A Memorandum of Understanding (MoU) was signed between the Ministry of New and Renewable Energy (MNRE) and the Indian Renewable Energy Development Agency (IREDA) with key targets for 2020-21. The MoU was signed by Pradip Kumar Das, Chairman and MD, IREDA, and Indu Shekhar Chaturvedi, Secretary, MNRE amid the presence of the officials from IREDA…
The Ministry of Consumer Affairs, Food, and Public Distribution has come out with a pilot scheme with a budget outlay of Rs 1746 crore for the supply of fortified rice in 15 states with a special focus on 112 aspirational districts identified by it. Out of these five states including Gujarat, Maharashtra, Andhra Pradesh, Chhatisgarh,…
The government of India has transferred the second tranche of Rs 6000 crore to sixteen states and three union territories as GST compensation. The first tranche of Rs 6000 crore was already released earlier. Hence, the Government has facilitated loans of Rs 12000 crore in total through a special window to states and union territories….
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…
The Union Cabinet has approved the second and third phases of the nationwide dam rehabilitation and improvement (DRIP) project to ensure safety, rehabilitation, and improvement of dams. The project with a budget outlay of Rs 10,211 crore is aimed at funding physical rehabilitation of dams to ensure water security, support and sustainable development simultaneously with…
Direct Port Entry (DPE) facility at VO Chidambaranar port, spread over 18,357 sqm, and developed under the Sagarmala project was inaugurated by Mansukh Mandaviya, Union Minister of State for Shipping (I/C). The DPE would facilitate the movement of containers directly from factories, without any intermediate handling at CFS. It can handle 18000 TEUs per month…
India’s largest power producer National Thermal Power Corporation Limited (NTPC Ltd) has entered into a JPY 50 billion (USD 482 million equivalent to INR 3,582 crore) foreign currency loan agreement with Japan Bank for International Co-operation (JBIC). The loan amount will be utilized by the NTPC towards funding its Capex for FGD (Flue Gas Desulphurization)…
It’s a welcome opportunity for the taxpayers struggling to settle their tax disputes. The Government has extended the payment date under its ambitious tax settlement Vivad Se Vishwas Scheme from December 31, 2020 to March 31, 2021. A notification regarding this has been issued according to which tax payment without any additional amount can be…
Union Government’s Mission ‘Vande Bharat’ launched on May 7 with the aim to repatriate Indians stranded in foreign countries and to transport the foreigners stranded in India back to their own countries ever since the COVID-19 induced lockdown came into effect, is all set to enter its seventh phase from October 29. Under the the…
Defence Minister Rajnath Singh has dedicated to the nation a 19.85 Km long Alternate Alignment (from km 0.00 to km 19.350) of National Highway (NH)310 in Sikkim. The road serves as an important link to bolster defence preparedness in the Nathula sector as well as in entire East Sikkim in general.The previous alignment was extensively…
