Prime Minister Narendra Modi while interacting with the leaders and the heads of Indian Missions abroad from the trade world on the theme Local Goes Global-Make in India said it is due to technological, financial and physical connectivity that the world is getting smaller day by day. He said new possibilities for the expansion of…
Rapidly spreading Delta variant of coronavirus in top oil consuming countries has become a cause of concern for Brent crude oil producing countries. According to the analysts it will limit the demand for fuel. Hence the Brent crude oil future has declined 67 cents reaching to 71.74 dollars per barrel while US crude fell 86…
Power Minister R.K. Singh informed direct employment to 30,000 people and indirect jobs to 1.2 lakh people has been targeted by the ‘National Programme on High Efficiency Solar PV Modules’. A production linked incentive scheme (PLI)for solar energy sector has been approved by the union cabinet. The scheme has the investment outlay of about Rs…
Despite pandemonium, the Lok Sabha successfully passed two important bills—“National Institutes of Food Technology, Entrepreneurship and Management Bill, 2021” and “Factoring Regulation (Amendment) Bill, 2021”. Speaking on the Factoring Regulation (Amendment) Bill, 2021, finance minister Nirmala Sitharaman said, “the bill simplifies the definition of factoring business, in which banks, or Non-Banking Finacial Companies (NBFCs), or…
In a distinct move the government has removed custom duty on Masur Dal. The government has also reduced agriculture infra development cess on it from 20% to 10 %. Both these steps taken by the union government are aimed at checking the price rise of this everyday staple in the country while boosting its domestic…
Investment Information & Credit Rating Agency (ICRA) Limited expects the government is all set to exceed its target of budgeted tax collection of Rs 22.2 lakh crore led by indirect taxes in the current fiscal. Last year the government was successful in collecting 20.2 lakh crore rupees as tax and it looks forward to achiheve…
Recently the union cabinet has approved production linked incentive scheme for speciality steel and the Confederation of Indian Industry (CII) has welcomed it. TV Narendren, President, CII said the decision will drive global competitiveness of Indian manufacturers besides boosting investment in high grade steel sector. Chandrajit Banerjee, DG, CII said the initiative will lend strength…
Reserve Bank of India (RBI) may soon come up with central bank digital currency (CBDC). Deputy Governor of RBI, T Rabi Shankar informed that the apex bank is considering a phased implementation strategy and its examining the use cases to be implemented without any disruption. For the same, it’s all set to conduct pilots in…
Maharashtra chapter of Naredco has announced the launch of Naredco Neral-Karjat unit in the state. Aimed at creation of affordable housing stock of over 40000 homes by 100+ members associated with Naredco Neral-Karjat unit, the move is expected to offer an opportunity to the homebuyers to buy RERA registered affordable properties in Neral -Karjat region located…
An MoU has been signed between Tata Steel Mining Limited (TSML) and Jindal Stainless Limited (JSL) for joint mining of the Chromite Ore locked up in the boundary between their mines located in Sukinda of Jajpur district, Odisha. The initiative will also help in the conservation of Chromite Ore which would have been forever left…
