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The Startup India Seed Fund Scheme (SISFS), a flagship scheme under Startup India initiative has been implemented with effect from 1st April 2021. Under the Scheme, Rs. 477.25 crore has been approved to 133 incubators of which Rs. 211.63 crore has been disbursed as on 31st December 2022, Minister of State for Commerce and Industry, Shri Som Parkash said in ...

Export of total number of automobiles increased from 41,34,047 in 2020-21 to 56,17,246 in 2021-22, registering a positive growth of 35.9%. Out of this, export of Passenger vehicles including cars increased from 4,04,397 in 2020-21 to 5,77,875 in 2021-22, registering a positive growth of 42.9% and commercial vehicle increased from 50,334 in 2020-21 to 92, 297 in 2021-22, registering a positive ...

Mahanadi Coalfields Ltd (MCL), the premier CPSE under the Ministry of Coal has introduced drone technology in coal mines by launching a web- based portal VIHANGAM along with a drone and ground control system. The portal allows an authorised person to access real time drone video from the mine through a dedicated 40 Mbps internet lease line near the mines. There is ...

India’s overall coal production increased by 12.94% to 89.96 Million Ton (MT) from 79.65 MT during Jan’23 as compared to Jan’22. As per the provisional data of the Ministry of Coal, during Jan’23 Coal India Ltd (CIL) registered a growth of 11.44%, whereas SCCL and captive mines/others registered a growth of 13.93% and 22.89% respectively. Of the top 37 coal ...

Union Budget 2023-24 has a slew of measures to give boost to exports and help accelerated growth of manufacturing in the country.  The indirect tax simplification and rationalization has a clear export-oriented focus. Following are highlights for export and manufacturing Sector: The Department of Commerce’s recommendation on lab grown diamond (LGD) has been accepted whereby the research grant of Rs. ...

Investments in infrastructure and Productive capacity have a large multiplier impact on growth and employment” said the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman in Parliament today while presenting the Union Budget 2023-24. Capital Investment as a driver of growth and jobs To ramp the virtuous cycle of Investment and job creation the budget took lead again by ...

Union Minister of Civil Aviation and Steel, Shri Jyotiraditya M. Scindia along with General Dr. Vijay Kumar Singh (Rtd.) today inaugurated a flight connecting Bhubaneswar, Kolkata, and Jamshedpur. IndiaOne Air will operate this route from 31st January 2023. These operations shall be increased to daily operations effective from 01st February 2023 under the RCS-UDAN scheme. The schedule of the operations would ...

The combined Index of Eight Core Industries (ICI) increased by 7.4 per cent (provisional) in December 2022 as compared to the Index of December 2021. The production of Coal, Electricity, Steel, Cement, Fertilizers, Refinery Products and Natural Gas increased in December 2022 over the corresponding month of last year. ICI measures combined and individual performance of production of eight core industries viz. ...

The auction process of 141 coal/lignite mines for sale of coal was launched by the Nominated Authority, Ministry of Coal on November 03, 2022. The last date of submission of Technical Bid for all the coal was January 30, 2023. As part of the auction process, Technical Bids comprising of online and offline bid documents were opened here today (January ...

India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally.     The optimistic growth forecasts stem from a number of positives like the rebound of private consumption given a boost to production activity, higher Capital Expenditure (Capex), near-universal vaccination coverage enabling people to spend ...