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Monthly Archives: January 2021

India’s response to S 301 Report of U.S. on Equalisation Levy

The U.S. The administration had announced the initiation of an investigation under section 301 of the U.S. Trade Act, 1974 against the taxation on digital services adopted or under consideration by countries, including the Equalisation Levy applied by India. Other counties under investigation include Italy, Turkey, and United Kingdom. With respect to India, the focus of the investigation was on ...

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NCLT approves NHPC’s Resolution Plan for Jalpower Corporation Limited

National Company Law Tribunal (NCLT), Hyderabad bench approved NHPC’s Resolution Plan for taking over Jalpower Corporation Limited (JPCL) as going concern vide its order dated 24.12.2020 and uploaded the same on its website on 07.01.2021. JPCL was executing 120 MW Rangit Stage-IV Hydroelectric Project in Sikkim. The Company is currently undergoing Corporate Insolvency Resolution Process (“CIRP”) which was initiated on April ...

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Collector Appreciates JSPL Foundations for Women Empowerment Initiatives

Collector and District Magistrate of Angul MrSiddharth Shankar Swain, IAS visited the Jeevika Kendra (Women Livelihood Center) set up by JSPL Foundation, the CSR Arm of Jindal Steel & Power Ltd (JSPL) at Village BadaMahitala under Chhendipada Block. The Collector visited different units such as mushroom spawn making, mushroom cultivation, Herbal spa products, Jute product manufacturing, low cost sanitary napkin ...

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NALCO to invest Rs.30,000 crores for expansion and business diversification: Union Mines Minister Shri Pralhad Joshi

It is indeed commendable that NALCO, which started with a modest investment way back in 1981 continues its leadership position with excellent performance for more than four decades. Forty glorious years of sustainable growth reflects the fact that NALCO has matured in the business cycle and now exponential growth and expansion will take this CPSE to the next level of ...

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Spices Board of India and DBT-SABC Biotech KISAN hub, in partnership with key stakeholders prepare a roadmap to boost export of coriander & minimize import to increase farmers’ income

The Spices Board of India and DBT-SABC Biotech Kisan Hub in collaboration with ICAR-NRCSS, RSAMB and Kota Agriculture University organized the World of Coriander webinar ‘Accelerating Quality Production, Post-Harvesting, Value Addition & Export of Coriander from India’ on 4th January 2020, with participation of more than hundred key stakeholders from various states. The Hadoti region of South-East Rajasthan and Guna district ...

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We must take forward our journey to build ‘Brand India’ and make production & services extremely efficient & effective in delivery: Shri Goyal

Minister of Commerce & Industry, Railways, Consumer Affairs and Food & Public Distribution Shri Piyush Goyal today said that Quality & Productivity are going to be two very important legs on which the future of Indian industry stands. Addressing a webinar of Udyog Manthan, he said that we must take forward our journey to build ‘Brand India’ and make production & services ...

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Department of Chemicals and Petrochemicals setting up six Plastic Parks in the country

Department Of Pharmaceuticals: Various activities undertaken by DoP in the wake of outbreak of COVID-19: In the wake of outbreak of COVID-19, Department of Pharmaceuticals has taken the following measures in the interest of the public health: Department of Pharmaceuticals (DoP) held a series of meetings on 31st January, 2nd, 3rd and 6th February with all relevant stakeholders to assess the domestic availability ...

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Freight figures continue to maintain the high momentum in terms of earnings and loading in the month of December 2020 for Indian Railways

Freight figures continue to maintain the high momentum in terms of earnings and loading in the month of December 2020 for Indian Railways. On mission mode, Indian Railways’ Freight loading for the month of December 2020 crossed last year’s loading and earnings for the same period. In the month of December 2020, Indian Railways loading was 118.13 million tonnes which ...

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INDIA’S MERCHANDISE TRADE Preliminary Data for December 2020

India’s merchandise exports in December 2020 was USD 26.89 billion, as compared to USD 27.11 billion in December 2019, a marginal fall of 0.80%. Exports during April-December 2020-21 were USD 200.55 billion, as compared to USD 238.27 billion during the same period last year, exhibiting a negative growth of 15.8%. India’s merchandise imports in December 2020 were USD 42.60 billion, ...

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