Budget: According to the Ministry of Shipping, the Central Government has got a budget allocation of Rs. 228.00 crore for the development of Inland waterways transport, which also includes Rs. 126.00 crore for North Eastern Region, for the year 2017-18. Read More …
Category: Economy
Ministry of Tourism has launched the Incredible India 2.0 campaign
According to the the Ministry of Tourism, it has launched the Incredible India 2.0 campaign, during the financial year 2017-18 to promote various destinations and tourism products of the country including spiritual, medical and wellness tourism in important and potential Read More …
Per capita income at 2011-12 prices during 2017-18 is likely to Rs. 86,689
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the Second Advance estimates of national income at constant (2011-12) and current prices for the financial year 2017-18. GDP at constant (2011-12) prices in Q3 of 2017-18 Read More …
Shakthi Sthala-The world’s largest solar park at Pavagada in Karnataka
Karnataka Chief Minister Siddaramaiah on 1 March 2018, inauguratied the first phase of the Pavagada solar park. After attaining of its full potential of 2000 MW, this park will become the world’s largest solar park. Built at an estimated cost Read More …
Cabinet approves Fugitive Economic Offenders Bill, 2018
The Central Government has approved the proposal of the Ministry of Finance to introduce the Fugitive Economic Offenders Bill, 2018 in Parliament. The Bill, approved on 1 March 2018, would help in laying down measures to deter economic offenders from Read More …
Cabinet approves Establishment of National Financial Reporting Authority
The Union Cabinet on 1 March 2018 approved the proposal for establishment of National Financial Reporting Authority (NFRA) and creation of one post of Chairperson, three posts of full-time Members and one post of Secretary for NFRA. Aims: The decision Read More …
The first Mega Food Park of Maharashtra
The first Mega Food Park in the state of Maharashtra will be inaugurated by Union Minister of Food Processing Industries Smt. Harsimrat Kaur Badal on March 1, 2018 at Degaon Village, in Satara District. This is the 10th Mega Food Park being Read More …
Prime Minister’s Employment Generation Programme (PMEGP) extended till 2019-20
The Central Government, on February 28, 2018, has extended the ‘Prime Minister’s Employment Generation Programme’ (PMEGP) beyond 12th Plan for three years from 2017-18 to 2019-20 with a total outlay of Rs.5,500 crore. Scheme will create sustainable estimated employment opportunities for Read More …
Cabinet approves doubling of Government guarantee for procurement of pulses and oilseeds at MSP
The Cabinet Committee on Economic Affairs on February 28, 2018 approved the regularization and extension of Govt. Guarantee provided to lender Bank for providing credit limit to National Agricultural Cooperative Marketing Federation of India (NAFED) to Rs.19,000 crore from earlier Read More …
Cabinet approved Action Plan for Champion Sectors in Services
The Union Cabinet on February 28, 2018 gave its approval to the proposal of the Department of Commerce to give focused attention to 12 identified Champion Services Sectors for promoting their development, and realizing their potential. The Cabinet has also Read More …
Record 277.49 million tonnes of foodgrains production in 2017-18 estimated
The 2nd Advance Estimates of production of major crops for 2017-18 was released on 27 February by the Department of Agriculture, Cooperation and Farmers Welfare . As per 2nd Advance Estimates, the estimated production of major crops during 2017-18 is Read More …
Inter-Modal Stations (IMS) at Nagpur and Varanasi
The National Highways Authority of India (NHAI) under the Ministry of Road Transport and Highways has conducted detailed pre-feasibility studies for setting up Inter Modal Stations (IMS) at Nagpur and Varanasi, and the development of DPRs for this is in final Read More …
Financial Intelligence Unit released list of 9500 high-risk financial institutions
Financial Intelligence Unit (FIU) under Ministry of Finance, has released a list of around 9500 Non-Banking Financial Companies (NBFCs), which have been categorised as high-risk financial institutions. The FIU has released the list on its website showing the names of Read More …
E-Way bill for Inter-state movement of goods will be effective from 1st April 2018
The Group of Ministers for GST has recommended implementation of E-Way bill for Inter-state movement of goods from 1st April 2018. According to the Bihar Deputy Chief Minister and GST Convenor, Sushil Kumar Modi, 26 to 30 Lakh E-Way bills Read More …
Kaleshwaram Lift Irrigation Project and environmental concerns
Why in the news: One of the most ambitious project of Telangana, the Kaleshwaram Lift Irrigation Project is once again in the news. Environmentalists are raising eyebrows about its irrecoverable costs. Environmental costs: According to the environmental experts, this project Read More …