In the year 2016-17, aggregate capacity of around 11,322 MW of renewable energy was installed in the country, and in year 2017-18, aggregate capacity of around 11,887 MW was installed. Thus, renewable energy installations in the country are progressively increasing and do not appear to be facing any major challenges at present. There is no reliable formal institution which carries ...

India is the 5th largest car manufacturer, 7th largest commercial vehicle manufacturer and largest manufacturer of two wheelers in the world.  Indian auto industry has embraced global automotive technologies in vehicle as well as auto component industry and consequently, uses innovative manufacturing processes which are more people oriented as compared to a high degree of automation which is prevalent elsewhere in the ...

Asset Quality Review (AQR) carried-out in 2015 for clean and fully Provisioned Bank Balance-Sheets revealed high incidence of Non-Performing Assets (NPAs). Expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans, were reclassified as NPAs and provided for. Public Sector Banks (PSBs) initiated cleaning-up by recognising NPAs and provided for expected losses. As a result ...

Pradhan Mantri Mudra Yojana (PMMY) provides access to institutional finance to unfunded micro / small business units by extending loans upto Rs.10 lakh for manufacturing, processing, trading, services and activities allied to agriculture, which help in creating income generating activities and employment.  Overdraft facility upto Rs.5,000/- under Pradhan Mantri Jan Dhan Yojana (PMJDY) is also covered under PMMY. Number of loans sanctioned ...

Asset Quality Review (AQR) carried-out in 2015 for clean and fully provisioned bank balance-sheets revealed high incidence of NPAs. Expected losses on stressed loans, not provided for earlier under flexibility given to restructured loans, were reclassified as NPAs and provided for. PSBs initiated cleaning-up by recognising NPAs and provided for expected losses. The gross NPA ratio for Public Sector Banks ...

The major ports in India have recorded a growth of 3.91% and together handled 174.02 Million Tonnes of cargo during the period April to June, 2018 as against 167.48 Million Tonnes handled during the corresponding period of previous year. For the period from April- June 2018, nine ports – Kolkata including Haldia, Paradip, Visakhapatnam, Kamarajar, Chennai, Cochin, New Mangalore, JNPT and ...

Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, released the final rankings of States in Ease of Doing Business in New Delhi today. The top rankers are Andhra Pradesh, Telangana and Haryana. Jharkhand and Gujarat stood fourth and fifth respectively. DIPP, Ministry of Commerce and Industry in collaboration with the World Bank conducted an annual reform ...

Dr. T.K Chand receives Knowledge Excellence Award from Secretary, Mines, Govt. of India for Outstanding Contribution in Aluminium Knowledge domain  Dr. Tapan Kumar Chand, CMD, NALCO, called upon industry leaders, policy makers and stakeholders in the Aluminium value chain to scale up production of the ‘wonder metal’ to meet the rising demand as consumption of Aluminium is poised to reach ...

“We are one team and should work together to provide electricity connection to every poor household in India. Access to energy is a prerequisite for a poverty free India. Energy is the engine of growth and no country can ever develop with millions of its citizen living without electricity” said Shri RK Singh, Union Minister (IC) for Power and New ...

The Khadi and Village Industries Commission (KVIC) today launched its, in-housedeveloped,single-umbrella e-marketing systemnamed Khadi Institution Management and Information System (KIMIS) in New Delhi. The system can be accessed from anywhere in the country for the sale and purchase of Khadi and Village Industries products. KVIC Chairman, Vinai Kumar Saxena, whileinauguratingthe KIMIS, said that it was the need of the hour ...