In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), ...
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Index Numbers of Wholesale Price in India for the month of January, 2021
The Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade is releasing index numbers of wholesale price in India for the month of January, 2021 (Provisional) and for the month of November, 2020 (Final) in this press release. Provisional figures of Wholesale Price Index (WPI) are released on 14th of every month (or next working day) ...
Read More »INDIA’S FOREIGN TRADE FOR JANUARY 2021
India’s overall exports (Merchandise and Services combined) in April-January2020-21* are estimated to be USD 396.60Billion, exhibiting a negative growth of (-) 10.63per cent over the same period last year. Overall imports in April-January 2020-21* are estimated to be USD 398.47Billion, exhibiting a negative growth of (-) 22.80per cent over the same period last year. *Note: i) The latest data for ...
Read More »Consumer Price Index Numbers on Base 2012=100 for Rural, Urban and Combined for the Month of January 2021
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of January 2021 (Provisional) in this press note. CPIs for Sub-Groups and Groups for both All India and all ...
Read More »QUICK ESTIMATES OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF DECEMBER, 2020 (BASE 2011-12=100)
The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments. 2. For the month of December 2020, the Quick Estimates of Index of ...
Read More »Running of Local/Intra-State Trains
Indian Railways neither operate train services nor maintain data pertaining to passenger booking on State-wise basis as the railway network straddles across various State boundaries. Prior to cancellation of regular passenger carrying services w.e.f. 23.03.2020, Indian Railways operated approximately 3635 passenger train services per day and 5881 suburban trains services per day. The Zone-wise detail of average monthly passenger booked during ...
Read More »FDI inflows in food processing sector increase from USD 628.24 Million in 2018-19 to USD 904.7 Million in 2019-20
The Government has put in place a liberal and transparent policy for attracting Foreign Direct Investment (FDI), wherein most of the sectors are open to FDI under the automatic route. The intent is to make the FDI policy more investor friendly and remove the policy bottlenecks that have been hindering the investment inflows into the country. 100% FDI is permitted ...
Read More »Projects approved under the component schemes of PMKSY
The Ministry of Food Processing Industries (MoFPI) provides financial assistance in the form of Grant-in-Aid to the individuals, farmers, Farmer Producer Organizations (FPOs), Entrepreneurs, Cooperatives, Societies, Self Help Groups (SHGs), Private Companies and Central/ State PSUs etc. for setting up of food processing industries/ units/ projects. Financial assistance to eligible applicants is provided as per the Scheme guidelines and against ...
Read More »15th Instalment of Rs.6,000 crore released to the States to meet the GST compensation shortfall.
The Ministry of Finance, Department of Expenditure has released the 15th weekly instalment of Rs.6,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of Rs.5,516.60 crore has been released to 23 States and an amount of Rs.483.40 crore has been released to the 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & ...
Read More »IRDAI advises all Insurance companies for issuance of Digital Insurance Policies via DigiLocker
IRDAI (Insurance Regulatory Authority of India) in a Circular dated 9th February, 2021, has advised all Insurance companies for issuance of Digital Insurance Policies via DigiLocker. The Circular states, “in order to promote the adoption of Digilocker in the insurance sector, the Authority advises all insurers to enable their IT systems to interact with Digilocker facility to enable policyholders to ...
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