Home » 2021 » February (page 3)

Monthly Archives: February 2021

QUICK ESTIMATES OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF DECEMBER, 2020 (BASE 2011-12=100)

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments. 2.   For the month of December 2020, the Quick Estimates of Index of ...

Read More »

Running of Local/Intra-State Trains

Indian Railways neither operate train services nor maintain data pertaining to passenger  booking on State-wise basis as the  railway network straddles across various State boundaries. Prior to cancellation of regular passenger carrying services w.e.f. 23.03.2020, Indian Railways operated approximately 3635 passenger train services per day and 5881 suburban trains services per day. The Zone-wise detail of average monthly passenger booked during ...

Read More »

FDI inflows in food processing sector increase from USD 628.24 Million in 2018-19 to USD 904.7 Million in 2019-20

The Government has put in place a liberal and transparent policy for attracting Foreign Direct Investment (FDI), wherein most of the sectors are open to FDI under the automatic route. The intent is to make the FDI policy more investor friendly and remove the policy bottlenecks that have been hindering the investment inflows into the country. 100% FDI is permitted ...

Read More »

Projects approved under the component schemes of PMKSY

The Ministry of Food Processing Industries (MoFPI) provides financial assistance in the form of Grant-in-Aid to the individuals, farmers, Farmer Producer Organizations (FPOs), Entrepreneurs, Cooperatives, Societies, Self Help Groups (SHGs), Private Companies and Central/ State PSUs etc. for setting up of food processing industries/ units/ projects. Financial assistance to eligible applicants is provided as per the Scheme guidelines and against ...

Read More »

15th 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 15th 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 (Delhi, Jammu & ...

Read More »

IRDAI advises all Insurance companies for issuance of Digital Insurance Policies via DigiLocker

IRDAI (Insurance Regulatory Authority of India) in a Circular dated 9th February, 2021, has advised all Insurance companies for issuance of Digital Insurance Policies via DigiLocker. The Circular states, “in order to promote the adoption of Digilocker in the insurance sector, the Authority advises all insurers to enable their IT systems to interact with Digilocker facility to enable policyholders to ...

Read More »

Control and Regulation of e-Commerce Platform

Considering the cross-cutting nature of e-Commerce, different laws and regulations across sectors govern the present e-Commerce activities, some of which are; Consumer Protection Act, 2019, Finance Act 2020, Information Technology Act, 2000, Foreign Exchange Management Act, 2000 and Competition Act, 2002. In terms of providing a regulatory framework, the Competition Act, 2002, provides for preventing practices, which may have an ...

Read More »

Decline in core sector output

After a steep decline in April 2020, the overall growth rate of industrial production of eight core industries started showing signs of recovery, thereafter.  The sector-wise and month-wise details of growth rate in the eight core industries since March 2020 are at Annex. The sudden outbreak of COVID-19 has severely impacted some of the major economies of the world, viz. USA, ...

Read More »

Agri Export Policy

The Government introduced a comprehensive Agriculture Export Policy in December 2018, with the following objectives: To diversify our export basket, destinations and boost high value and value added agricultural exports, including focus on perishables. To promote novel, indigenous, organic, ethnic, traditional and non-traditional Agri products exports. To provide an institutional mechanism for pursuing market access, tackling barriers and dealing with ...

Read More »

Scheme for Traders

A number of schemes have been launched for supporting traders. Details of Schemes for supporting Traders are given as under: 1. National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons Ministry of Labour & Employment has launched “National Pension Scheme for Traders, Shopkeepers and Self-Employed Persons” on 12.09.2019. It is a voluntary and contributory pension scheme. Enrolment to the scheme is ...

Read More »
WP2Social Auto Publish Powered By : XYZScripts.com