PROMOTING INVESTMENTS Several of the tax proposals announced by the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman, while presenting the Union Budget 2019-20 in Parliament today, are aimed at promoting investments in Sunrise Advanced Technology industries and in Start-ups.  To boost  economic growth and Make in India, a Scheme is to be launched to invite global companies ...

The Union Minster of Finance and Corporate Affairs, Nirmala Sitharaman said that FDI inflows into India have remained robust despite global headwinds. Presenting the Union Budget 2019-20 in Parliament today, she said that India’s FDI inflows in 2018-19 remained strong at USD 64.375 billion marking a 6% growth over the previous year. The Finance Minister proposed the following steps to ...

Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Union Budget 2019-20 in Parliament today. Union Minister for Chemicals & Fertilizers, Shri D.V. Sadananda Gowda thanked the Finance Minister for increased allocation towards the Fertilizer Subsidy and said that the increased allocation would further help in increasing the efficiency of subsidy transfers to the farmers through DBT. ...

GDP to grow at 7% in 2019-20 due to growth of investment & consumption Service exports enhanced to Rs. 14.389 lac cr in 2018-19 from Rs. 0.746 lac cr in 2000-01. India’s share in world service exports increased from 2% in 2005 to 3.5 % in 2017 India’s foreign exchange reserves comfortably placed at US $ 422.2 billion in June ...

As per the Public Enterprise Survey (PES), which is laid every year in both the Houses of the Parliament by Department of Public Enterprises (DPE), certain statutory corporations and all Government Companies in which more than 50% equity is held by the Central Government are classified as CPSEs. The Subsidiaries of these Companies in which any CPSE has more than ...

The State-wise number and details of the Steel plants established by the Government and other enterprises in the country at present are given at Annexure. To promote a Steel SPV in the state of  Jharkhand, an MoU between Ministry of Steel, Government of Jharkhand and NMDC was signed on 28th June, 2015.  Owing to non-allocation of captive iron ore mining lease by ...

India has achieved a record high of USD 330. 07 billion of merchandise exports in the year 2018-19, registering a positive growth of 8.75% as compared to the previous year. Government has taken following steps to increase exports: A new Foreign Trade Policy (FTP) 2015-20 was launched on 1st April 2015. The policy, inter alia, rationalised the earlier export promotion schemes ...

No anti-dumping duty has been imposed recently on Indian shrimp exports by the United States of America. However, US had imposed anti-dumping duty on import of frozen warm water shrimps from certain countries, including India, in 2004, based on the representations of Southern Shrimp Producers Alliance, an association of local shrimp producers in USA. The Initial anti-dumping duty imposed by ...

Developmental and research activities for supporting natural rubber sector for the welfare of growers are carried out by Rubber Board through the scheme “Sustainable and Inclusive Development of Natural Rubber Sector” in the Medium Term Framework (MTF) (2017-18 to 2019-20).  The development activities include financial and technical assistance for planting, supply of quality planting materials, support for grower forums and ...

Review of Foreign Direct Investment (FDI) policy is an ongoing process and changes are made in the FDI policy regime, from time to time, to ensure that India remains an attractive investment destination. FDI in various sectors is allowed in a calibrated manner after having intensive consultations with stakeholders including concerned Ministries and Departments, State Governments, apex industry chambers, associations ...