Coal mining operations have some impact on environment in terms of change in land use pattern, dust, air, water and noise pollution. It is mandatory for all projects of CIL to get the Environmental Management Plan (EMP) approved by the competent authority before commencing the mining operations. A detailed Environment Impact Assessment (EIA) is carried out for each project considering ...
Read More »Monthly Archives: July 2021
Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 on 14th July, 2021. The amendment regulations enhance the discipline, transparency, and accountability in corporate insolvency proceedings: A.A corporate debtor (CD) may have changed its name or registered office address prior to commencement of insolvency. ...
Read More »India emerges as 5th largest forex reserves holder in the world with $608.99 billion as on June 25, 2021
With India’s forex reserves at $608.99 billion as on June 25, 2021 stood, India has emerged as the fifth largest foreign exchange reserves holder in the world after China, Japan, Switzerland and Russia. This was stated by Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in the Lok Sabha today. The Minister stated ...
Read More »104 startups from different sectors have currently on boarded on the Startup India Showcase Platform
Startup India Showcase is an online discovery platform for the most promising startups of the country. These innovations span across various cutting-edge sectors such as Fintech, EntrepriseTech, Social Impact, HealthTech, EdTech, among others. Ecosystem stakeholders have evaluated, nurtured, and supported these startups. These startups are solving critical problems and have shown exceptional innovation in their respective sectors. https://www.startupindia.gov.in/startup-india-showcase#/ Features of ...
Read More »Total Steel Production Capacity in the Country at Present is 143.91 Million Tonnes
The total steel production capacity of the country at present is 143.91 million tonnes. The details of units engaged in steel production, both in Public and Private Sector are enclosed as Annexure. As per Indian Mineral Yearbook, 2019 published by Indian Bureau of Mines, there were 254 reporting mines in 2018-19, out of which 35 mines were in the Public Sector ...
Read More »10.78 Million Ton Total Finished Steel Exported in 2020-21
Details of export of finished steel as compared to imports is given as follows: – (in Million Ton) Year Total Finished Steel Import Export 2020-21 4.75 10.78 April-June, 2021* 1.16 3.56 *Provisional, Source: Joint Plant Committee (JPC) Steel is a de-regulated sector. Commercial decisions such as exports are taken by the steel companies. The details ...
Read More »Government launches National Logistics Excellence Awards
With a view to turn the spotlight on the logistics sector, the Government today announced the launch of National Logistics Excellence Awards. The framework of awards has been finalised in consultation with the logistics associations and forum user industry partners. The awards are in two categories, the first group includes logistics infrastructure/service providers and second one is for various user ...
Read More »Government approves continuation of Rebate of State and Central taxes and Levies (RoSCTL) on Export of Apparel/ Garments and Made-ups
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval for continuation of Rebate of State and Central taxes and Levies (RoSCTL) with the same rates as notified by Ministry of Textiles vide Notification dated 8th march 2019, on exports of Apparel/Garments (Chapters-61 & 62) and Made-ups (Chapter-63) in exclusion from Remission of Duties and Taxes ...
Read More »Cabinet approves scheme for promotion of flagging of merchant ships in India by providing subsidy support to Indian shipping companies in global tenders floated by Ministries and CPSEs
In order to achieve the objective of Atmanirbhar Bharat, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a scheme to provide Rs.1624 crore over five years as subsidy to Indian Shipping companies in global tenders floated by Ministries and CPSEs for import of government cargo in the following manner: For a ship which is flagged in India ...
Read More »Steel Minister Shri Ram Chandra Prasad Singh holds the performance review meeting of RINL, MSTC, KIOCL AND MOIL
Union Minister of Steel Shri Ram Chandra Prasad Singh,along with Shri Faggan Singh Khulaste, MoS,today reviewed the activities and performance of RINL & its subsidiaries- BSLC & OMDC, MSTC & its subsidiary FSNL, KIOCL and MOIL. CMD, RINL made a presentation regarding its physical and financial performance, major ongoing projects, important initiatives, areas of concern and the way forward. Steel ...
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