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Author Archives: Indianindustry Media

Development of Major Ports 

   The Minister of State for Shipping and Finance Shri Pon Radhakrishnan in a written reply to a question in Lok Sabha today informed that to make use of the complementarity between development of inland water transportation and major ports, under Section 111 of the Major Port Trusts Act, 1963, directions have been issued by the Government on 18th April, 2018 to five ...

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Declaration of State Roads as NHs 

The Minister of State for Road Transport and Shipping and Chemical & Fertilizers Shri Mansukh L Mandaviya in a written reply to a question in Lok Sabha today informed that the details of State Roads/ Highways declared as new NHs in the country during last three years and the current year are as follows- (Length in km)   Sr. No. State ...

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Expenditure on Construction of Highways and Roads 

The Minister of State for Road Transport and Shipping and Chemical & Fertilizers Shri Mansukh L Mandaviya in a written reply to a question in Lok Sabha today informed that the allocation of funds and expenditure incurred for development of NHs / roads under the various  schemes of the Ministry of Road Transport and Highwaysduring 2017-18 was Rs. 1,09,453.84 crore and Rs. ...

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Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified 

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.63/2018-CUSTOMS (N.T.), dated  19th July, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs hereby determines that ...

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Environment & Skill Development Ministries Sign MoU to train one lakh RAC Service Technicians 

Emphasising that India is being globally lauded for its green initiatives and commitment to environment and climate change, Union Minister for Environment, Forest and Climate Change, Dr. Harsh Vardhan today said that Skill India is an endeavour by the Government to act as a catalyst in bringing about a change by skilling, up-skilling and re-skilling technicians to bring down the ...

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India’s Footwear Industry has huge potential for export & employment generation: Suresh Prabhu 

Indian footwear Industry has a huge potential for export and employment generation said Union Minister of Commerce & Industry and Civil Aviation. He was speaking at the inaugural programme of the 4th India International Footwear Fair 2018 (IIFF) at PragatiMaidan in New Delhi today. India will soon become a global hub for manufacturing of footwear to cater to growing demand. ...

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Integrate to Innovate Programme for energy Startups 

Invest India has joined hands with energy sector companies to offer a unique lab-to-market opportunity for Indian startups through the Integrate to Innovate Programme. Integrate to Innovate is a 3-month corporate acceleration programme for energy startups housed at the corporate premises. The application for the programme is hosted on Startup India Hub – an online platform bringing together all stakeholders ...

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Unearthing of Black Money 

            The Income-tax Department (ITD) takes appropriate action against black money which is an on-going process.  Such action under the Direct Tax laws includes searches, surveys, enquiries, assessment of income, levy of penalties and filing of prosecution complaints before criminal courts, wherever applicable. Moreover, recognizing the limitations of the Income-tax Act, 1961 etc. in dealing with black money stashed abroad, the ...

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cotton production and consumption in the country during the current crop year

The total cotton production and consumption in the country during the current crop year i.e. 2018-19 is not available. However, State-wise estimated production of cotton, as per the Third Advance Estimates for the year 2017-18, is as under:   State Production (in lakh bales of 170 kgs. each) Andhra Pradesh 20.38 Gujarat 126.37 Haryana 16.26 Karnataka 12.24 Madhya Pradesh 18.69 ...

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Ministry of Shipping issues new guidelines for improving treasury investment for Major Ports  Potential to increase Surplus at ports by Rs 150 Cr 

The Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across major Indian ports. One major initiative is to improve the returns earned on treasury investments by the ports for pension, provident and surplus funds. Across all major ports, these funds add up to around Rs 33,000 crore, yielding interest of ...

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