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Monthly Archives: March 2021

Quick Estimates of Index of Industrial Production and use-based Index for the Month of January, 2021 (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 January 2021, the Quick Estimates of Index of ...

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35 Space startups and industries are in consultation with ISRO for development of satellites, launch vehicles, develop applications, provide space based services: DrJitendra Singh

Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said that Government of India announced reforms for opening up the space sector to private entities by creation of the Indian National Space Promotion and Authorization Center (IN-SPACe) under the Department of Space. In a ...

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Performance of Government-Owned Steel Companies

There are two steel manufacturing Public Sector Undertakings (PSUs) under the administrative control of Ministry of Steel, namely, Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL).  The revenue generated by SAIL and RINL during the last five years is given at Annexure-I. The steel industry witnessed severe downturn globally with demand slowdown, overcapacity, cheaper imports, variations in ...

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Modernisation of Railway Stations

Upgradation/modernization/beautification of stations on Indian Railways is a continuous and on-going process. Presently, Railway stations are upgraded/modernized under ‘Adarsh’ Station Scheme based on identified need of providing better enhanced passenger amenities at stations. Under ‘Adarsh’ Station Scheme, 1253 stations have been identified for development, out of which 1201 stations so far have been developed. The remaining 52 stations are planned ...

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Oil and Gas Reserves in the Country

Status of Oil & Gas Reserves (2P) of the Country as on 01.04.2020 is as under:- Oil, MMT* Oil-Initially in-Place(OIIP) Estimated Ultimate Recovery(EUR) Balance Recoverable Reserves 6973.91 1967.33 493.26 Gas, BCM# Gas Initially in-Place(GIIP) Estimated Ultimate Recovery(EUR) Reserves (2P) 3974.41 2299.69 1080.42 * MMT- Million Metric Tonnes; # BCM- Billion Cubic Meter Total consumption of petroleum products and natural gas in the ...

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Production Linked Incentive Scheme

Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22. These 13 sectors includes already existing 3 sectors named (i) ...

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Make in India and Startup India

Make in India is an initiative which was launched on September 25, 2014, to facilitate investment, foster innovation, building best in class infrastructure, and making India a hub for manufacturing, design, and innovation. The development of a robust manufacturing sector continues to be a key priority of the Indian Government. It was one of the first ‘Vocal for Local’ initiatives ...

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378 SEZs are presently notified, out of which 265 are operational

The Special Economic Zones (SEZs) policy was launched in April, 2000.  The Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 which received Presidential assent on the 23rd of June, 2005.  The SEZ Rules, 2006 came into effect on 10th February, 2006. The salient features of the SEZ scheme are:- A designated duty free enclave to be treated as ...

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Tariff Notification No. 28/2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), ...

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GST compensation shortfall released to States reaches Rs. 1.06 lakh crore

The Ministry of Finance, Department of Expenditure has released the 19th weekly instalment of Rs. 2,104 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 2,103.95 crore has been released to 7 States and an amount of Rs. 0.05 crore has been released to the Union Territory of Puducherry. Till now, 96 percent ...

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