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Monthly Archives: December 2021

ECONOMY OF ODISHA – A 360 GLANCE

Reforms serve as the tools which enable Odisha Government to meet organizational challenges creating opportunities to make the process of governance suitable for changing environment. Odisha with its pristine beauty and glorious culture has emerged as a leading state of the nation. The economy of Odisha which has been forced to be reduced to 4.92 percent in 2020 -2021 financial ...

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Average LPG refill consumption of PMUY beneficiaries

The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written reply to a question in the Rajya Sabha today informed that the State/UT-wise details of average refill consumption of Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries for the year 2018-19, 2019-20 and 2020-21 are at Annexure. The Government has taken several steps to encourage better consumption of LPG by ...

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New Market to Maximise the Sales of Steel by SAIL and RINL

Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) are focused on maximising sales through existing and new markets with continuous efforts to improve upon the customer services.  SAIL has set up a country wide network of 4 regional offices, 37 Branch Offices, 41 Distributors and over 3340 Dealers to market their products.  The distribution network of ...

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Rs 4,55,069 crore collected as taxes and cess on petrol and diesel in 2020-21

The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written reply to a question in the Rajya Sabha today informed that the details of contribution of petroleum sector to Central exchequer during the last five years are given below: Rs./Crores             Particulars 2016-17 2017-18 2018-19 2019-20 2020-21 Contribution to Central Exchequer   3,35,175   3,36,163 ...

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Safe Trade Policy

Countries including India, party to the World Trade Organization (WTO) are obliged to follow the rules and regulations of international trade under WTO Agreements, including the Most-Favoured Nation (MFN) clause. WTO also provides scope to derogate under specific conditions including National Security provisions. Accordingly, the Export policy of Govt. of India is framed within such parameters. For exports from 01.01.2021, ...

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Import of Low –ash- Coal

Demand of coal is higher than the current level of domestic supply of coal in the country. The entire demand of coal is not met from domestic production as the supply of high quality coal /coking coal (low-ash-coal) in the country is limited and thus no option is left but to resort to import of coking coal. Further, coal imported ...

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Amendment of the Minerals (Evidence of Mineral Contents) Rules, 2015 and the Mineral (Auction) Rules, 2015 to facilitate identification of mineral blocks for auction for grant of Composite Licence

Ministry of Mines has notified the Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021 and the Mineral (Auction) Fourth Amendment Rules, 2021 to amend the Minerals (Evidence of Mineral Contents) Rules, 2015 [MEMC Rules] and the Mineral (Auction) Rules, 2015 [Auction Rules], respectively. The amendment rules have been framed after extensive consultations with the State Governments, industry associations, miners, ...

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CCI approves acquisition of shareholding in Sterling and Wilson Renewable Energy Limited by Reliance New Energy Solar Limited

The Competition Commission of India (CCI) approves acquisition of shareholding in Sterling and Wilson Renewable Energy Limited by Reliance New Energy Solar Limited. The proposed combination envisages acquisition of 40% of the equity share capital of Sterling and Wilson Renewable Energy Limited (formally known as Sterling and Wilson Solar Limited) (SWREL) by Reliance New Energy Solar Limited (RNESL). However, acquisition ...

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IMPORT DATA

The details of India’s overall (merchandise and services) imports along with percentage change from 2009-10 to 2021-22 are as given in the table below: Years Value of Overall Imports (in US$ Billion) 2009-10 348.40 2010-11 450.32 2011-12 567.55 2012-13 571.50 2013-14 528.95 2014-15 529.61 2015-16 465.64 2016-17 480.21 2017-18 583.11 2018-19 640.14 2019-20 602.98 2020-21 511.96 April-October, 2020 250.44 April-October, ...

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FOREIGN DIRECT INVESTMENT

During the last seven financial years, Foreign Direct Investment (FDI) inflows worth US$ 440.26 billion have been reported in India. FDI inflow in India stood at US$ 45.15 billion in 2014-2015 and has increased since then. The financial year wise details are as under: S. No. Financial Year Amount of FDI inflows (in US$ billions) 1. 2014-15 45.15 2. 2015-16 ...

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