The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi, has given its approval for the proposal of the Department of Fertilizers for extension of applicability of New Investment Policy (NIP)-2012 read with its amendment dated 7thOct 2014 for the Ramagundam Fertilizers and Chemicals Limited (RFCL). RFCL is a Joint Venture Company consisting of National Fertilizers Limited ...
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Cabinet approves Allotment of 5 MHz spectrum in 700 MHz band to Indian Railways
Giving a boost to ‘Aatmanirbhar Bharat’ mission, the Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the proposal for allotment allotment of 5 MHz Spectrum in 700 MHz frequency band to Indian Railways for public safety and security services at stations and in trains. With this spectrum, Indian Railways has envisaged to provide LTE (Long Term Evolution) based ...
Read More »Railways loads the highest ever freight of 114.8 MT for the month of May
Despite the Covid challenges, Freight figures continue to maintain the high momentum in terms of earnings and loading in the month of May 2021 for Indian Railways. On mission mode, Indian Railways’ Freight made highest ever loading for the month of May. In May 2021 it is 114.8 MT which is 9.7% more than May 2019 (104.6 MT) for the ...
Read More »Shri Dharmendra Pradhan inaugurates the 270 Bedded Oxygenated COVID Care Centre at JSPL, Angul, Odisha
Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today dedicated the COVID Care Centre at Jindal Steel & Power Ltd (JSPL) Plant Angul, Odisha in the presence of Odisha Health & Family Welfare Minister Shri Naba Kisore Das and JSPL’s Chairman Shri Naveen Jindal. Sambalpur MP Shri Nitesh Ganga Deb, Chhendipada MLA Shri Susanta Kumar Behera, ...
Read More »Dharmendra Pradhan presides over a slew of initiatives around Compressed Bio Gas to give filip to SATAT scheme
Union Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today presided over a virtual ceremony in which a number of initiatives were launched to provide major fillip to the SATAT initiative, and help India leap ahead towards a greener tomorrow. This included signing of a Cooperation Agreement by Oil and Gas majors including IndianOil, HPCL, BPCL, GAIL ...
Read More »Expert Committee on Variable Capital Company submits its report to the IFSCA
Dr. K.P. Krishnan headed expert committee on Variable Capital Company has submitted its report on the feasibility of Variable Capital Companies in the International Financial Services Centres to the Chairperson of the International Financial Services Centres Authority (IFSCA), Shri. Injeti Srinivas. International Financial Services Centres Authority constituted a Committee of Experts (‘the Committee’) to examine the feasibility of the Variable ...
Read More »India’s prospective on Blue Economy
Blue Economy is one of the major dimensions of growth. India is having more than 7,500-km-long coastline and its blue economy supports 95% of the country’s business through transportation and contributes an estimated 4% to its Gross Domestic Product. The Blue Economy is the continuous use of ocean resources for economic growth. The concept of the Blue Economy was first introduced ...
Read More »Index of Eight Core Industries (BASE: 2011-12=100) for April, 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 April, 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 of the ...
Read More »Petroleum and steel sector companies facilitating 12,000 oxygenated beds at Covid care centres
Steel plants, across the country, belonging to the Public as well as the Private sectors, have been reguklarly supplying the life-saving Liquid Medical Oxygen (LMO) to the country. Under the guidance of the Minister of Steel and Petroleum and Natural Gas Shri Dharmendra Pradhan, they have undertaken a number of steps to fight the Covid-19 pandemic, and bring relief to ...
Read More »Mineral Production during February 2021 (Provisional)
The index of mineral production of mining and quarrying sector for the month of February, 2021 (Base: 2011-12=100) at 116.5, was 5.5% lower as compared to the level in the month of February, 2020. The cumulative growth for the period April- February, 2020-21 over the corresponding period of previous year has been (-) 9.6 percent. Production level of important minerals in February, 2021were: Coal 746 lakh tonnes, Lignite 38 ...
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