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Yearly Archives: 2020

Defence PSUs, OFB pitch in to fight against COVID-19

Defence Public Sector Undertakings (DPSUs) and Ordnance Factory Board (OFB) of Ministry of Defence (MoD) have pitched in to shore up the national fight against COVID-19. The OFB has planned for 280 isolation beds across 10 hospitals spread over six states in the country. They are located at Vehicle Factory Jabalpur, Metal and Steel Factory Ishapore (West Bangal), Gun and ...

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MSME Technology Centres Contributing in A Big Way in Fight Against COVID19

The country right now is fighting with novel corona virus at many levels. Eighteen operational Technology centres, autonomous bodies under Ministry of Micro, Small and Medium Enterprises (MSME), are also playing their role and contributing in the fight with COVID19. Central Footwear Training Institute (CFTI) Chennai procured and installed hot sealing machine for job work of sealing masks and Medical ...

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MoFPI continues to engage with concerned departments to resolve issues of food processing industry: Harsimrat Kaur Badal

MoFPI will continue to engage with concerned departments to resolve issues raised by the industry, said Smt. Harsimrat Kaur Badal, Union Minister of Food Processing Industries. FPI Minister held 2nd video conference with major industry associations including FICCI, CII, ASSOCHAM, PHDCCI and others on 4th April 2020 to discuss suggestions on interventions required by the government for development of Food Processing sector ...

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CPSEs under the Ministry of Steel Pay Tax Dues under Vivad Se Vishwas scheme

Several Central Public Sector Enterprises (CPSEs) under the  Ministry of Steel have made payment of  due tax to the government  under Vivad Se Vishwas scheme by 31st March 2020. Government  initiated Vivad Se Vishwas scheme with the objective of  reducing income tax pending litigation,  generate timely revenues for the Government and  help taxpayers to end their tax disputes with the department by paying disputed ...

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RBI Allowed Banks to Declare Moratorium on Term Loans

Last week, the Reserve Bank of India has allowed Banks to declare a three-month moratorium on all term loans outstanding as on March 1, 2020, as well as on working capital facilities. The Indian Banks Association has answered a list of Frequently Asked Questions about the technicalities of the moratorium. QUESTION 1: When/what was the RBI announcement? ANSWER: Last week, the Reserve Bank of ...

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CCI approves Joint Venture between Adani Green Energy Limited and Total S.A. in power generation through solar energy in India

The Competition Commission of India (CCI) approves formation of Joint Venture between Adani Green Energy Limited and Total S.A. in the business of power generation through solar energy in India. The proposed combination envisages Adani Green Energy Limited transferring certain of its subsidiaries to a newly incorporated company (JV). Subsequently, Total S.A. would directly or indirectly acquire 50% of the ...

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34 lakh transactions effected through POSB and 6.5 lakh transactions through IPPB till date during lockdown period

 During the lockdown period as on 31.03.2020, 34 lakh transactions were effected through POSB (Post Office Savings Bank) and 6.5 lakh transactions were effected through IPPB(India Post Payments Bank). Around 2 lakh accountable mails including speed post registered letters, parcels and money-orders were delivered. Mobile Post Offices are functioning in various circles like Kerala, Telengana, Uttar Pradesh, Delhi and some ...

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NALCO clocks all time high production of bauxite and alumina amidst corona crisis

National Aluminium Company Limited (NALCO), the Navratna CPSE, under Ministry of Mines, Govt. of India and country’s leading manufacturer and exporter of alumina and aluminium has recorded an all-round success in bauxite and alumina productions in the Fiscal 2019-20.  It may be mentioned that with more than 100% capacity utilization, NALCO’s Panchpatmali Mines has achieved bauxite production of 73.02 lakh ...

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Index of Eight Core Industries for February, 2020

1.       The summary of the Index of Eight Core Industries (base: 2011-12=100) is given at the Annexure. 2.       The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 132.9 in February 2020, which increasedby 5.5per centas compared to the index ...

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Foreign Trade Policy 2015-2020 extended for one year;

The Union Commerce and Industry Ministry today announced changes in the Foreign Trade Policy (FTP) of Government of India. The present Policy which came into force on 1st April, 2015, is for 5 years and has validity upto 31st March, 2020. In view of the unprecedented current situation arising out of the pandemic Novel COVID-19, the Govt. has decided to continue relief ...

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