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Monthly Archives: January 2021

Tripartite agreement signed between MECL, RSMML and DMG for harnessing Potash in Rajasthan

A tripartite agreement was signed between Mineral Exploration Corporation Limited (MECL), Rajasthan State Mines & Minerals Limited (RSMML) and the Department of Mines & Geology (DMG), Govt. of Rajasthan for taking up feasibility studies of Solution Mining of Potash in the state of Rajasthan. The MoU was signed virtually in the presence of Union Minister for Coal, Mines & Parliamentary Affairs Shri ...

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Successful Flight Test of Smart Anti Airfield Weapon

In yet another milestone, DRDO successfully conducted captive and release trial of indigenously developed Smart Anti-Airfield Weapon (SAAW) from Hawk-I of Hindustan Aeronautics Limited (HAL) off the Odisha coast on 21 January 2021. The smart weapon was successfully test fired from Indian Hawk-Mk132 of HAL. This was the 9th successful mission of SAAW conducted by DRDO till now. It was ...

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Spices Board conducts Buyer Seller Meet for small cardamom The spice recorded maximum growth in the first half of current fiscal

The Queen of Spices, small cardamom, is known the world over because of its pleasant aroma and taste. Kerala is the largest producer of small cardamom in the country, with Tamil Nadu and Karnataka being other producers. The export of small cardamom showed an upward trend during the first half of 2020-21, with a volume of 1900 MT valued at ...

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Approval accorded under PLI Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/ Drug Intermediates and APIs

The Applications of following companies, which have committed more than the minimum proposed annual production capacities and fulfil the prescribed criteria have been approved under Production Linked Incentive (PLI) Scheme for Promotion of Domestic Manufacturing of critical Key Starting Materials (KSMs)/Drug Intermediates and Active Pharmaceutical Ingredients (APIs) in the country:   S.No. Name of approved Applicant Name of Eligible Product Committed Production ...

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Exchange Rate Notification No.05/2021–Customs (N.T.)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.03/2021-Customs(N.T.), dated 7thJanuary, 2021 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of the foreign currencies ...

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CCI approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in Max Life Insurance Company Limited

The Competition Commission of India (CCI) approves the acquisition of stake by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited in Max Life Insurance Company Limited. Axis Bank Limited provides services in retail banking, which includes retail lending and retail deposits, wholesale banking, payment solutions, wealth management, forex and remittance products, distribution of mutual fund schemes and distribution ...

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CCI approves acquisition of a minority stake in Aditya Birla Fashion and Retail Limited (ABFRL) by Flipkart Investments Private Limited

The Competition Commission of India (CCI) approves acquisition of a minority stake in Aditya Birla Fashion and Retail Limited (ABFRL) by Flipkart Investments Private Limited (FIPL). FIPL is a newly incorporated company and is a wholly owned subsidiary of Flipkart Private Limited (FPL). FPL belongs to the Walmart Group, which comprises Walmart Inc. (Walmart) and its affiliates. The Walmart Group ...

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TRAI releases “Indian Telecom Services Performance Indicator Report” for the Quarter ending July – September 2020

Telecom Regulatory Authority of India (TRAI), a statutory authority under Department of Telecommunications, Ministry of Communications, has released today the “Indian Telecom Services Performance Indicator Report” for the Quarter ending 30th September, 2020. This Report provides a broad perspective of the Telecom Services in India and presents  the key parameters and growth trends of the Telecom Services as well as ...

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Coal India arms NCL, CCL and WCL get the Coal Minister’s Award 2020

Union Minister of Coal & Mines ShriPralhad Joshi presented “Coal Minister’s Award” tothree coal companies of Coal India Ltd. – Northern Coalfields Ltd (NCL), Central Coalfields Ltd (CCL) and Western Coalfields Ltd (WCL) in a function held in New Delhi today. The award has been instituted to promote best and sustainable practicesfor coal mining in the country. Shri Joshi also ...

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NITI Aayog Releases Report on Faecal Sludge and Septage Management in Urban Areas: Service and Business Models

NITI Aayog on Tuesday released a book on faecal sludge and septage management in urban areas. Jointly developed with National Faecal Sludge and Septage Management (NFSSM) Alliance, the book presents 27 case studies across 10 states and various service and business models adopted by Indian cities while implementing faecal sludge and septage management (FSSM) initiatives. The book was released by ...

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