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Cabinet approves Loan Guarantee Scheme for Covid Affected Sectors  and to enhance the corpus of Emergency Credit Line Guarantee Scheme 

On account of the disruptions caused by the second wave of COVID 19 specially on healthcare sector, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved Loan Guarantee Scheme for Covid Affected Sectors (LGSCAS) enabling funding to the tune of Rs. 50,000 crore to provide financial guarantee cover for brownfield expansion and greenfield projects related to ...

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Government reaffirms its commitment to continuous improvement in taxpayer services

GST is a historic tax reform introduced on the 1st of July 2017. Over the years there has been a reduction in the tax rates, simplification of procedures and a growing economy has also led to an exponential increase in the tax base. GST revenues have steadily grown and have been above the 1 lakh crore mark for eight consecutive ...

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INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR MAY, 2021

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing Index of Eight Core Industries (ICI) for the Month of May, 2021. ICI measures combined and individual performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. The Eight Core Industries comprise 40.27 percent ...

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Pradhan Mantri Formalisation of Micro food processing Enterprises Scheme under Aatmanirbhar Bharat AbhiyanCompletes One Year

The centrally sponsored Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, launched under the Aatmanirbhar Bharat Abhiyan, to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and promote formalization of the sector, marks the completion of its one year. Launched on 29th June 2020, the PMFME Scheme is currently being implemented ...

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CIL forges ahead towards Energy Efficiency

In a bid to reduce carbon footprint in its operational area, Coal India Ltd. (CIL) has put special thrust on energy efficiency measures and is forging ahead with a series of measures to offset carbon emission in mining operation in all its coal producing companies. Apart from taking immediate action for efficient use of energy, CIL has also drawn an ...

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On a Mission Mode to become “Future Ready”, Railways on way to deliver 58 super critical and 68 critical projects worth more than Rs 115000 crore

On a mission mode to become “Future Ready”, Railways is on it’s way to deliver 58 super critical and 68 critical projects worth more than Rs 115000 crore in next few years. Inspite of Covid challenges, Indian Railways is going on rapidly to complete the projects which are vital for increasing the capacity of tracks. 29 Super Critical Projects of ...

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Gadkari calls for creation of Ratings system for MSMEs and Dashboard for effective monitoring of schemes

Minister for MSME and Road Transport and Highways Shri Nitin Gadkari has called for creation of ratings system for MSMEs and Dashboard for effective monitoring of MSME schemes. Addressing a webinar by Chamber of Indian MSME, CIMSME, he said simple and transparent methodology should be evolved to give ratings to MSMEs having good turnover, GST records to enable them to ...

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Maiden Voyage of Coastal Shipping Service “Green Freight Corridor-2” from Cochin Port to Beypore and Azhikkal Ports

The Ministry of Ports, Shipping and Waterways has accorded high priority to building greater synergies between the Major Ports and Non-Major Ports in order to promote coastal trade and to provide sustainable, cost-effective and efficient Intermodal & Multimodal customer solutions. By doing so, the Ministry aims to provide seaborne connectivity to the trade and industries in the hinterland, reduce congestion ...

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NITI Aayog Releases Report on Not-for-Profit Hospital Model in India

NITI Aayog today released a comprehensive study on the not-for-profit hospital model in the country, in a step towards closing the information gap on such institutions and facilitating robust policymaking in this area. “There has been relatively low investment in the expansion of the health sector in the private domain.The stimulus announced yesterday provides us an opportunity to change this ...

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India destined to become an auto manufacturing hub in coming years : Shri Prakash Javadekar

Minister of Heavy Industries and Public Enterprises Shri Prakash Javadekar today inaugurated NATRAX- the High Speed Track(HST) in Indore which is the longest such track in Asia. NATRAX, developed in an area of 1000 acres of land  , is a one stop solution for all sorts of high speed performance tests for widest categories of vehicles from 2 wheelers to ...

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