Steel Authority of India Limited, one of the Maharatna companies and listed among the largest steelmakers in India, has recorded a strong performance during Q2 of FY’21. It has posted Rs 610.32 crore profit before tax (PBT) and Rs 393.32 crore profit after tax (PAT) over the corresponding period of the last year (CPLY). Registering…
HIL (India) Ltd, a public sector undertaking under the Ministry of Chemicals and Fertilizers, has achieved 65% growth in the first two-quarters of FY2020-20 as compared to the same period last financial year. It has registered significant growth due to the massive quantity of DDT and various other agrochemicals shipped to Iran, Latin Amerca, 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…
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,…
The Ministry of Micro, Small, and Medium Enterprises (MSMEs) has cautioned MSMEs against several fraudulent websites charging money from the gullible MSMEs for facilitating registration. It has reiterated that registration should only be done on Government’s websites and that to address this issue, the Government of India has already taken various measures. Moreover, under the…
Minister of Road Transport and Highways, Nitin Gadkari said that the contribution of the MSME industry to the country’s GDP needs to be enhanced and there is an urgent need to look towards improving their presence in the 115 identified aspirational districts. He said these can uplift the employment scene if focussed attention is drawn…
Prime Minister Narendra Modi discussed the roadmap of Banks and NBFCs in a meeting held with the stakeholders. Apart from deliberating upon the crucial role of the financial system in supporting growth, the meeting outlined that small entrepreneurs, farmers, and SHGs are required to be motivated to avail institutional credit for their growth. The discussion…
Prime Minister Narendra Modi is set to discuss the roadmap for the future with the stakeholders of banks and NBFCs. The topics of the discussion will include credit products, besides efficient models for financial empowerment through technology, efficient delivery models, the sustainability of the financial sector, and prudent practices for stability. The meeting which will…
With an aim to promote tribal commerce, TRIFED (Tribal Cooperative Marketing Development Federation of India) under the Ministry of Tribal Affairs, has undertaken an all-encompassing digitisation drive. The initiative also involves setting up e-platforms of international standards to link artisans and village-based tribal producers, besides mapping them. The initiative is targeted at effectively promoting tribal…
Addressing a knowledge session-cum-webinar on Consumer Protection Act 2019 held in Kolkata, Raosaheb Patil Danve, Union Minister of State for Consumer Affairs and Food and Public Distribution, said the CPA would turn out to be a vital tool in protecting consumer rights by simplifying the consumer dispute adjudication process. While inaugurating the session he said,…
