The Prime Minister, Shri Narendra Modi, today addressed the inaugural session of Advantage Assam – Global Investors Summit 2018, in Guwahati. Welcoming delegates to the Summit, the Prime Minister said that the North-East is at the heart of the Union Government’s Act East Policy. The Act East Policy envisions increased people to people contact, trade ties and other relations with ...

The Union Minister for Finance and Corporate Affairs Shri Arun Jaitley launched CriSidEx , India’s first sentiment index for micro and small enterprises ( MSEs) developed jointly by CRISIL & SIDBI here today. CriSidEx is a composite index based on a diffusion index of 8 parameters and measures MSE business sentiment on a scale of 0 (extremely negative ) to ...

As per preliminary reports received from the States, the total area sown under Rabi crops as on 2nd February 2018 stands at 632.34 lakh hectares as compared to 641.72 lakh hectare this time in 2017.           Wheat has been sown/transplanted in 300.70 lakh hectares, rice in 28.61 lakh hectares, pulses in 166.47 lakh hectares, coarse cereals in 56.27 lakh hectares and area sown under ...

Supply of coal to the Power Sector has risen to 210.3 Million Tonnes (MT) in the first six months of this fiscal against 195.2 MT during the corresponding period of 2016-17 thus recording growth of 7.74% (provisional).As per guidelines prescribed by CEA, the thermal power stations are required to keep average coal stock for 22 days consumption for smooth operations. ...

The coal supply to Non-Regulated Sector (NRS) is through Fuel Supply Agreements (FSAs) based on their long term linkage /Letter of Assurance (LoA) as recommended by Standing Linkage Committee (Long-Term). The coal supply to the steel Public Sector Units (PSUs) is also through Memorandum of Understanding (MoU). Ministry of Coal vide letter No. 23011/51/2015-CPD (Pt-I) dated 15.02.2016 issued policy guidelines for Auction ...

The National Highways Authority of India has invited bids for a length of 10,460 km, costing nearly Rs.1,75,000 crore till January, 2018, and is all set to achieve a quantum jump in the award of road projects in the year 2017-18. Further bids in another 1,000km will be invited within the next 15 days. The average length of road projects ...

Inland Waterways Authority of India (IWAI) signed a project agreement with the World Bank today, even as the latter entered into a US $ 375 million loan agreement with the Department of Economic Affairs, Ministry of Finance for Jal Marg Vikas Project (JMVP).The signing of the Agreement  follows the approval of  the Cabinet Committee on Economic Affairs, for the implementation ...

In keeping with the Government’s focus on strengthening the Railways network in the country the General Budget 2018-19 has enhanced the allocation for the Ministry. Presenting the Budget in the Parliament here today,  the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley said that Railways’ Capex for the year 2018-19 has been pegged at Rs.1,48,528 crore.  A large ...

Announcing that a provision of Rs. 3794 crore has been provided in the General Budget 2018-19 for the Medium, Small and Micro Enterprises (MSMEs),the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley said that this has been done to provide credit support, capital and interest subsidy and innovations to this Sector. Presenting the General Budget    2018-19 in Parliament ...

The Government has initiated efforts to generate funds as well as undertake banking sector reforms. The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitely, while presenting the General Budget 2018-19 in Parliament here today said that the Government has initiated the process of strategic disinvestment in 24 CPSEs including strategic privatization of Air India.     Highlighting the Government’s effort ...