According to the fourth advance estimate released on August 28, 2018, country’s foodgrain production is estimated to grow to an all-time high of over 284 million tonnes in the 2017-18 crop year ending June, driven by record output in wheat, Read More …
Category: Economy
Measures to promote ‘Zero Budget Natural Farming’in India
The Government has taken many steps to promote Zero Budget Natural Farming in the country. Here are some of those steps: NITI Aayog held a meeting on 9th July, 2018 to discuss the promotion of Zero budget Natural Farming. Government of Read More …
‘Paryatan Parv’ to be organized nationwide from 16-27 September, 2018
The Ministry of Tourism, Government of India in collaboration with other Central Ministries, State Governments and Stakeholders is organizing a “Paryatan Parv” across the country from the 16– 27September 2018. The Parv is being organized with the objective of drawing focus on the benefits Read More …
SAATHI initiative for the powerloom sector launched
Union Ministry of Textiles and Union Ministry of Power have joined hands under the initiative SAATHI (Sustainable and Accelerated Adoption of efficient Textile technologies to Help Small Industries) in order to sustain and accelerate the adoption of energy efficient textile Read More …
Worker Population Ratio for Female in India
As per results of the most recent labour force surveys conducted by NSSO, the estimated female Worker Population Ratio (%) on usual status basis in the country during 2009-10 and 2011-12 are 26.6% and 23.7% respectively. As per the last Read More …
Production of RAW Cashew at All Time High
According to the Minister of State of Commerce and Industry (as replied in the Lok Sabha on July 30, 2018), the production of raw cashew nuts in India during 2017-18 has increased to all time high at 8.17 lakh metric Read More …
Banks entered into an inter-creditor agreement (ICA) to fast track the resolution of stressed assets
To resolve Non Performing Assets (NPAs), Banks and financial institutions (FIs) including SBI and LIC, on July 23, 2018 entered into an Inter-Creditor Agreement (ICA) to fast track the resolution of stressed assets, under “Sashakt” scheme. The agreement was framed Read More …
RBI to issue new 100 Rupee notes with motif of ‘Rani Ki Vav’
The Reserve Bank on July 19 announced to issue new 100 rupee notes in lavender colour having motif of ‘Rani ki vav’- a stepwell located on the banks of Saraswati river in Gujarat’s Patan. According to the central bank , Read More …
Fair and Remunerative Price (FRP) of sugarcane for 2018-10 fixed at Rs. 275/- per quintal
The Cabinet Committee on Economic Affairs has approved the Fair and Remunerative Price (FRP) of sugarcane for sugar season 2018-19 at Rs. 275/- per quintal for a basic recovery rate of 10%; providing a premium of Rs. 2.75/qtl for each Read More …
‘India is recording highest ever FDI since 2015-16’
As per the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Rajya Sabha on July 18, 2018, measures taken by the Government on FDI policy liberalization along with improvement in ease of Read More …
Fund of Funds for Startups (FFS) to meet funding needs
The Central Government of India has established Fund of Funds for Startups (FFS), to meet their funding needs. Department of Industrial Policy and Promotion (DIPP), Government of India, is the monitoring agency and Small Industries Development Bank of India (SIDBI) Read More …
Cabinet approves MoU between ICAI and BIBF, Bahrain
The Central Government on July 18, 2018 approved Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India (ICAI) and Bahrain Institute of Banking and Finance (BIBF), Bahrain to work together to strengthen the accounting, financial and audit Read More …
India becomes sixth-biggest economy in World Bank Ranking
According to the World Bank figures for 2017 India has become the world’s sixth-biggest economy. India jumped to the sixth place edging past France in gross domestic product terms. India’s GDP touched 2.597 trillion dollars in 2017 while France’s GDP was at Read More …
Andhra Pradesh tops state’s ease of doing business
What: States in Ease of Doing Business Who: Andhra Pradesh Tops By whom: DIPP Department of Industrial Policy and Promotion secretary, Ramesh Abhishek has released the State Business Reform Assessment 2018 ( States in Ease of Doing Business ) in New Delhi Read More …
Indian Railways Introduces First Double Stack Dwarf Container Service from Rajkot Division
In order to capture the lost traffic through new delivery model for domestic cargo, Indian Railways has introduced Double Stack Dwarf Container Services. This freight train was flagged off on July 7, 2018 from Western Railway’s Rajkot railway station on Read More …