Foreign Direct Investment (FDI) is a major driver of economic growth and an important source of non-debt finance for the economic development of India. It has been the endeavor of the Government to put in place an enabling and investor friendly FDI policy. The intent all this while has been to make the FDI policy more investor friendly and remove ...
Read More »Monthly Archives: January 2021
Cabinet approved Minimum Support Price of Copra for 2021 season
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has given its approval for the Minimum Support Price (MSP) of copra for 2021 season. The MSP for Fair Average Quality (FAQ) of milling copra has been increased,by Rs.375/-, to Rs. 10335/- per quintal for 2021 season from Rs. 9960/- per quintal in 2020. The MSP for ...
Read More »Green tax to be imposed on older vehicles soon, to clean up the environment by phasing out unfit and polluting vehicles
The Union Minister for Road Transport and Highways Sh. Nitin Gadkari has approved a proposal to levy a “Green Tax” on old vehicles which are polluting the environment. The proposal will now go to the states for consultation before it is formally notified. The main principles to be followed while levying the Green Tax are : Transport vehicles older than ...
Read More »National Baseline Geoscience Data Generation Programmes (2020-2024)
To expedite exploration activities in the country, Geological Survey of India (GSI), has embarked upon an ambitious scheme to complete some major National level surveys by 2024: National Geochemical Mapping (NGCM), National Geophysical Mapping (NGPM), National Aero Geophysical Mapping Program (NAGMP). GSI is also going to adopt sophisticated deep penetration geophysical techniques such as Magneto-Telluric Surveys and Deep Seismic Reflection ...
Read More »13th Instalment of Rs.6,000 crore released to the States to meet the GST compensation shortfall
The Ministry of Finance, Department of Expenditure has released the 13th weekly instalment of Rs. 6,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs. 483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly ...
Read More »Projects of Rs.10,657 crore in 27 States have been approved so far under the “Scheme for financial assistance to States for capital projects”
Madhya Pradesh has become the first State to get additional funds for capital projects for successfully carrying out reforms in various citizen-centric areas. The Department of Expenditure, Ministry of Finance has allocated additional Rs.660 crore to the State for capital expenditure for undertaking the One Nation, One Ration Card Reforms, Ease of Doing Business Reforms, and Urban Local Bodies Reforms. ...
Read More »JSPL Launches Primary Eye Health Services for Truck Drivers
Leading Steelmaker of India Jindal Steel & Power Ltd (JSPL) rolled out a programme for providing primary eye health services for the truck drivers in its Angul integrated steel plant, to begin with. The programme envisioned by the Chairman of JSPL Mr Naveen Jindal was inaugurated by the Chairperson of JSPL Foundation MsShallu Jindal at Angul today. The programme was ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »