A 19-point Action Plan for Startups was launched in January 2016. The Action plan covers areas of Simplification and Handholding, Funding Support & Incentives and Industry-Academia partnership and incubation. Department of Industrial Policy & Promotion, Ministry of Commerce & Industry is the nodal Ministry for successful implementation of the Action Plan. Recognition of Startups Modification of definition of Startups in ...
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NALCO signs MoU for commercial scale nano based Emrion Deflouridation plants
After successful commissioning of first-of- its kind Defluoridation plant in the World using Nano based Emrion technology, the aluminium major National Aluminium Company Limited (NALCO) is all set for using this technology in commercial scale.It may be noted that NALCO has been using this technology in its Smelter Plant since February 2017 which has successfully addressed the endemic problem of fluoride contamination ...
Read More »Anti-Dumping Duty on Steel
A definitive anti-dumping duty in the range of 4.58% to 57.39%, of the landed value of goods has been imposed on imports of Cold Rolled Flat Products of Stainless Steel to give relief to domestic steel industriesfrom the People’s Republic of China, Republic of Korea, the European Union, South Africa, Chinese Taipei, Thailand and the United States of America, vide notification No. 61/2015-Customs (ADD) dated 11.12.2015. The anti-dumping duty under the aforesaid notification ...
Read More »INDIA’S FOREIGN TRADE: February 2018
MERCHANDISE TRADE EXPORTS (including re-exports) Exports during February 2018 have exhibited positive growth of 4.48 per cent in dollar terms vis-à-vis February2017. Exports have been on a positive trajectory since August 2016 to February 2018except for a temporary setback in October 2017. Exports during February 2018were valued at US$ 25834.36million as compared to US$ 24726.71 million during February 2017. In ...
Read More »Government Revises Model Concession Agreement for PPP in Major Ports
Government Revises Model Concession Agreement for PPP in Major Ports In order to make port projects more investor friendly and make investment climate in the Major Port sector more attractive, the Government has approved the revised Model Concession Agreement (MCA) for Public Private Participation (PPP) projects in Major Ports on 3.1.2018. Salient features of the revised MCA are as follows ...
Read More »134.61 million tonnes Transportation of Goods through Waterways
The total quantity of cargo transported on National Waterways (NWs) since 2008-09 upto January, 2018 is 134.61 million tonnes. There has been a gradual increase in the overall quantity of cargo transported on NWs in the last few years. The year wise details are given below: – Cargo transported on National Waterways (NWs) (in Million Tonnes) YEAR NW-1 NW-2 NW-3 ...
Read More »India’s Foreign Trade: January 2018
MERCHANDISE TRADE EXPORTS (including re-exports) Exports during January 2018 have exhibited positive growth of 9.07per cent in dollar terms vis-à-vis January 2017. Exports have been on a positive trajectory since August 2016 to January 2018 with a dip of 1.1 per cent in the month of October 2017. Exports during January 2018valued at US$ 24383.97 million as compared to US$ ...
Read More »India Pharma & India Medical Device 2018 begins in Bengaluru
Ayushman Bharat health insurance scheme announced by the Government, popularly called as ‘Namo-Care’, has the potential to turn India into the largest pharma manufacturer of the world in about three years”, Union Minister of Chemicals & Fertilizers and Parliamentary Affairs, Shri Ananthkumar, said while inaugurating the third edition of India Pharma 2018 and India Medical Device 2018, International conference and ...
Read More »NALCO registers robust growth upto 3rd Quarter Quantum jump in net profit by 171% from Rs.400 crore last year to Rs.1085 crore
National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines, Govt. of India and country’s leading manufacturer and exporter of alumina and aluminium,has declared its financial results for & upto 3rd quarter ended December 2017. According to the reviewed financial results for the 3rdquarter of the financial year 2017-18 taken on record by the Board in the meeting held ...
Read More »GST Council recommends relief in GST on Circus, Dance and Theatrical Performances
In its Meeting held on 18th January, 2018, the GST Council has recommended that for the purpose of GST exemption, the threshold price limit of Admission Ticket for circus, dance,theatrical performances including drama or dance, award functions, pageants, concerts, musical performances, and recognized sporting events may be increased from Rs. 250 per person to Rs.500 per person. The Council has further recommended that ...
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