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India emerges as 5th largest forex reserves holder in the world with $608.99 billion as on June 25, 2021

With India’s forex reserves at $608.99 billion as on June 25, 2021 stood, India has emerged as the fifth largest foreign exchange reserves holder in the world after China, Japan, Switzerland and Russia. This was stated by Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in the Lok Sabha today. The Minister stated ...

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104 startups from different sectors have currently on boarded on the Startup India Showcase Platform

Startup India Showcase is an online discovery platform for the most promising startups of the country. These innovations span across various cutting-edge sectors such as Fintech, EntrepriseTech, Social Impact, HealthTech, EdTech, among others. Ecosystem stakeholders have evaluated, nurtured, and supported these startups.  These startups are solving critical problems and have shown exceptional innovation in their respective sectors. https://www.startupindia.gov.in/startup-india-showcase#/ Features of ...

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Total Steel Production Capacity in the Country at Present is 143.91 Million Tonnes

The total steel production capacity of the country at present is 143.91 million tonnes. The details of units engaged in steel production, both in Public and Private Sector are enclosed as Annexure. As per Indian Mineral Yearbook, 2019 published by Indian Bureau of Mines, there were 254 reporting mines in 2018-19, out of which 35 mines were in the Public Sector ...

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10.78 Million Ton Total Finished Steel Exported in 2020-21

Details of export of finished steel as compared to imports is given as follows: –                                                                                            (in Million Ton) Year Total Finished Steel   Import Export 2020-21 4.75 10.78 April-June, 2021* 1.16 3.56                 *Provisional, Source: Joint Plant Committee (JPC) Steel is a de-regulated sector.  Commercial decisions such as exports are taken by the steel companies. The details ...

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Government launches National Logistics Excellence Awards

With a view to turn the spotlight on the logistics sector, the Government today announced the launch of National Logistics Excellence Awards. The framework of awards has been finalised in consultation with the logistics associations and forum user industry partners. The awards are in two categories, the first group includes logistics infrastructure/service providers and second one is for various user ...

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Government approves continuation of Rebate of State and Central taxes and Levies (RoSCTL) on Export of Apparel/ Garments and Made-ups

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval for continuation of Rebate of State and Central taxes and Levies (RoSCTL) with the same rates as notified by Ministry of Textiles vide Notification dated 8th march 2019, on exports of Apparel/Garments (Chapters-61 & 62) and Made-ups (Chapter-63) in exclusion from Remission of Duties and Taxes ...

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Cabinet approves scheme for promotion of flagging of merchant ships in India by providing subsidy support to Indian shipping companies in global tenders floated by Ministries and CPSEs

In order to achieve the objective of Atmanirbhar Bharat, the Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved a scheme to provide Rs.1624 crore over five years as subsidy to Indian Shipping companies in global tenders floated by Ministries and CPSEs for import of  government cargo in the following manner: For a ship which is flagged in India ...

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Steel Minister Shri Ram Chandra Prasad Singh holds the performance review meeting of RINL, MSTC, KIOCL AND MOIL

Union Minister of Steel Shri Ram Chandra Prasad Singh,along with Shri Faggan Singh Khulaste, MoS,today reviewed the activities and performance of RINL & its subsidiaries- BSLC & OMDC, MSTC & its subsidiary FSNL, KIOCL and MOIL. CMD, RINL made a presentation regarding its physical and financial performance, major ongoing projects, important initiatives, areas of concern and the way forward. Steel ...

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NTPC strides towards building 60 GW Renewable Energy capacity by 2032

NTPC Renewable Energy Ltd , a 100% subsidiary of NTPC, has received the go-ahead from Ministry of New and Renewable Energy (MNRE) to set up 4750 MW renewable energy park at Rann of Kutch in Khavada, Gujarat. This will be India’s largest solar park to be built by the largest power producer of the country. NTPC Renewable Energy Ltd (NTPC ...

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Indian stem cell & developmental biologist part of WHO advisory committee on human genome editing

Indian stem cell and developmental biologist Prof. Maneesha S Inamdar has been part of the WHO Expert Advisory Committee on Developing Global Standards for Governance and Oversight of Human Genome Editing, which released two new companion reports providing the first global recommendations to help ensure that human genome editing is used for public health, with an emphasis on safety, effectiveness, ...

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