The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written reply to a question in the Rajya Sabha today informed that the details of contribution of petroleum sector to Central exchequer during the last five years are given below: Rs./Crores Particulars 2016-17 2017-18 2018-19 2019-20 2020-21 Contribution to Central Exchequer 3,35,175 3,36,163 ...
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Safe Trade Policy
Countries including India, party to the World Trade Organization (WTO) are obliged to follow the rules and regulations of international trade under WTO Agreements, including the Most-Favoured Nation (MFN) clause. WTO also provides scope to derogate under specific conditions including National Security provisions. Accordingly, the Export policy of Govt. of India is framed within such parameters. For exports from 01.01.2021, ...
Read More »Import of Low –ash- Coal
Demand of coal is higher than the current level of domestic supply of coal in the country. The entire demand of coal is not met from domestic production as the supply of high quality coal /coking coal (low-ash-coal) in the country is limited and thus no option is left but to resort to import of coking coal. Further, coal imported ...
Read More »Amendment of the Minerals (Evidence of Mineral Contents) Rules, 2015 and the Mineral (Auction) Rules, 2015 to facilitate identification of mineral blocks for auction for grant of Composite Licence
Ministry of Mines has notified the Minerals (Evidence of Mineral Contents) Second Amendment Rules, 2021 and the Mineral (Auction) Fourth Amendment Rules, 2021 to amend the Minerals (Evidence of Mineral Contents) Rules, 2015 [MEMC Rules] and the Mineral (Auction) Rules, 2015 [Auction Rules], respectively. The amendment rules have been framed after extensive consultations with the State Governments, industry associations, miners, ...
Read More »CCI approves acquisition of shareholding in Sterling and Wilson Renewable Energy Limited by Reliance New Energy Solar Limited
The Competition Commission of India (CCI) approves acquisition of shareholding in Sterling and Wilson Renewable Energy Limited by Reliance New Energy Solar Limited. The proposed combination envisages acquisition of 40% of the equity share capital of Sterling and Wilson Renewable Energy Limited (formally known as Sterling and Wilson Solar Limited) (SWREL) by Reliance New Energy Solar Limited (RNESL). However, acquisition ...
Read More »IMPORT DATA
The details of India’s overall (merchandise and services) imports along with percentage change from 2009-10 to 2021-22 are as given in the table below: Years Value of Overall Imports (in US$ Billion) 2009-10 348.40 2010-11 450.32 2011-12 567.55 2012-13 571.50 2013-14 528.95 2014-15 529.61 2015-16 465.64 2016-17 480.21 2017-18 583.11 2018-19 640.14 2019-20 602.98 2020-21 511.96 April-October, 2020 250.44 April-October, ...
Read More »FOREIGN DIRECT INVESTMENT
During the last seven financial years, Foreign Direct Investment (FDI) inflows worth US$ 440.26 billion have been reported in India. FDI inflow in India stood at US$ 45.15 billion in 2014-2015 and has increased since then. The financial year wise details are as under: S. No. Financial Year Amount of FDI inflows (in US$ billions) 1. 2014-15 45.15 2. 2015-16 ...
Read More »INDUSTRIAL CORRIDOR
Government of India has taken up implementation of various industrial corridor projects under National Industrial Corridor programme. The aim is to develop greenfield industrial nodes in India which can compete with the best manufacturing and investment destinations in the world. The objective for development of these nodes is to facilitate provision of plug n play infrastructure at the plot level and help ...
Read More »PRIVATE INVESTMENT IN INDUSTRY
Investment Promotion activities are carried out by Government to attract more investments in the country. As a part of steps being taken to improve private interest and investment, ‘Make in India’ initiative was launched on September 25, 2014, to facilitate investment, foster innovation, building best in class infrastructure, and making India a hub for manufacturing, design, and innovation. Investment outreach ...
Read More »REGIONAL TRADE AGREEMENTS
India is actively negotiating Regional Trade Agreements (RTAs)/Free Trade Agreements (FTAs) with the following countries/regions : Sl. Countries/Regions Name of the Agreement 1 UAE India-UAE CEPA 2 Australia India – Australia Comprehensive Economic Cooperation Agreement (CECA) 3 Canada India – Canada Comprehensive Economic Partnership Agreement 4 Israel India – Israel Free Trade Agreement (FTA) 5 United Kingdom India-UK Enhanced Trade ...
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