The Ministry of Coal spearheading a transformative initiative to reduce coal imports and promote coal exports, is marking a significant shift in the country’s energy landscape. This strategic move aims to enhance domestic coal production, strengthen energy security, and support the growth of the coal sector. India’s coal production witnessed a remarkable increase of 11.65% in the year 2023-24, demonstrating ...
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Production of coal
Most of the demand of coal in the country is met through indigenous production/supply. The actual demand for coal increased to1233.86 Million Tonnes (MT) in 2023-24 from 1115.04 MT in 2022-23. As against the increased coal demand, domestic coal production has also increased. In 2023-24, the domestic coal production increased by 11.65% to reach 997.26 MT from 893.19 MT in ...
Read More »DPIIT promotes green logistics industry balancing economic growth and environment
The Government recognizes the importance of sustainable logistics for India’s economic growth and environmental well-being. Several initiatives have been taken to promote sustainable Logistics Industry, leveraging technologies including digitalization and automation. The PM GatiShakti National Master Plan (NMP) platform aims at enhancing industrial productivity and helping the country achieve its green logistics and clean energy goals through multi-modal connectivity across ...
Read More »Government provides incentives to small tea growers
The Tea Development & Promotion Scheme for the period 2023-24 to 2025-26 inter alia includes a range of incentives for small tea growers by mobilising them into self help groups (SHGs) and farmer producer organisations (FPOs). The assistance is aimed to increase their productivity and quality, greater value addition and thereby greater price realisation. The assistance/support is provided for common ...
Read More »EXPORT OF SEA FOOD
The current status of the export of seafood from the country is given below:- Financial Year Quantity (Lakh Tonnes) Export (in Crores INR) 2023-24* 18.19 61043.68 2024-25 (April-May) 2.57 8924.01 *Provisional State-wise volume of exports of seafood from the country is given below: Some increase in freight cost has been reported by industry. However, exports from India are ...
Read More »INDIA’S REAL GDP PROJECTED TO GROW BETWEEN 6.5–7 PER CENT IN 2024-25
India’s real GDP is projected to grow between 6.5–7 per cent in 2024-25. The Indian economy recovered swiftly from the pandemic, with its real GDP in FY24 being 20 per cent higher than the pre-COVID, FY20 levels. This was stated by the Economic Survey 2023-24 presented in Parliament today by the Union Minister of Finance and Corporate Affairs Smt Nirmala ...
Read More »INDIAN ECONOMY NEEDS TO GENERATE NEARLY 78.5 LAKH JOBS ANNUALLY IN THE NON-FARM SECTOR UNTIL 2030 TO CATER TO THE RISING WORKFORCE
With the global labour market amidst a ‘disruption,’ and constantly being reshaped by the fourth industrial revolution, the Economic Survey 2023-24 tabled in Parliament by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, recognizes that India would also not remain immune to the transformation caused by it. REQUIREMENT OF JOB CREATION UNTIL 2036 The Economic Survey 2023-24 notes ...
Read More »Air Pollution caused by Stubble Burning
The Ministry of Environment, Forests and Climate Change has identified Crop Residue Management as one of the priority areas for prevention of air pollution. In this matter, deliberations and discussions held in series of meetings with the State Governments of Punjab, Haryana, UP, Rajasthan, Government of NCT of Delhi, State Pollution Control Boards of NCR States and Delhi Pollution Control ...
Read More »Mining Sector Registers Record Production in FY 2023-24
The index of mineral production for the month of March 2024 was 156.1, which is 1.2% higher as compared to the level in the month of March 2023. The index for the entire FY 2023-24 has increased by 7.5% over FY 2022-23. Some of the non-fuel minerals showing positive growth during the month of March 2024 as compared to the ...
Read More »Combined Index of Eight Core Industries (ICI) increases by 5.2 per cent (provisional) in March, 2024 as compared to March, 2023
The combined Index of Eight Core Industries (ICI) increased by 5.2 per cent (provisional) in March, 2024 as compared to the Index in March, 2023. The production of Cement, Coal, Electricity, Natural Gas, Steel and Crude Oil recorded positive growth in March 2024. The details of annual and monthly indices and growth rates are provided at Annex I and Annex II respectively. ...
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Indian Industry Plus A Pratisrutiplus Suppliment