Government e Marketplace has closed this financial year with ₹ 4 lakh crore in Gross Merchandise value (GMV) – doubling its GMV clocked at the end of previous Fiscal Year. This testifies to the portal’s unique digital capabilities and functionalities that have facilitated greater efficiency, transparency, and seamlessness in public procurement. The procurement of Services through the GeM portal has ...
Read More »Monthly Archives: March 2024
CCI approves 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited
The Competition Commission of India (CCI) has approved 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited. The Adani Power Limited (Acquirer), a part of the Adani Group, is a company incorporated under the laws of India. The Acquirer is engaged in the business of thermal power generation in India. The Acquirer operates its thermal power plants across multiple ...
Read More »Combined Index of Eight Core Industries increases by 6.7% (provisional) in Feb 2024 as compared to Index of Feb 2023
The combined Index of Eight Core Industries (ICI) increased by 6.7per cent (provisional) in February 2024 as compared to the Index of February 2023. The production of Coal,Natural Gas,Cement, Steel, Crude Oil,ElectricityandRefinery Productsrecorded positive growth in February 2024. The details of annual and monthly indices and growth rates are provided at Annex I andAnnex II respectively. The ICI measures the combined ...
Read More »Decline in Share of Coal Import
There has been a reduction in the share of coal import in the total coal consumption in the country. The share of coal import declined to 21% during April 2023 to January 2024, which was 22.48% during the corresponding period of previous year. There has been a reduction of 36.69% in the volume of coal imported for blending by thermal ...
Read More »Highest monthly merchandise exports, in the current FY so far, recorded in February 2024. India’s merchandise exports in February 2024 stands at USD 41.40 Billion; an increase of 11.86% over USD 37.01 Billion in February 2023
India’s overall exports (Merchandise and Services combined) in February 2024* is estimated to be USD 73.55 Billion, exhibiting a positive growth of 14.20 per cent over February 2023. Overall imports in February 2024* is estimated to be USD 75.50 Billion, exhibiting a positive growth of 10.13 per cent over February 2023. Table 1: Trade during February 2024* February ...
Read More »NTPC Group crosses 400 Billion Units (BU) of power generation in 2023-24, surpassing electricity generated in previous year
NTPC Group has crossed the mark of 400 Billion Units (BU) of total electricity generation in the current financial year, on 13th March, 2024. During FY 2022-23, the company had generated 399.3 BU. This milestone has been achieved with an average Plant Loading Factor (PLF) of 77.06% for NTPC’s coal stations, till 13th March, 2024 in the current financial year. Earlier during ...
Read More »Ministry of Mines Launches Third Tranche of Auction of Critical and Strategic Minerals
The third tranche of E-auction of Critical & Strategic Minerals was launched by the Ministry of Mines today i.e., 14th March 2024. A total of 7 critical mineral blocks are being put up for auction as composite license in this 3rd Tranche. These 7 mineral blocks are auctioned under second attempt of auction as per sub-rule 10 and sub-rule 11(b) of rule ...
Read More »Index Numbers of Wholesale Price in India for the Month of February, 2024 (Base Year: 2011-12)
The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 0.20% (Provisional) for the month of February, 2024 (over February, 2023). Positive rate of inflation in February, 2024 is primarily due to increase in prices of food articles, crude petroleum & natural gas, electricity, machinery & equipment and motor vehicles, trailers & semi-trailers etc. The ...
Read More »One More Coking Coal Mine Auctioned on Third Day of Auctions On third day of auctions under 9th round and 8th round of commercial coal mine auctions, 1 mine was put up for auction. The coal mine is partially explored coking coal mine. The total geological reserve for the coal mine is 200 Million Tonnes. Including today’s auction, a total of 4 coking coal mines have ...
Read More »Department of Pharmaceuticals announces the Revamped Pharmaceuticals Technology Upgradation Assistance Scheme
The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers is announce the Revamped Pharmaceuticals Technology Upgradation Assistance (RPTUAS) Scheme. It is a significant step in government’s efforts to help upgrade the technological capabilities of our pharmaceutical industry and ensure its alignment with the global standards. The approval of the revised Scheme follows a comprehensive review by the Scheme Steering Committee ...
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