As per International Energy Agency (IEA), India was the third largest coal producer in the world during 2016-17.  There is no shortage of coal in the Country. As on 1.04.2018 the vendible stock of coal was 55.6 MT and as on 15.12.2018 coal stock was 22.93 MT with CIL.  All India raw coal production has increased from 565.77 MT in ...

The growth of exports of products manufactured by MSME units has been 7.5%, during the financial year 2017-18. This was informed by Giriraj Singh, MoS (I/C) for the Ministry of MSME, in the Lok Sabha today.  The Minister further informed that the growth had been -5.9%, and 4.8% during 2015-16 and 2016-17 respectively. Giriraj Singh added that as per the ...

Foreign Direct Invest (FDI) has increased constantly from USD 45.15 billion in 2014-15 to USD 60.97 billion in 2017-18.This information was given by Minister of State for Commerce & Industry C. R.  Chaudhary in a written reply in the Lok Sabha today. To boost the investment environment and to bring in foreign investments in the country, the Government has brought ...

The Special Economic Zones (SEZs) policy was launched in April, 2000.  The Special Economic Zones Act, 2005, was passed by Parliament in May, 2005 which received Presidential assent on the 23rd of June, 2005.  The SEZs Rules, 2006 came into effect on 10th February, 2006.  The salient features of the SEZ scheme are:- A designated duty free enclave to be ...

 E-commerce activities are governed by a number of Regulations and Acts of the Government. Information Technology Act 2000 provides legal recognition for the transactions carried out by means of electronic data interchange and other means of electronic communication, which involve the use of alternatives to paper based methods of communication and storage of information. Ecommerce companies have to comply with ...

During the last four years i.e. from 2014-15 to 2017-18, Indian Railways has introduced 374 Mail/Express trains (excluding Premium Express rechristened as Suvidha Express). State-wise commissioning of New Line, Gauge Conversion and Doubling including the State of Jammu and Kashmir in the last four years are as under:-   State New Line (km) Gauge Conversion (km) Doubling (km) Assam and ...

Union Minister of State for Law & Justice and Corporate Affairs Shri P.P. Chaudhary said in Lok Sabha today that during financial year 2018-19, a total of 2,25,910 companies have been identified for action under Section 248 of the Act on the basis of non- filing of due returns for the financial Year 2015-16 & 2016-17. Due procedure shall be followed ...

In 2017, CIL has done source rationalization of 12 state owned power plants based on the requests from these plants. The quantity rationalized was about 13 MT. The approximate potential annual savings in transportation cost by these power plants would be to the tune of Rs 774 crore, details of which are as under: Sr. No State/ Developer Power Plant ...

            The Income-tax Department (ITD) takes appropriate action against black money which is an on-going process.  Such action under the Direct Tax laws includes searches, surveys, enquiries, assessment of income, levy of penalties and filing of prosecution complaints before criminal courts, wherever applicable. Moreover, recognizing the limitations of the Income-tax Act, 1961 etc. in dealing with black money stashed abroad, the ...

Minister of State for Planning (IC) and Chemicals & Fertilizers, Shri Rao Inderjit Singh, in a written reply to a question on current status of implementation of Petroleum, Chemical and Petrochemical Investment Regions (PCPIRs) projects in India, in Lok Sabha today, informed that as per Detailed Project Reports (DPRs), the projected investment on full realization of PCPIRs is Rs. 7.63 lakh ...