The recommendations of the Standing Committee on Chemicals and Fertilizers regarding reduction of GST on micronutrients and raw materials was taken to 53rd GST Council which has referred the matter to the Group of Ministers (GoM) on Rate Rationalisation for a holistic view. Under New Investment Policy (NIP), to facilitate fresh investment in the urea sector and to make India self-sufficient, 6 ...

Government has implemented Nutrient Based Subsidy Policy w.e.f. 1.4.2010 for Phosphatic and Potassic (P&K) Fertilizers. Under NBS policy, P&K fertilizers are covered under Open General License (OGL) and companies are free to import these fertilizers as per their business dynamics. In order to ensure smooth availability of DAP at affordable prices to farmers, Government has provided special packages on DAP ...

Most of the demand of coal in the country is met through indigenous production/supply. The actual demand for coal increased to1233.86 Million Tonnes (MT) in 2023-24 from 1115.04 MT in 2022-23. As against the increased coal demand, domestic coal production has also increased. In 2023-24, the domestic coal production increased by 11.65% to reach 997.26 MT from 893.19 MT in ...

The Government recognizes the importance of sustainable logistics for India’s economic growth and environmental well-being. Several initiatives have been taken to promote sustainable Logistics Industry, leveraging technologies including digitalization and automation. The PM GatiShakti National Master Plan (NMP) platform aims at enhancing industrial productivity and helping the country achieve its green logistics and clean energy goals through multi-modal connectivity across ...

The Tea Development & Promotion Scheme for the period 2023-24 to 2025-26 inter alia includes a range of incentives for small tea growers by mobilising them into self help groups (SHGs) and farmer producer organisations (FPOs). The assistance is aimed to increase their productivity and quality, greater value addition and thereby greater price realisation. The assistance/support is provided for common ...

The current status of the export of seafood from the country is given below:-   Financial Year Quantity (Lakh Tonnes) Export (in Crores INR) 2023-24* 18.19 61043.68 2024-25 (April-May) 2.57 8924.01 *Provisional   State-wise volume of exports of seafood from the country is given below: Some increase in freight cost has been reported by industry. However, exports from India are ...

India’s real GDP is projected to grow between 6.5–7 per cent in 2024-25. The Indian economy recovered swiftly from the pandemic, with its real GDP in FY24 being 20 per cent higher than the pre-COVID, FY20 levels. This was stated by the Economic Survey 2023-24 presented in Parliament today by the Union Minister of Finance and Corporate Affairs Smt Nirmala ...

With the global labour market amidst a ‘disruption,’ and constantly being reshaped by the fourth industrial revolution, the Economic Survey 2023-24 tabled in Parliament by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, recognizes that India would also not remain immune to the transformation caused by it. REQUIREMENT OF JOB CREATION UNTIL 2036 The Economic Survey 2023-24 notes ...

The Ministry of Environment, Forests and Climate Change has identified Crop Residue Management as one of the priority areas for prevention of air pollution. In this matter, deliberations and discussions held in series of meetings with the State Governments of Punjab, Haryana, UP, Rajasthan, Government of NCT of Delhi, State Pollution Control Boards of NCR States and Delhi Pollution Control ...

The coal sector has showcased highest growth of 10.6 % (provisional) among the eight core industries for the month of December 2023 as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by Ministry of Commerce & Industries. The index of coal industry has reached 204.0 points during Dec’23 as compared to 184.4 points during the same ...