Upgradation/modernization/beautification of stations on Indian Railways is a continuous and on-going process. Presently, Railway stations are upgraded/modernized under ‘Adarsh’ Station Scheme based on identified need of providing better enhanced passenger amenities at stations. Under ‘Adarsh’ Station Scheme, 1253 stations have been identified for development, out of which 1201 stations so far have been developed. The remaining 52 stations are planned ...
Read More »Yearly Archives: 2021
Oil and Gas Reserves in the Country
Status of Oil & Gas Reserves (2P) of the Country as on 01.04.2020 is as under:- Oil, MMT* Oil-Initially in-Place(OIIP) Estimated Ultimate Recovery(EUR) Balance Recoverable Reserves 6973.91 1967.33 493.26 Gas, BCM# Gas Initially in-Place(GIIP) Estimated Ultimate Recovery(EUR) Reserves (2P) 3974.41 2299.69 1080.42 * MMT- Million Metric Tonnes; # BCM- Billion Cubic Meter Total consumption of petroleum products and natural gas in the ...
Read More »Production Linked Incentive Scheme
Keeping in view India’s vision of becoming ‘Atmanirbhar’ and to enhance India’s Manufacturing Capabilities and Exports, an outlay of INR 1.97 lakh crore has been announced in Union Budget 2021-22 for PLI schemes for 13 key sectors for a period of 5 years starting from fiscal year (FY) 2021- 22. These 13 sectors includes already existing 3 sectors named (i) ...
Read More »Make in India and Startup India
Make in India is an initiative which was launched on September 25, 2014, to facilitate investment, foster innovation, building best in class infrastructure, and making India a hub for manufacturing, design, and innovation. The development of a robust manufacturing sector continues to be a key priority of the Indian Government. It was one of the first ‘Vocal for Local’ initiatives ...
Read More »378 SEZs are presently notified, out of which 265 are operational
The Special Economic Zones (SEZs) policy was launched in April, 2000. The Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 which received Presidential assent on the 23rd of June, 2005. The SEZ Rules, 2006 came into effect on 10th February, 2006. The salient features of the SEZ scheme are:- A designated duty free enclave to be treated as ...
Read More »Tariff Notification No. 28/2021-Customs (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.
In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), ...
Read More »GST compensation shortfall released to States reaches Rs. 1.06 lakh crore
The Ministry of Finance, Department of Expenditure has released the 19th weekly instalment of Rs. 2,104 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 2,103.95 crore has been released to 7 States and an amount of Rs. 0.05 crore has been released to the Union Territory of Puducherry. Till now, 96 percent ...
Read More »Nitin Gadkari Inaugurates Two-day Workshop on Implementation of Clusters under SFURTI in New Delhi
Union Minister for Micro, Small and Medium Enterprises, Shri Nitin Gadkari inaugurated a two-day Workshop on implementation of traditional artisan clusters under Scheme of Fund for Regeneration of Traditional Industries (SFURTI) at the Dr. Ambedkar International Centre in New Delhi on Tuesday. Minister of State for MSME, Shri Pratap Chandra Sarangi was also present on the occasion. Shri Gadkar inaugurated ...
Read More »India’s EV Financing Industry Projected to be Worth Rs 3.7 Lakh Crore in 2030
NITI Aayog and Rocky Mountain Institute (RMI) India released a new report ‘Mobilising Electric Vehicle Financing in India’, which highlights the role of finance in the India’s transition to electric vehicles (EVs) and analyses that the transition will require a cumulative capital investment of USD 266 billion (Rs 19.7 lakh crore) in EVs, charging infrastructure, and batteries over the next ...
Read More »MoU signed for Paradeep Plastic Park between IOCL and IDCO
Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) today signed an agreement and a Memorandum of Understanding (MOU) to developParadip Plastic Park. The MoU was signed on a hybrid mode, in the presence of Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan, Shri Naveen Patnaik, Chief Minister of Odisha and other dignitaries. Addressing ...
Read More »