Production of 100 Million Tonnes of Steel per year and 50% of its value addition in Odisha by the year 2030 calls for a comprehensive action plan Govt of India contemplates to produce 300 Million Tonnes of steel in India by 2030. This will help achieving an economy of 5 trillion US dollars from the present 2.75 trillion US dollars. ...
Read More »Yearly Archives: 2021
Finance Minister Smt. Nirmala Sitharaman assures industry of Government’s support; Industry should wait & watch to assess the situation
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, here today urged the industry to wait and watch for next few days to assess the situation amid the second wave of COVID-19 pandemic. The Finance Minister also assured the industry of full government support. Addressing the FICCI National Executive Committee Members through virtual mode, Smt. Sitharaman said that with ...
Read More »India has witnessed tremendous growth of 727% for Wheat export and 132% for (Non-Basmati) Rice export during 2020-21
India has consistently maintained trade surplus in the agricultural products over the years. India’s agricultural and allied exports during 2019-20 were Rs. 2.52 lakh Crores and imports were Rs. 1.47 lakh Crores. Even, during the difficult time of Pandemic, India took care not to disturb the world food supply chain and continued to export. The export of Agri and allied commodities ...
Read More »e-invoices cross 39.81 Crores in Six months
GST e-invoice system, the game changer in the GST system, has successfully completed journey of six months. During this period more than 39.81 Crores e-invoices have been generated by 88,000+ suppliers. There are more than 47 lakh recipients involved in these transactions, who will be receiving Input Tax Credits easily. On 31st March 2021, 37.42 Lakh e-Invoices are generated which is ...
Read More »1,23,902 crore gross GST revenue collected in the month of March 2021
The gross GST revenue collected in the month of March 2021 is at a record of ₹ 1,23,902 crore of which CGST is ₹ 22,973 crore, SGST is ₹ 29,329 crore, IGST is ₹ 62,842 crore (including ₹ 31,097 crore collected on import of goods) and Cess is ₹ 8,757 crore (including ₹ 935 crore collected on import of goods). The government has settled ₹ 21,879 crore to ...
Read More »India’s merchandise imports in March 2021 were USD 48.12 billion as compared to USD 31.47 billion in March 2020an increase of 52.89%;
India’s merchandise exports in March 2021 were USD 34.0 billion as compared to USD 21.49 billion in March 2020, anincrease of 58.23%.Exports during April-March2020-21 were USD 290.18 billion, as compared to USD 313.36 billion during the same period of last year, exhibiting a negative growth of 7.40%. India’s merchandise imports in March 2021were USD 48.12 billion as compared to USD ...
Read More »Exchange rate notification No. 40/2021 – Customs (N.T.)
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.31/2021-Customs(N.T.), dated 18th March, 2021 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of exchange of conversion of each of ...
Read More »Consumer Price Index for Industrial Workers (2016=100) – February, 2021
Key Points All-India Consumer Price Index for Industrial Workers (2016=100) for February, 2021 increased to 119.0 points compared to 118.2 points for January, 2021. In percentage terms, it went up by 0.68% w.r.t. previous month mainly due to Food & Beverages, Fuel & Light and Miscellaneous groups. During the period, increase in prices of items like ...
Read More »Improvement in Passenger Safety
Railway projects are sanctioned/executed Zonal Railway wise and not State-wise, as Indian Railways network spans across various State boundaries. Railway tracks are replaced through track renewal works which is an ongoing process. Track renewal works are undertaken as and when a stretch of track becomes due for renewal on the basis of criteria laid down in the Indian Railway Permanent ...
Read More »Business done by Hindustan Aeronautics Limited (HAL)
Business done by HAL in last ten years is as under:- Rs. In Crore Particulars 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Revenue from Operations 13124 14211 14328 15135 15730 16758 17950 18519 20008 21438 Profit before tax 2839 3328 3497 3578 3172 3207 3583 3240 3742 3928 The list of defence equipment manufactured by HAL is ...
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