Government of India has issued the Public Procurement (Preference to Make in India) Order,2017 as amended on 16/09/2020 to encourage “Make in India” and promote manufacturing and production of goods and services in India with a view to enhancing income and employment. This Order is applicable to all Ministries, Departments, attached or subordinate offices and autonomous bodies controlled by the ...
Read More »Yearly Archives: 2021
Industrial Corridor Projects
Government of India is developing various Industrial Corridor Projects as part of National Industrial Corridor Programme which is aimed at development of greenfield industrial cities in India in order to compete with the best manufacturing and investment destinations in the world. National Industrial Corridor Development & Implementation Trust (NICDIT) has been constituted for unified development of Industrial Corridors in the ...
Read More »Steps taken by the Government to achieve the target of augmentation of coal production capacity
Government has taken the following steps to achieve the target of augmentation of coal production capacity: 1. Single Window Clearance System has been launched. 2. Guidelines for procedure and approval of mining plan has been simplified. 3. Auctioning of coal mines for commercial sale of coal started. 4. Regular review and monitoring of allocated coal mines in the past. 5. ...
Read More »National Coal Index
Ministry of Coal has started Commercial Auction of coal mines on revenue share basis. In order to arrive at the revenue share based on market prices of coal, one National Coal Index (NCI) was conceptualized. The NCI is a price index which reflects the change of price level of coal on a particular month relative to the fixed base year. ...
Read More »Reforms in Coal Sector
The Mineral Laws (Amendment) Act, 2020 was enacted to amend the Coal Mines (Special Provisions) Act, 2015 [CMSP Act] and the Mines and Minerals (Development and Regulation) Act, 1957 [MMDR Act]. The amendments in the Acts enabled following. (i) Allocation of coal blocks for composite prospecting license-cum-mining lease which will help in increasing of the inventory of coal, lignite blocks ...
Read More »Esic Dispensaries and Hospitals
The Total number of hospitals and dispensaries, including Dispensary cum Branch Office (DCBO), run directly by the Employees’ State Insurance Corporation (ESIC) across the country, are 49 and 92 respectively. The list of the number of ESI beneficiaries state wise including the state of Punjab is given below: The ESI Corporation has decided to provide access to non-insured persons/ common ...
Read More »DGGI Gurugram arrests man for fraudulently availing input tax credit of more than Rs 69 crore
The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one Shei Surender Kumar Gupta resident of New Delhi on charges of availing and passing on fake input tax credit by way of receipt/issuance of invoices without any actual supply of goods or services. It is apparent from the investigation conducted till date, that Shri Surender ...
Read More »THEATRE LEVEL OPERATIONAL READINESS EXERCISE (TROPEX 21) INDIAN NAVY’S LARGEST WAR GAME
Indian Navy’s largest war game – the biennial Theatre Level Operational Readiness Exercise (TROPEX 21) – which commenced in early January, is currently underway with participation of all operational units of Indian Navy including ships, submarines, aircraft as well as units of the Indian Army, Indian Air Force and Coast Guard. The exercise will culminate by third week of February. ...
Read More »CCI approves acquisition by Bank of India (BOI) of BOI AXA Investment Managers Private Limited and BOI AXA Trustee Services Private Limited
The Competition Commission of India (CCI) approves acquisition by Bank of India (“BOI”) of BOI AXA Investment Managers Private Limited (“BOIAXA IM”) and BOI AXA Trustee Services Private Limited (“BOIAXA TS”) under Section 31(1) of the Competition Act, 2002, today. The proposed combination involves the acquisition of 49 % of the total share capital of BOI AXA IM & BOI ...
Read More »CCI approves subscription to securities of Ecom Express Private Limited by CDC Group plc.
The Competition Commission of India (CCI) approves subscription to securities of Ecom Express Private Limited by CDC Group plc. The proposed combination envisages subscription tosecurities of Ecom Express Private Limited(Ecom) by CDC Group plc. (CDC). CDCis a Development Finance Institution, wholly owned by the UK Government, which provides capital to private sector entrepreneurs in developing countries. Ecom, a company incorporated ...
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