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Monthly Archives: September 2021

Cabinet approveslisting of Export Credit Guarantee Corporation Ltd.through the Initial Public Offer on the stock Exchange

The Cabinet Committee on Economic Affairs chaired by the Hon’ble Prime Minister, Shri Narendra Modi has given approval for listing of M/s. Export Credit Guarantee CorporationLtd. (ECGC), an unlisted CPSE through the Initial Public Offer (IPO) on the Stock Exchange under the SEBI’s (Issue of Capital and Disclosure Requirements) Regulations, 2018. ECGC Limited is a wholly-owned CPSE of Government of ...

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2.82 crore households have been electrified since the launch of SAUBHAGYA

2.82 crore households have been electrified since the launch of SAUBHAGYA. These figures are till March 31st of this year.  As of march 2019, 2.63 crore willing un-electrified households in rural and urban areas of the country were provided electricity connections in a record time of 18 months. Subsequently seven states- Assam, Chhattisgarh, Jharkhand, Karnataka, Manipur, Rajasthan and Uttar Pradesh reported that ...

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Coir Industry proliferates and flourishes in non-conventional regions

Coir Board was set up under the Coir Industry Act, 1953 by the Government of India for the overall sustainable development of coir industry in the Country. The functions of the Board as laid down under the Act include undertaking, assisting and encouraging scientific, technological and economic research, modernization, quality improvement, human resource development, market promotion and welfare of all ...

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KVIC Set up Odisha’s First Silk Yarn Production Centre to Boost Local Silk Industry & Create Employment

For hundreds of years, Odisha has been known for its exquisite Silk, particularly the Tussar variety, which provides livelihood to thousands of tribal people, particularly women. But the Silk weavers in the state were totally dependent on states like West Bengal, Jharkhand and Karnataka for the Silk yarn, which increased the cost of the Silk fabric. However, Khadi and Village ...

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Government Notifies PLI Scheme for Automobile & Auto components

The Government has issued Notification regardingProduction Linked Incentive (PLI) Scheme for Automobile & Auto components. The PLI Scheme for Automobile & Auto components and its Guidelines have been notified in the Gazette of India on 23.09.2021. Earlier government approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industryon 15.09.2021. The PLI Scheme for the auto sector envisages ...

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Gross Direct Tax collections for the Financial Year (FY) 2021-22 register a growth of 47%

The figures of Direct Tax collections for the Financial Year 2021-22, as on 22.09.2021 show that net collections are at Rs. 5,70,568 crore, compared to Rs. 3,27,174 crore in the corresponding period of the preceding Financial Year i.e FY 2020-21, representing an increase of 74.4%. The net collection (as on 22.09.2021) in FY 2021-22 has registered a growth of 27% over FY 2019-20 when the net collection was Rs. ...

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MoU signed between Zoological Survey of India and the Natural History Museum of United Kingdom

The Zoological Survey of India(ZSI), Kolkata and the Natural History Museum (NHM), London have been working together over many years on mutually beneficial projects focused on the study of the fauna of India, and to recognize this long-standing relationship, and to promote its continuance for many years into the futurea Memorandum of Understanding between the two great Institutions, was formally ...

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Union Chemicals & Fertilizers Minister Shri Mansukh Mandaviya presents ICC Annual Awards for the Year 2020

Union Minister for Health and Family Welfare and Chemicals & Fertilizers Shri Mansukh Mandaviya today presented the ICC (Indian Chemical Council) Annual Awards for the year 2020 in a virtual ceremony. He also launched the latest Edition of the Members Directory. This edition of the Directory contains detailed information of all the members of the council. Congratulating the recipients of ...

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Competition Commission penalises beer companies for indulging into cartelisation

The Competition Commission of India (‘CCI’) passed a final order against three beer companies, namely United Breweries Limited (‘UBL’), SABMiller India Limited (now renamed as Anheuser Busch InBev India Ltd. after being acquired by Anheuser Busch InBev SA/NV) (‘AB InBev’) and Carlsberg India Private Limited (‘CIPL’) for indulging in cartelisation in the sale and supply of beer in various States and Union ...

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Gadkari says Government has been at the forefront in supporting the industry by re-aligning its policies towards creating a business-friendly and hassle-free environment

Union Minister for Road Transport and Highways Shri Nitin Gadkari has said that the Government has been at the forefront in supporting the industry by re-aligning its policies towards creating a business-friendly and hassle-free environment. Addressing a Webinar on “Ease of Business for Driving Investment in Roads and Highways Sector” he said we are passing through a very challenging time, both on ...

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