In line with the Union government’s commitment towards Make in India policy, the Shipping Ministry has introduced amendments in the right of first refusal (ROFR) licensing conditions. The amendments aim to promote the demand for ships built in India by giving priority to the chartering of vessels built and flagged in India while owned by…
The country’s first multi-model Logistic Park was launched in Assam. Nitin Gadkari, Union Minister for Road Transport, Highways and MSMEs laid the foundation stone of this Rs 693.97 crore Logistic Park at Jogighopa in Assam. It will offer direct road, rail, air as well as waterways connectivity. To be delivered under Bharatmala Pariyojana, the logistic…
Sikkim IFFCO Organics Ltd (SIFCO), a joint venture between Indian Farmers Fertiliser Cooperative (IFFCO) and the Sikkim government, has kick-started the construction of integrated food processing units in Sikkim. These plants will boost organic farming in the state and will be a great step forward in doubling farmers’ income as the produce will be directly…
National Highway Authority of India (NHAI), the autonomous agency of the Government of India, has awarded a bundle of nine toll plaza projects across UP, Bihar, Jharkhand, and Tamil Nadu under its Toll-Operate-Transfer (ToT) mode. Known as ToT 3 bundle project, it has been awarded to Cube Highways which has received the upfront consideration of…
The Union Ministry of Agriculture and Farmers’ Welfare has come up with Rs 10,000 crore NCDC Ayushman Sahakar Fund to strengthen healthcare infrastructure through cooperatives. Narendra Singh Tomar, Minister of. Agriculture & Farmers Welfare, Food Processing Industries, Rural Development and Panchayati Raj launched this fund as well as Ayushman Sahakar Fund to help cooperative create…
In a meeting on COVID Appropriate Behaviour chaired by Dr. Harsh Vardhan, Minister of Science and Technology it was brought to light that there are nine vaccine candidates in the world in advanced stages of their trial. Three more vaccine candidates are being developed in India out of which one in advance stage 3 and…
India’s forex as well as gold reserves have surged to soar high even though the country’s economy is passing through a challenging period. Forex reserves of India have jumped to a record 551.505 billion dollars. The country’s gold reserves as well have surged to 36.598 billion dollars in the month of October. The country’s special…
Housing and Urban Affairs Ministry has come up with a series of incentives including free FAR, free of cost trunk infrastructure facilities, besides concessional finance of the project under its scheme for Affordable Rental Housing Complexes (ARHC) creation for the poor and urban migrants under Pradhan Mantri Awas Yojana-Urban (PMAY-U), informed the Minister of State(I/C),…
In view of the fast-approaching winter and the festive season, it is imperative to adopt Corona-appropriate behaviour like wearing masks, following social distancing, besides maintaining hand hygiene. The AYUSH ministry has also started promoting a pledge for safety during the pandemic among the government employees, grassroot organizations, subordinate offices and the general public. With its…
Due to the rapid spread of COVID-19 pandemic, the International Monetary Fund(IMF) had earlier forecast the growth in the world economy to be -5.2 percent, however, in its latest report it has revised its forecast to -4.4 percent growth and has expected less severe recession then it predicted earlier. According to Gita Gopinath, Chief Economist,…
