Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Union Budget 2019-20 in Parliament today. Union Minister for Chemicals & Fertilizers, Shri D.V. Sadananda Gowda thanked the Finance Minister for increased allocation towards the Fertilizer Subsidy and said that the increased allocation would further help in increasing the efficiency of subsidy transfers to the farmers through DBT. ...

 India’s largest Blast Furnace at JSPL Angul Odisha has produced its highest ever Hot Metal production of 10845 MT for a single day on 2nd July 2019. It is also reported that this is the ever highest production produced by any of the BFs in India.  The furnace is stable for the last one week and has continuously produced more than 10,000 Tons per ...

The Estimated Production of Milk, Egg and Poultry Meat during the last three years is given below: –   Year Milk Production (in Million Tonnes) All India Egg Production (In Million Nos.) All India Poultry Meat Production (In 000 tonnes) All India 2015-16 155.49 82928.44 3263.81 2016-17 165.40 88136.96 3463.65 2017-18 176.34 95217.00 3766.94   The milk production in the ...

            To strengthen the Public Sector Banks (PSBs), over the last four financial years, the Government of India has taken comprehensive steps under its 4R’s strategy of recognising NPAs transparently, resolving and recovering value from stressed accounts through clean and effective laws and processes, re-capitalising banks, and reforming banks through the PSB Reforms Agenda. Over ...

The Government of India has set- up a Project Monitoring-Invest India Cell (PMIC), earlier known as Project Monitoring Group, for resolving of issues and fast tracking the setting-up and expeditious commissioning of large Public, Private and Public-Private Partnership (PPP) Projects. However, there is no prescribed criterion for classifying a project as a Stalled Project. The primary focus of PMIC is ...

National Bank for Agriculture and Rural Development (NABARD) has reported that it extends refinance to banks and provides loan assistance to the State Governments for promotion and development of agriculture and other rural activities. State-wise financial assistance provided by NABARD to State Governments during the last three years under various Funds i.e. Rural Infrastructure Development Fund (RIDF), Long Term Irrigation ...

As per Reserve Bank of India (RBI) data on global operations, aggregate gross advances of Public Sector Banks (PSBs) increased from Rs. 18,19,074 crore as on 31.3.2008 to Rs. 52,15,920 crore as on 31.3.2014. As per RBI inputs, the primary reasons for spurt in stressed assets have been observed to be, inter-alia, aggressive lending practices, wilful default / loan frauds ...

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of February 2019stands at 127.5, which is 0.1 percent higher as compared to the level in the month of February 2018. The cumulative growth for the period April-February 2018-19 over the corresponding period of the previous year stands at 4.0 percent. 2.        The Indices ...

The International Centre for Automotive Technology (ICAT) is organizing a NuGen Mobility Summit, 2019, at Manesar, NCR, from 27th to 29th November 2019. The objective of the Summit is to share new ideas, learnings, global experiences, innovations and future technology trends for faster adoption, assimilation and development of advanced automotive technologies for a smarter and greener future. This event will help in ...

The Combat Management System (CMS) for the Indigenous Aircraft Carrier (IAC) developed with M/s Tata Power Strategic Engineering Division (TPSED), in collaboration with Weapon and Electronics System Engineering Establishment (WESEE) and M/s MARS, Russia was handed over by Mr Sukaran Singh, CEO and MD, M/s Tata Advanced Systems Ltd. to Indian Navy/ Chief of Materiel, Vice Admiral GS Pabby, PVSM, ...