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Monthly Archives: August 2022

SAIL Declares Q1 Results for Financial year 2022-23, Posts more than 16% Growth in Revenue from Operations Over CPLY

Steel Authority of India Limited (SAIL) posted its financial performance for the first quarter of the current financial year 2022-23 (Q1 FY 23). The company saw a growth of 16.4% in its revenue from operations in Q1 FY23 over corresponding period last year. SAIL also recorded the best ever Q1 production.     Performance of Q1 FY 23 at a ...

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Total Coal Production Goes up by 11.37 % to 60.42 Million Ton in July

The overall coal production has increased by 11.37% to 60.42 million ton (MT) from 54.25 MT during July, 2022 as compared to July 2021. As per the provisional statistics of the Ministry of Coal, during July this year Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL) and captive mines/others registered a growth of 11.12% and 44.37% by producing 47.33 ...

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80% of India’s honey exports is to United States

To harness the export potential of honey in line with Prime Minister Narendra Modi’s vision of a ‘sweet revolution’ through promotion of beekeeping and allied activities, Government has planned to organize a series of events across the country in collaboration with state governments and farmers. One such event is scheduled to be organized by APEDA, Ministry of Commerce and Industry, ...

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India’s overall exports (Merchandise and Services) for July 2022 records a positive growth of 11.51 per cent over the same period last year

India’s overall exports (Merchandise and Services combined) in July 2022* are estimated to be USD 61.18 Billion, exhibiting a positive growth of 11.51 per cent over the same period last year. Overall imports in July 2022* are estimated to be USD 82.22 Billion, exhibiting a positive growth of 42.90 per cent over the same period last year. Table 1: Trade ...

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13,92,265  electric vehicles are presently running on the roads of India

A total of 13,92,265 Electric Vehicles (EVs) are being used on the roads of India as on 3rdAugust, 2022 as per the information received from Ministry of Road Transport and Highways. The details are as under: Sl. No. Vehicle Category No. of electric vehicles 1 Two Wheeler 5,44,643 2. Three Wheeler 7,93,370 3. Four wheeler and above 54,252 Grand Total ...

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POLICY MEASURES TO SUPPORT FOOD PROCESSING SECTOR

The Government has taken various policy measures and reforms to support food processing sector as indicated below: Inclusion of food & agro-based processing units and cold chain as agricultural activity under Priority Sector Lending (PSL) norms in April 2015. As a measure towards of ease of doing business, the Food Safety and Standards Authority of India (FSSAI) through notifications in ...

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FOOD PROCESSING SECTOR’S CONTRIBUTION IN GDP

The contribution of the food processing sector has increased continuously with Gross Value Added (GVA) in food processing sector from Rs.1.34 lakh crore in 2014-15 to Rs. 2.37 lakh crore in 2020-21 at a Compound Annual Growth Rate (CAGR) of 9.97%. The Ministry of Food Processing Industries(MoFPI) implements various schemes with an objective of overall growth and development of the ...

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Medical Device Parks

The Department implements the scheme “Promotion of Medical Devices Parks”, with a total financial outlay of Rs. 400 crore and the maximum assistance under the scheme for one Medical Device Park would be limited to Rs. 100 crore. The tenure of the scheme is from FY 2020-2021 to FY 2024-2025 and the selected Medical Device Park project will be implemented ...

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Uniform Code of Pharmaceutical Marketing Practices

The Government has put in place a Uniform Code for Pharmaceutical Marketing Practices (UCPMP) for Pharmaceutical companies, which is in operation since 01.01.2015, to prevent unethical practices by the pharmaceutical companies. This code governs the conduct of pharmaceutical companies in their marketing practices, duly covering the various aspects such as medical representatives, textual and audio-visual promotional materials, samples, gifts, etc. ...

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Pharmacopoeia Commission for Indian Medicine

The Government of India has established Pharmacopoeia Commission for Indian Medicine & Homoeopathy (PCIM&H), as a subordinate office under Ministry of Ayush by merging Pharmacopoeia Commission of Indian Medicine & Homoeopathy (PCIM&H) and the two central laboratories namely Pharmacopoeia Laboratory for Indian Medicine (PLIM), Ghaziabad and Homoeopathic Pharmacopoeia Laboratory (HPL) vide gazette dated 6th July, 2020). The Commission is engaged ...

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