b) Rs 50,000 crore equity infusion through Fund of Funds

In line with Government of India’s top focus on energising MSMEs in the country, a special meeting of Cabinet Committee on Economic Affairs (CCEA) was convened under the Chairmanship of Prime Minister Shri Narendra Modi, here today, which approved the upward revision of MSME definition and modalities/ road map for laying down effective implementation mechanism for the remaining two announcements ...

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Piyush Goyal interacts with the captains of the Pharmaceutical industry and Associations

The Commerce and Industry Minister Shri Piyush Goyal today interacted with the captains of the Pharmaceutical industry, and Office-bearers of the Pharma Associations, through the Video Conference. The meeting was attended by the Ministers of State Shri H.S.Puri and Shri Som Parkash, Secretaries of the Department of Commerce, and Pharmaceuticals, and Officers from Departments of Commerce, Pharmaceuticals and Health. During ...

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Commerce and Industry Minister Shri Piyush Goyal holds meeting with the industry and trade associations

Union Minister of Commerce and Industry Shri Piyush Goyal today held meeting, through Video conference, with the industry and trade associations. This was the fifth such meeting since the lockdown with the associations, to assess the impact of Covid-19 lockdown and subsequent relaxations on their activities, and take note of their suggestions to put the economy back on tracks. The ...

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Government is exploring new financial lending institutions to support small-scale units – Shri Nitin Gadkari

Union Minister for MSME and Road Transport and Highways, Shri Nitin Gadkari today said that the government is exploring new financial lending institutions to support small-scale units in terms of financial support. Shri Gadkari said that government is working towards strengthening the NBFCs which will help small businesses to avail easy credit in the coming time. He was speaking at ...

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