The import policy of major paper products has been amended from ‘Free’ to ‘Free subject to compulsory registration under Paper Import Monitoring System’. A notification to this effect has been issued by DGFT This order shall be applicable on a range of paper products, such as newsprint, handmade paper, wallpaper base, duplicating paper, coated paper, uncoated paper, Litho and offset ...
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NALCO BREAKS SEVERAL PAST RECORDS FY 21-22 NET PROFIT ZOOMS 2.27 TIMES TO RS. 2,952 CRORE
National Aluminium Company Limited (NALCO), the Navratna CPSE, under the Ministry of Mines, Government of India,has surpassed several milestones in its journey of business excellence during the Financial Year 2021-22. Showing robust performance across all its business units, the company has posted its best-ever annual production and sales in FY21-22, registering highest ever revenue from operations and highest ever net ...
Read More »Government lifts “Export Prohibition” on Bamboo Charcoal for Higher Profitability of Bamboo Industry
Government has lifted the “export prohibition” on bamboo charcoal, a move that would facilitate optimum utilization of raw bamboo and higher profitability in the Indian bamboo industry. Khadi and Village Industries Commission (KVIC), which is supporting thousands of bamboo-based industries in the country, was persistently requesting the Government to lift the export restriction on bamboo charcoal. Chairman KVIC Shri Vinai ...
Read More »India gets the highest annual FDI inflow of USD 83.57 billion in FY21-22
India has recorded highest ever annual FDI inflow of USD 83.57 billion in the Financial Year 2021-22. In 2014-2015, FDI inflow in India stood at mere 45.15 USD billion as compared to the highest ever annual FDI inflow of USD 83.57 billion reported during the financial year 2021-22 overtaking last year’s FDI by USD 1.60 billion despite military operation in ...
Read More »Coal Production Increases by 29% to 66.58 Million Ton During April, 2022
As per the provisional statistics of Ministry of Coal, the total coal production increased by 29% to 66.58 Million Ton (MT) from 51.62 MT in April,2022 as compared to April, 2021. During April, 2022, Coal India Ltd. (CIL), Singareni Collieries Company Ltd. (SCCL) and Captive mines/Others registered a growth of 27.64%, 9.59% and 59.98% by producing 53.47 MT, 5.32 MT and 7.79 ...
Read More »Airlines have witnessed 520% increase in cargo revenue in last two years
Union Minister of Civil Aviation Shri Jyotiraditya M. Scindia today attended the annual event of Air Cargo Forum India (ACFI) as the chief guest. The theme of the annual event was “10 Million: Vision 2030; Stimulating, Scaling, Steering Air Cargo”. Other dignitaries who graced the event were Shri Piyush Srivastava, Senior Economic Advisor, Minister of Civil Aviation, Shri Cyrus Katgara, ...
Read More »Status Of Freight Corridors In India
Ministry of Railways has taken up construction of two Dedicated Freight Corridors (DFC) viz. Eastern Dedicated Freight Corridor (EDFC) from Ludhiana to Sonnagar (1337 Km) and the Western Dedicated Freight Corridor (WDFC) from Jawaharlal Nehru Port Terminal (JNPT) to Dadri (1506 Kms.). So far, 1110 km out of total sanctioned length of 2843 km of DFC has been completed. The ...
Read More »Indian Railways break several records in freight loading during Financial Year-2021-22
Indian Railways has for the first time ever breached the 1400 MT Freight Loading mark in this Financial Year. The Originating Freight Loading of Indian Railways for the FY 2021-22 stood at 1418.1 MT (provisional) which is 15% more than the previous best set in FY 2020-21 at 1233.2 MT. The incremental loading of ~ 185 MT has been led ...
Read More »Employment Generation in FPI Sector
The data for registered manufacturing sector including food processing sector is brought out by the Ministry of Statistics and Programme Implementation through the Annual Survey of Industries (ASI) and for unregistered/unincorporated enterprises through National Sample Survey (NSS). As per the Annual Survey of Industries 2018-19, food processing sector was ranked 1st in total number of persons engaged in the manufacturing sector. ...
Read More »Food Processing Industry Parks
The Ministry of Food Processing industries incentivizes setting up of Mega Food Parks and Agro Processing Clusters (Mini Food Parks) through credit linked financial assistance (capital subsidy) in the form of grants-in-aid under relevant component schemes of Central Sector Umbrella scheme “Pradhan Mantri Kisan SAMPADA Yojana”. State-wise details of Mega Food Parks and Agro Processing Clusters approved in PMKSY are ...
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