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Monthly Archives: January 2021

OPTCL INKS MOU WITH IIT BHUBANESWAR

Odisha Power Transmission Corporation Limited today signed an MoU with Indian Institute of Technology, Bhubaneswar for establishment of OPTCL Chair position in IIT Bhubaneswar in presence of Minister Energy,Govt. of Odisha Sri Dibya Shankar Mishra. Present on the occasion were Dr. Saurabh Garg, IAS Chairman OPTCL and Prof. R.V Rajakumar, Director, IIT, Bhubaneswar, Sri Sanjeev Singh,MD of OPTCL, Sri Trilochan ...

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First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2019-20

The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2019-20 along with Second Revised Estimates for the financial year 2018-19 and Third Revised Estimates for the financial year 2017-18 (with Base Year 2011-12) as per the revision policy*. Earlier ...

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KVIC Distrubutes Charkha, Looms, Garment Machines to 2250 Artisans in West Bengal to Boost Local Employment

Khadi and Village Industries Commission (KVIC) rolled out a massive employment drive benefitting 2250 artisan families in Malda district of West Bengal on Friday. Aiming to create sustainable livelihood opportunities in the state, KVIC Chairman Shri Vinai Kumar Saxena distributed 1155 new model charkhas, 435 Silk Charkhas, 235 readymade garment making machines, 230 modern looms and 135 reeling basins to ...

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Consumer Price Index for Industrial Workers (2016=100) – December, 2020

All-India CPI for Industrial Workers (2016=100) for December, 2020 decreased to 118.8 points compared to 119.9 points for November, 2020. In percentage terms, it went down by 0.92% w.r.t. previous month mainly due to Food group items having a share of 39.17% in the total weight which recorded a fall of 3.16% between these two months. During the period, decrease ...

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Index of Eight Core Industries (Base: 2011-12=100) for December, 2020

The Office of The Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Index of Eight Core Industries for the Month of December, 2020. 2. The combined Index of Eight Core Industries stood at 133.8 in December,2020, which declined by 1.3 (provisional) per cent as compared to the Index of December, 2019.Its cumulative growth during April to ...

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14th BSM conducted by Spices Board in FY 2020-21, covering Chili and Turmeric

India is the world’s largest exporter of chili and turmeric, the exports of which have recorded a steady progress, over the years. During 2019-20, India exported 4,84,000 tonnes of chili and chili products valued at Rs.6211.70 crores which contributed to more than 40 per cent in volume and 29 per cent in value of India’s total spice exports. Turmeric held ...

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India is expected to witness current account surplus after a gap of 17 Years

Covid-19 pandemic has triggered the worst global recession in 2020 since the Great Depression; the adverse economic impact is, however, expected to be lesser than initially feared. The resulting economic crisis has led to a sharp decline in global trade, lower commodity prices and tighter external financing conditions with varying implications for current account balances and currencies of different countries. ...

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India must continue to focus on Economic Growth to Alleviate Poverty: Economic Survey 2020-21 “Given India’s stage of development, India must continue to focus on economic growth to lift the poor out of poverty by expanding the overall pie.” Laying a clear cut emphasis on economic growth, the Economic Survey 2020-21 was tabled by the Union Minister for Finance & ...

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Economic Survey Strongly recommends increase in public health spending from 1% to 2.5-3% of GDP

The Economic Survey 2020-21 has strongly recommended an increase in public spending on healthcare services from 1 percent to 2.5-3 percent of GDP, as envisaged in the National Health Policy 2017. It notes that this can significantly reduce the Out-of-Pocket-Expenditure (OOPE) from 65 per cent to 35 per cent of the overall healthcare spend. The Union Minister for Finance & ...

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India’s GDP is Estimated to Contract by 7.7 Per Cent in FY2020-21

India’s real GDP to record a growth of 11 per cent in 2021-22 and nominal GDP by 15.4 per cent-the highest since independence. The V-shaped economic recovery is supported by the initiation of a mega vaccination drive with hopes of a robust recovery in the services sector and prospects for robust growth in consumption and investment. The Union Minister for ...

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