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The total number of steel plants in the country is 977.  In the public sector, work is currently going on in NMDC Steel Plant in Nagarnar, Chhattisgarh which is a Greenfield steel plant. Steel is a deregulated sector where market forces and commercial considerations decide construction of new steel plants. The import of steel has increased marginally in the last ...

Presenting the first Union Budget of the third decade of 21st century, Finance Minister Smt. Nirmala Sitharaman, today unveiled a series of far-reaching reforms, aimed at energizing the Indian economy through a combination of short-term, medium-term, and long-term measures. The Key Highlights of Union Budget 2020-21 are as follows: Three prominent themes of the Budget Aspirational India – better standards of living ...

Union budget proposes Rs. 22000 Crore for Power and Renewable Energy sector in Current FY National Gas Grid to be expanded from the present 16200 km to 27000 km Government to consider corporatizing at least one major port and its listing on stock exchanges Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman, while presenting the Union Budget 2020-21, ...

The Finance Minister, Nirmala Sitharaman, announced the NIRVIK scheme in the Union Budget 2020-21 in Parliament today. It will provide high insurance cover for exporters and reduce premium for small exporters. To achieve higher export credit disbursement, a new scheme NIRVIK is being launched which provides for high insurance cover, reduction in premium for small exporters and simplified procedures for ...

Sovereign Wealth Fund of Foreign Governments in Priority Sectors to Get100% Tax Exemption in Interest, Dividend and Capital Gains Income Encourages Manufacture of Mobile Phones, Electronic Equipment and Semi-Conductor Packaging The Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman, has said that entrepreneurship has always been the strength of India and our young men and women have been contributing ...

Policy to Create a Single Window E- Logistics Market Will Generate Employment and Make MSMES Competitive – Nirmala Sitharaman A National Logistics Policy will be released soon and it will clarify the roles of the Union Government, State Governments and key regulators said Finance Minister, Nirmala Sitharaman. She was presenting the Union Budget 2020-21 in Parliament today. The policy will ...

India’s overall exports (Merchandise and Services combined) in April-December2019-20* are estimated to be USD 397.48 billion, exhibiting a positive growth of 0.93 per cent over the same period last year. Overall imports in April-December 2019-20* are estimated to be USD 455.14 billion, exhibiting a negative growth of (-)5.82 per cent over the same period last year. *Note: The latest data ...

Moving ahead after the recent amendments MMDR Act 1957 and the CMSP Act 2015,the Ministry of Coal is initiating the process for auction of coal mines for sale of coal.Expected to be held in multiple tranches, the first tranche is proposed to be launched in the current financial year. The Union Ministerfor Coal and Mines ShriPralhad Joshi said that this ...

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of November 2019 stands at 128.4, which is 1.8 percent higher as compared to the level in the month of November 2018. The cumulative growth for the period April-November 2019 over the corresponding period of the previous year stands at 0.6 percent. 2.     The ...

Shri Dharmendra Pradhan said the report’s findings are a vindication of the significant advances made in realizing the energy vision enunciated by Hon’ble Prime Minister In-depth Review of India’s Energy Policies report by International Energy Agency (IEA) was launched in New Delhi today by Shri Dharmendra Pradhan, Minister of Petroleum and Natural Gas & Steel, Shri Pralhad Joshi, Minister of ...