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Yearly Archives: 2020

Cabinet approves adoption of methodology for auction of coal & lignite mines/blocks on revenue sharing basis

Tenure of Coking Coal linkage in the non-regulated sector linkage auction increased upto 30 years   The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the methodology for auction of coal and lignite mines/blocks for sale of coal / lignite on revenue sharing basis and increasing the tenure of coking coal linkage. This methodology provides that ...

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Envisages 10 MW grid connected solar project and various solar off-grid applications like solar trees, solar drinking water kiosks, etc

The Ministry of New and Renewable Energy (MNRE) has taken up the Complete Solarisation of Konark sun temple and Konark town in Odisha. Speaking about the Scheme, Shri R K Singh, MoS(i/c) for Power and MNRE has said, “Government of India launched the Scheme with an objective to take forward the Prime Minister’s vision to develop the historical Sun temple ...

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Relief package announced by Union Government for different sectors and new MSME definition will give huge boost to industry: Shri Gadkari

Union Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has said that the relief package announced by the Union Government for different stakeholders/sectors including MSME, labour, agriculture etc. and the new definition of MSMEs will give huge boost to industry. He called for exploring the rating of MSMEs and asked the participants to give suggestions for effective ...

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Borrowing limit of states increased from 3% to 5%; Public sector to be open for private players: FM

Presentation of details of 5th Tranche announced by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman under Aatmanirbhar Bharat Abhiyaan to support Indian economy in fight against COVID-19 Please click here for PPT

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Finance Minister announces Government Reforms and Enablers across Seven Sectors under Aatma Nirbhar Bharat Abhiyaan

In her opening remarks during the 5th Press Conference here today on stimulus package to fight COVID-19 under Aatma Nirbhar Bharat Abhiyaan, the Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman referred to the vision laid out by Prime Minister Shri Narendra Modi in his address to the Nation on 12th May 2020. Quoting the Prime Minister, Smt. Sitharaman said that ...

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Sitharaman announces structural reforms in 8 sectors to build self reliant India

Finance Minister Nirmala Sitharaman unveiled structural reforms for various sectors to help build a self-reliant India under the Atma Nirbhar Bharat Campaign, today Policy Reforms to fast-track Investment – Effort towards AtmanirbharBharat Fast track Investment Clearance through Empowered Group of Secretaries (EGoS). Project Development Cell in each Ministry to prepare investible projects, coordinate with investors and Central/ State Governments Ranking ...

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ARCI scientists develop next-generation biodegradable metal implants

The team is certain that the newly developed alloys are suitable for biodegradable stent and orthopedic implant applications Scientists at the International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI) and Sree Chitra Tirunal Institute of Medical Sciences, Thiruvananthapuram both autonomous institutes under the Department of Science & Technology (DST) have jointly developed new generation Iron-Manganese based alloys ...

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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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