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The National Policy on Biofuels-2018 notified on 8.6.2018, inter-alia, allows production of ethanol from damaged food grains like wheat, broken rice etc. which are unfit for human consumption. The policy also allows conversion of surplus quantities of food grains to ethanol, based on the approval of National Biofuel Coordination Committee. Use of damaged foodgrains and surplus foodgrains for production of ethanol will ...

The Ministry of Micro, Small and Medium Enterprisesis striving to increase the number of micro and small industries in the country on a sustainable basis through implementation of various schemes andprogrammes. The Ministry provides better credit facility, technology upgradation and skilling to boost the entire MSME eco-system. Followings are the major schemes being implemented by Ministry of MSME:  (i)    ...

The Government is constantly taking various initiatives to boost investment in the economy, including economically backward area, which, inter-alia, include; measures to improve ease of doing business, comprehensive reforms in the Foreign Direct Investment (FDI) Policy, various facilitation measures under the flagship programmes like Make-in-India, Start-up India, reduced Corporate Tax rate of 25 per cent for companies with turnover up ...

            To strengthen the Public Sector Banks (PSBs), over the last four financial years, the Government of India has taken comprehensive steps under its 4R’s strategy of recognising NPAs transparently, resolving and recovering value from stressed accounts through clean and effective laws and processes, re-capitalising banks, and reforming banks through the PSB Reforms Agenda. Over ...

The Government of India has set- up a Project Monitoring-Invest India Cell (PMIC), earlier known as Project Monitoring Group, for resolving of issues and fast tracking the setting-up and expeditious commissioning of large Public, Private and Public-Private Partnership (PPP) Projects. However, there is no prescribed criterion for classifying a project as a Stalled Project. The primary focus of PMIC is ...

National Bank for Agriculture and Rural Development (NABARD) has reported that it extends refinance to banks and provides loan assistance to the State Governments for promotion and development of agriculture and other rural activities. State-wise financial assistance provided by NABARD to State Governments during the last three years under various Funds i.e. Rural Infrastructure Development Fund (RIDF), Long Term Irrigation ...

As per Reserve Bank of India (RBI) data on global operations, aggregate gross advances of Public Sector Banks (PSBs) increased from Rs. 18,19,074 crore as on 31.3.2008 to Rs. 52,15,920 crore as on 31.3.2014. As per RBI inputs, the primary reasons for spurt in stressed assets have been observed to be, inter-alia, aggressive lending practices, wilful default / loan frauds ...

In order to redress investors ‘grievances, action has been initiated against 95 companies in 2016-17, 101 companies in 2017-18 and 75 companies in 2018-19 under various provisions of the Companies Act. This was stated by the Union Minister of Finance & Corporate Affairs, Smt. Nirmala Sitharaman in a written reply to a question in Lok Sabha Citing rules, Smt. Sitharaman ...

The Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of February 2019stands at 127.5, which is 0.1 percent higher as compared to the level in the month of February 2018. The cumulative growth for the period April-February 2018-19 over the corresponding period of the previous year stands at 4.0 percent. 2.        The Indices ...

  National Aluminium Company Limited (NALCO), the Navratna CPSE, under Ministry of Mines, Govt. of India and country’s leading manufacturer and exporter of alumina and aluminium has recorded an all-round success and global benchmarks in the Fiscal 2018-19. Along with significant achievements on production front, NALCO achieved the distinction of lowest cost producer of alumina in the World (as per the ...