Index of Eight Core Industries(Base: 2011-12=100) December, 2017  The summary of the Index of Eight Core Industries (base: 2011-12) is given at the Annexure.             The Eight Core Industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).  The combined Index of Eight Core Industries stands at 129.1 in December, 2017, which was 4.0 ...

Is there a low equilibrium trap if fiscal federalism is not achieved? This was the question posed by the Economic Survey 2017-18 tabled by the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley in Parliament today. The Survey pointed out that low level of tax collections by the local Governments in rural areas is posing challenge in reconciling ...

The prospect of rapid expansion in the Aluminium sector in Odisha, especially in the upcoming Angul Aluminium Park has attracted the attention of the visiting high level delegation team from Italy to set the platform for investment and collaboration with its counterparts in Odisha and India.The Aluminium Association of India (AAI) held the Indo-Italian Metal Hub seminar in NALCO Nagar, ...

18 November 2017, Jaipur: The 12th Biennial International Conference & Exposition of Society of Petroleum Geophysicists (SPG) India was inaugurated by Union Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship at Jaipur today. The three days International Conference & Exposition of SPG India will remain open till 19th November 2017. During his second consecutive visit to SPG ...

17 Nov 2017, Cochin: The Minister of Shipping, Road Transport & Highways and Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari has said that Cochin is all set to become a global ship repair hub. He was speaking at Cochin, after laying the foundation stone for a Rs 970-crore International Ship Repair Facility (ISRF) for Cochin Shipyard Limited. The ...

16 November 2017: The Prime Minister, Narendra Modi, reviewed progress of key infrastructure sectors including PMGSY, housing, coal and power. The review meeting, which lasted for about two and a half hours, was attended by top officials from PMO, NITI Aayog and infrastructure Ministries of the Government of India. In course of the presentation made by CEO NITI Aayog, it ...

Union Minister for Petroleum and Natural Gas, Skill Development & Entrepreneurship, Dharmendra Pradhan inaugurated a first-of-its-kind Petrochemical Investors Conclave in Bhubaneswar in the presence of Shashi Bhusan Behera, Minister of Finance and Excise, Prafulla Samal, Minister of Micro, Small & Medium Enterprises, Govt. of Odisha, and other dignitaries. Over 750 delegates attended the Conclave. Addressing the gathering, Pradhan said that India’s ...

The provisional figures of Direct Tax collections up to October, 2017 show that net collections are at Rs. 4.39 lakh crore which is 15.2% higher than the net collections for the corresponding period of last year. Net Direct Tax collections represent 44.8% of the total Budget Estimates of Direct Taxes for F.Y. 2017-18 (Rs. 9.8 lakh crore).  Gross collections (before adjusting for refunds) have increased by 10.7% to Rs.5.28 ...

Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a stringent test with respect to their credit worthiness and credibility; Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Resolution Process, 2016 impose a greater responsibility on the Resolution Professionals  and the Committee of Creditors in discharging their duties. Insolvency and ...

The meeting of Price Stabilization Fund Management Committee (PSFMC) headed by Secretary, Consumer Affairs, Avinash K Srivastava was held in New Delhi on 09.11.2017. In the meeting, decision was taken to import onions through Government Agency to augment the availability of onions in market to moderate prices. Further, it was also decided that NAFED and SFAC to procure 10,000 MT ...