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Coal Sector Achieves Highest Growth of 10.2 % among Eight Core Industries in January 2024

The coal sector has demonstrated highest growth of 10.2 % (provisional) among the eight core industries for the month of January 2024 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 218.9 points during Jan’24 as compared to 198.6 points during the same ...

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250 Rubber Producers Societies to be formed in next 2 years to empower rubber growers

The financial assistance for the Rubber sector under the ‘Sustainable & Inclusive Development of Natural Rubber Sector’ has been increased by 23% from Rs 576.41 crore to Rs 708.69 crore for the next 2 financial years (2024-25 and 2025-26). To support the rubber industry, planting of rubber will be undertaken in 12,000 ha in traditional areas during 2024-25 and 2025-26 ...

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Quality Council of India and Open Network for Digital Commerce launch DigiReady Certification Portal to empower MSMEs and small retailers

As our nation’s backbone, the Micro, Small, and Medium Enterprises (MSME) sector plays a pivotal role in fostering employment opportunities and reducing regional imbalances. In a significant stride towards fostering digital inclusion in the MSME sector, the Quality Council of India (QCI) and Open Network for Digital Commerce (ONDC) are proud to announce the launch of the DigiReady Certification (DRC) ...

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AAI and other private airport operators have taken up the development of new and existing airports with a projected capital expenditure of around Rs. 98,000 crore over the next five years.

In order to meet the challenges presented by this unprecedented growth in air traffic, the Airports Authority of India is undertaking development of infrastructure at the airports, depending upon the commercial viability, traffic demand, availability of land etc. Further, in order to boost the growth in the aviation sector, AAI and other private airport operators have taken up the development ...

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35 Railway stations are covered with 572 One Station, One Product outlets

Ministry of Railways has launched ‘One Station One Product’ (OSOP) scheme over Indian Railways with objectives to promote ‘Vocal for Local’ vision of the Government of India, provide a market for local/indigenous products and create additional income opportunities for the marginalised sections of society. Under the scheme, OSOP outlets at railway stations are allotted for showcasing, selling and giving high ...

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SAIL Declares Q1 Results for Financial year 2022-23, Posts more than 16% Growth in Revenue from Operations Over CPLY

Steel Authority of India Limited (SAIL) posted its financial performance for the first quarter of the current financial year 2022-23 (Q1 FY 23). The company saw a growth of 16.4% in its revenue from operations in Q1 FY23 over corresponding period last year. SAIL also recorded the best ever Q1 production.     Performance of Q1 FY 23 at a ...

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50 million EXIM containers handled under Logistic Data Bank project

NLDSL-NICDC Logistics Data Bank’s LDB Project has achieved a milestone of handling 50 million EXIM containers since its inception six years ago. Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal congratulated the entire team of NLDSL for achieving the milestone. Sh. Amrit Lal Meena, Chairman NLDSL, said that NLDSL is striving ...

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Overall share of goods exports in GDP increased to 13.3% in 2021-22 from 10.9% in 2020-21

The share of exports of goods and services in GDP has increased from 18.7% in 2020-21 to 21.4% in 2021-22. The details of exports of goods and services and Gross Domestic Product (GDP) at current prices, and percentage share of India’s exports in GDP for the last five financial years (latest available data) are as follows:   S.No. Year India’s ...

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Indian Railways break several records in freight loading during Financial Year-2021-22

Indian Railways has for the first time ever breached the 1400 MT Freight Loading mark in this Financial Year. The Originating Freight Loading of Indian Railways for the FY 2021-22 stood at 1418.1 MT (provisional) which is 15% more than the previous best set in FY 2020-21 at 1233.2 MT. The incremental loading of ~ 185 MT has been led ...

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Share of states in Crop Insurance Scheme

Pradhan Mantri Fasal Bima Yojana (PMFBY) is a voluntary Scheme.  The premium under the scheme is determined through biding however, farmers have to pay maximum 2% for Kharif, 1.5% for Rabi food and oilseed crops and 5% for commercial/horticultural crops and the balance of actuarial/bidded premium is shared by the Central and State Government on 50:50 basis and 90:10 in ...

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