In the coming 5 years, aluminium consumption in India will be doubled from existing level of 3.6 million ton to 7.2 million ton. Unless we focus on aluminium downstream unit, India will be importing around 5 billion dollar worth downstream aluminium products,” said Dr. Tapan Kumar Chand, CMD, NALCO. He expressed this while addressing the National Aluminium Network Meet 2018, ...

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of August 2018 stands at 127.4, which is 4.3 percent higher as compared to the level in the month of August 2017. The cumulative growth for the period April-August 2018 over the corresponding period of the previous year stands at 5.2 percent. 2.        The ...

The Central Government has approved a special package for employment generation in leather and footwear sector. The package involves implementation of Central Sector Scheme – Indian Footwear, Leather & Accessories Development Programme (IFLADP) with an approved expenditure of Rs. 2600 Crore for 2017-20. The scheme aims at development of infrastructure for the leather sector, address environmental concerns specific to the ...

The Working Group tasked to develop a roadmap towards achieving a 5 trilliondollar economy by 2025has prepared its report and it is being circulated to the stakeholders for further suggestions.The Working Group was constituted by the Department of Industrial Policy and Promotion in the Ministry of Commerce and Industry with participation from government and industry. The Group held extensive and ...

The Prime Minister, Shri Narendra Modi, today addressed Destination Uttarakhand: Investors’ Summit 2018, in Dehradun. He said India is going through a period of rapid transformation. He said it is widely accepted that India will be a major engine of world growth in the coming decades. He said the speed and scale of economic reform in India is unprecedented. In this ...

The SEZ Policy Review Committee, headed by Baba Kalyani, met in New Delhi. This was the final round of consultations with the committee members under the chairmanship of the Commerce Secretary. The group held its first meeting on 22nd June this year under the chairmanship of Commerce & Industry Minister Suresh Prabhu. Subsequently, the group met again on 9th July and 20th August, ...

The Prime Minister Shri Narendra Modi yesterday inaugurated a new airport in Jharsuguda – also known as the powerhouse of Odisha. Governor of Odisha, Prof. Ganeshi Lal, Chief Minister of the State, Shri Naveen Patnaik, Union Minister of Commerce and Industry and Civil Aviation, Shri. Suresh Prabhu, Union Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Shri. ...

On the basis of the decision of the Government of India, the interest rates for Small Savings Schemes are to be notified on Quarterly Basis with the approval of the Union Finance Minister. Accordingly, the Rates of Interest on various Small Savings Schemes for the Third Quarter of the Current Financial Year 2018-19 starting 1st October, 2018, and ending on 31st December, ...

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Indirect Taxes and Customs No.77/2018-CUSTOMS (N.T.), dated  6th September, 2018 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and  Customs hereby determines that ...

Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu said that demand for energy will increase due to rapid development taking place in India and fossil fuel is not going to last forever and therefore there is need for renewable energy. He was speaking at afunction of International Solar Alliance (ISA) Innovation and Investment Forum in New Delhi ...