Power Grid Corporation of India Limited (POWERGRID), a Maharatna PSE under Ministry of Power, Government of  India has signed a Share Purchase Agreement with Jaiprakash Power Ventures Limited (JPVL) to acquire 74% stake in Jaypee Powergrid Limited-JV (JPL) in which POWERGRID holds 26% equity. JPL will become a wholly owned subsidiary of POWERGRID following this acquisition. JPL-JV has developed a ...

The Competition Commission of India (CCI) approves acquisition of 51% of the equity share capital of North Eastern Electricity Supply Company of Odisha (“NESCO Utility”) by The Tata Power Company Limited  (“TPCL”) from Grid Corporation of Odisha Limited (“GRIDCO”) under Section 31(1) of the Competition Act, 2002, on 18th March 2021. The proposed combination relates to the acquisition of 51% ...

The Minister of Science & Technology, Earth Sciences and Health & Family Welfare, Dr. Harsh Vardhan, has said that CSIR-AMPRI has been successfully adopting ‘Waste to Wealth’ strategy as the institute has developed radiation shielding materials utilizing industrial wastes as raw materials.Significantly , a novel process for making lead free and highly effective shielding materials useful for the construction of ...

Union Minister for Micro, Small and Medium Enterprises, Shri Nitin Gadkari inaugurated a two-day Workshop on implementation of traditional artisan clusters under Scheme of Fund for Regeneration of Traditional Industries (SFURTI) at the Dr. Ambedkar International Centre in New Delhi on Tuesday. Minister of State for MSME, Shri Pratap Chandra Sarangi was also present on the occasion. Shri Gadkar inaugurated ...

Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) today signed an agreement and a Memorandum of Understanding (MOU) to developParadip Plastic Park. The MoU was signed on a hybrid mode, in the presence of Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan, Shri Naveen Patnaik, Chief Minister of Odisha and other dignitaries. Addressing ...

18th Instalment of Rs. 4,000 crore released to the States on Monday, 1st March, 2021 94 percent of the estimated shortfall released The Ministry of Finance, Department of Expenditure has on Friday, released the 18th weekly instalment of Rs. 4,000 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 3,677.74 crore has been ...

                               Revenues for the month of February 2021 ,             7% higher than the GST revenues in the same month last year The gross GST revenue collected in the month of February 2021 is ₹ 1,13,143 crore of which CGST is ₹ 21,092 crore, ...

All-India Consumer Price Index for Industrial Workers (2016=100) for January, 2021 decreased to 118.2 points compared to 118.8 points for December, 2020. In percentage terms, it went down by 0.51% w.r.t. previous month mainly due to Food & Beverages items having a share of 39.17% in the total weight which recorded a fall of 1.92% between these two months. During ...

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Production Linked Incentive (PLI) Scheme for IT Hardware. The scheme proposes production linked incentive to boost domestic manufacturing and attract large investments in the value chain of IT Hardware. The Target Segments under the proposed Scheme include Laptops, Tablets, All-in-One PCs andServers. The Scheme shall, extend ...

Shri R. K. Singh, Minister of State for Power (I/C) administered the Oath of Office and Secrecy to Shri Pravas Kumar Singh, Member, Central Electricity Regulatory Commission (CERC) here today. Shri Pravas Kumar Singh was appointed Member of CERC vide Order dated 16.12.2020. He holds LLB Degree. He has worked as Member (legal) in Jharkhand SERC till he was appointed ...