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FY 2021-22: Rising Industrial growth, Restrained Inflation and Strong Services Revival

The release of quick estimates of Index of Industrial Production (IIP) for the month of September, 2021 shows a sustained increase in industrial production. The IIP, in FY 2021-22, has grown from an average of 121.3 in Q1 to 130.2 in Q2. The IIP in Q2 would have been still higher but for heavy monsoons disrupting mining activity, especially coal and consequently electricity generation, ...

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Index Numbers of Wholesale Price in India for the month of October, 2021(Base Year: 2011-12)

The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) is releasing Index numbers of wholesale price in India (Base Year: 2011-12) for the month of October, 2021 (Provisional) and for the month of August, 2021 (Final) in this press release. Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month ...

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Odisha Welcomes You…. The Mesmerising Chilika Lake

Flocks of migratory waterfowl arrive from as far as the Caspian Sea, Lake Baikal, Aral Sea, remote parts of Russia, Kirghiz steppes of Mongolia, Central and South East Asia, Ladakh and the Himalayas, to feed and breed in the fertile waters of Chilika lake; which can be visited most conveniently through Balugaon, Barkul, Rambha and Satpada close to Puri. After ...

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Raksha Mantri inaugurates first operationalised private sector defence sector defence manufacturing facility in UP Defence Industrial Corridor

Raksha Mantri Shri Rajnath Singh inaugurated the first operationalised private sector defence manufacturing facility in Uttar Pradesh Defence Industrial Corridor (UPDIC) in Lucknow on November 13, 2021. The facility, run by Aerolloy Technologies, a wholly owned subsidiary of PTC industries, will manufacture parts for Aircraft Engines, Helicopter Engines, Structural parts for aircrafts, Drones and UAV, Submarines, Ultra-Light Artillery Guns, Space ...

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Multicopter DRONE design & developed by National Aerospace Laboratories- NAL has successfully demonstrated Covid-19 Vaccine delivery at remote location in outskirts of Bengaluru

National Aerospace Laboratories (NAL) a constituent of CSIR, India has developed indigenous, medium class BVLOS multi-copter UAV. The UAV is made out of light weight carbon fiber foldable structure for ease of transportation and has unique features like autonomous guidance through dual redundant MEMS based digital Autopilot with advanced flight instrumentation systems. Ministry of Civil Aviation, Govt. of India has ...

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Health Sector Grant of Rs.8,453.92 crore released to Local Bodies of 19 States

The Department of Expenditure, Ministry of Finance has released an amount of Rs.8,453.92 crore as health sector grant for rural and urban local bodies of 19 States.  The grants have been released as per the recommendations of the Fifteenth Finance Commission.  State-wise amount of grant released is enclosed. The Fifteenth Finance Commission (FC-XV) in its Report for the period from ...

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Impressive back-to-back profits pushes NALCO’sNet Profit to Rs.1095cr at half-yearlymark, Net Profit of Q2 FY 21-22 jumps by 600% over Q2 of last year

National Aluminium Company Limited (NALCO) registered a handsome rise in net profit for Q2 FY 21-22 at Rs 748 crore,posting a jump of 600% over Rs 107 crore achieved during corresponding period of last year. This is one of the strongest performance in a decade, with Net Profit soaring to Rs.1095 crore at half-yearly stage. The net profit has soared ...

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7 States meet the target for capital expenditure upto Q-2 of 2021-22 Get permission to mobilise additional Rs. 16,691 crore

Seven States namely, Chhattisgarh, Kerala, Madhya Pradesh, Meghalaya, Punjab, Rajasthan and Telangana have achieved the target set by the Ministry of Finance for the capital expenditure upto 2nd Quarter of 2021-22. As an incentive, these States have been granted permission by the Department of Expenditure on Friday to borrow an additional amount of Rs.16,691 crore. The additional open market borrowing permission ...

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National Internet Exchange of India establishes dedicated “Customer -Care Unit” (24×7)

National Internet Exchange of India (NIXI) has taken a new initiative by establishing out a customer focused unit – “Customer-Care Unit,” which will facilitate the interaction of customers with all its Business units. This team will support the customer queries (24×7) for all the operations. NIXI has three businesses, viz. — Internet Exchange, Dot IN Registry, and IRINN and all ...

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Ministry of Corporate Affairs and IEPFA further simplify IEPFA Claim Settlement Process towards Ease of Doing Business and Ease of Living

In a major step towards the mission and vision of Government of India of Ease of Living and Ease of Doing Business, Ministry of Corporate Affairs (MCA) has further simplified claim settlement process through rationalization of various requirements under Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. For claimants, requirement of Advance Receipt has been ...

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