In the 9th phase of ground-breaking/inauguration of industrial projects Odisha Chief Minister, Naveen Patnaik in Bhubaneswar did the ground-breaking for 23 industrial units across various sectors and Inauguration of 3 industrial projects, worth a total of Rs. 5567.5 crores combined with the employment potential of 9168 peoples in the state. Aditya Birla Renewable is setting up Solar Power Plant for ...

The Finance Minister, Nirmala Sitharaman, announced the NIRVIK scheme in the Union Budget 2020-21 in Parliament today. It will provide high insurance cover for exporters and reduce premium for small exporters. To achieve higher export credit disbursement, a new scheme NIRVIK is being launched which provides for high insurance cover, reduction in premium for small exporters and simplified procedures for ...

Sovereign Wealth Fund of Foreign Governments in Priority Sectors to Get100% Tax Exemption in Interest, Dividend and Capital Gains Income Encourages Manufacture of Mobile Phones, Electronic Equipment and Semi-Conductor Packaging The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, has said that entrepreneurship has always been the strength of India and our young men and women have been contributing ...

Commerce & Industry Minister reviews implementation of recommendations of Baba Kalyani committee on SEZ Commerce and Industry & Railways Minister Piyush Goyal chaired a meeting yesterday in New Delhi to review the remaining recommendations of the Baba Kalyani report on Special Economic Zone (SEZ) policy of India. The meeting was attended by members of the Baba Kalyani group along with ...

The Agri Export Policy was announced last year with an objective of doubling the export and ensuring doubling of farmers’ income. In order to achieve this objective, Agricultural and Processed Food Products Export Development Authority (APEDA) has been adopting a focused approach for ensuring greater involvement of the State governments for effective implementation of Agri Export Policy (AEP). Throughout the ...

172 competent persons qualified for Inspection and Certification of Boilers Regular workshops conducted by NPC onefficient Boiler Operations Department for Promotion of Industry and Internal Trade (DPIIT) has permitted self-certification and third party inspection and certification of boilers with State Governments. Specimen notification under section-34(3) of the Boilers Act 1923 have been forwarded to them to ensure safety of boilers ...

India ranks 63rd among 190 countries improving by 14 ranks from its rank of 77 in 2019. India has improved its rank in 7 out of 10 indicators and has moved closer to international best practices. The 2020 edition of the Report acknowledges India as one of the top 10 improvers, third time in a row, with an improvement of 67 ...

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of October 2019 stands at 127.7, which is 3.8 percent lower as compared to the level in the month of October 2018. The cumulative growth for the period April-October 2019 over the corresponding period of the previous year stands at 0.5 percent. 2.     The ...

Startup India Initiative was launched on 16th January 2016. The Startup India Action Plan with 19 Action Points intends to build a strong eco-system for nurturing innovation and startups in the country that will drive sustainable economic growth and generate large scale employment opportunities. The Action Plan is divided across the following areas: Simplification and Handholding Funding Support and Incentives ...

In the current Goods and Services Tax regime, exports are zero rated to ensure that the goods produced in India for exports are not disadvantaged due to the domestic tax burden and stay competitive internationally. Further, Under the Foreign Trade Policy, Duty Exemptions Schemes ensure that inputs imported/locally procured for use in the export products are either exempt from duties ...