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Monthly Archives: November 2021

Impressive back-to-back profits pushes NALCO’sNet Profit to Rs.1095cr at half-yearlymark, Net Profit of Q2 FY 21-22 jumps by 600% over Q2 of last year

National Aluminium Company Limited (NALCO) registered a handsome rise in net profit for Q2 FY 21-22 at Rs 748 crore,posting a jump of 600% over Rs 107 crore achieved during corresponding period of last year. This is one of the strongest performance in a decade, with Net Profit soaring to Rs.1095 crore at half-yearly stage. The net profit has soared ...

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7 States meet the target for capital expenditure upto Q-2 of 2021-22 Get permission to mobilise additional Rs. 16,691 crore

Seven States namely, Chhattisgarh, Kerala, Madhya Pradesh, Meghalaya, Punjab, Rajasthan and Telangana have achieved the target set by the Ministry of Finance for the capital expenditure upto 2nd Quarter of 2021-22. As an incentive, these States have been granted permission by the Department of Expenditure on Friday to borrow an additional amount of Rs.16,691 crore. The additional open market borrowing permission ...

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National Internet Exchange of India establishes dedicated “Customer -Care Unit” (24×7)

National Internet Exchange of India (NIXI) has taken a new initiative by establishing out a customer focused unit – “Customer-Care Unit,” which will facilitate the interaction of customers with all its Business units. This team will support the customer queries (24×7) for all the operations. NIXI has three businesses, viz. — Internet Exchange, Dot IN Registry, and IRINN and all ...

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Ministry of Corporate Affairs and IEPFA further simplify IEPFA Claim Settlement Process towards Ease of Doing Business and Ease of Living

In a major step towards the mission and vision of Government of India of Ease of Living and Ease of Doing Business, Ministry of Corporate Affairs (MCA) has further simplified claim settlement process through rationalization of various requirements under Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. For claimants, requirement of Advance Receipt has been ...

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India will witness one of the fastest growth rates across the world – Shri Goyal

The Minister for Commerce & Industry, Textiles, Consumer Affairs and Food & Public Distribution, Shri Piyush Goyal today said FDI in India has been growing rapidly over the last few years. “We have today become an attractive and preferred destination for investments,” said Shri Piyush Goyal, while addressing the 4th edition of the India-Korea Business Partnership Forum organised by CII-KITA. Shri ...

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Trade must grow in a mutually beneficial and collaborative way- Shri Goyal

The Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today said that COVID-19 highlighted that supply chains should not only be based on cost but also on trust. He opined that ensuring transparent, trustworthy and resilient supply chains is at the core of trade revival and added that India emerged as a ...

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India has Made Massive gains in nationwide Power Supply in Last 6 Years

India had a massive power deficit of -16.6% in 2007-08. Even in 2011-12, it was -10.6 %. Through the multi pronged, comprehensive and aggressive interventions of the government, this deficit is near about wiped out, consistently over the last 3 years: -.4% In 2020-21, -.7% in 2019-20 and -.8% in 2018-19. The current year, up till October, it has been ...

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Over 1700 consignments of uncleared or seized hazardous goods safely disposed from Customs areas between January 2021 and October 2021

   As part of Government’s continuing commitment to public safety, the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman recently reviewed the progress made by the Indian Customs in the safe disposal of imports, that are hazardous in nature and which remain uncleared or have been seized or confiscated. The disposal of all types of uncleared or unclaimed ...

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LEADS report to push healthy competition for improvement in logistics development among States – Shri Piyush Goyal

The Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal today said that the inputs given by Logistics Ease Across Different States Report 2021 can lead the way to bring down logistics cost by 5% over the next 5 years. He was addressing the gathering after the release of the LEADS Report in ...

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