The Minister of Road Transport & Highways Shri Nitin Gadkari released India’s first ever Highway Capacity Manual in New Delhi on 12 February 2018. The manual, known as Indo-HCM, has been developed by CSIR – CRRI on the basis of an extensive, Read More …
Category: Economy
International Intellectual Property (IP) Index 2018-India at 44th place
India has jumped by one place in the sixth edition of the the U.S. Chamber of Commerce Global Innovation Policy Center’s (GIPC) ’ International Intellectual Property (IP) Index 2018. India has been ranked at 44th place among 50 nations with 30% Read More …
Wipro launched ‘Internet of Lighting’ solutions
Wipro Lighting, an electric arm of Wipro, launched ‘Internet of Lighting’ (IoL) solutions for smart homes, smart buildings, smart cities. The company has collaborated with Cisco and pureLi-Fi, Scotland for this new age solutions. Like Internet of Things (IoT), Internet of Lighting (IoL) Read More …
SBI posted first quarterly loss since 1999
State Bank of India, India’s largest lender, reported a loss of Rs 2,416.37 crore in third-quarter of 2017-18 financial year. This is the highest quarterly loss State Bank of India has reported since January-March 1999, when it recorded a loss Read More …
ASH TRACK App for Fly Ash managment launched
Union Minister of State for Power and New & Renewable Energy, Shri R.K Singh, launched a Web based monitoring System and a Fly Ash mobile application named ASH TRACK on 9 February 2018. These platforms will enable better management of Read More …
Major Port Authorities Bill 2016-incorporation of the Official Amendments
The Union Cabinet on February 7, 2018 approved the incorporation of the Official Amendments to the ‘Major Port Authorities Bill 2016’, which is pending in the Parliament. The Amendments are based on the recommendations of the Department-related Parliamentary Standing Committee. Following Read More …
Basis of classifying Micro, Small and Medium enterprises has been changed
The Union Cabinet on 7 February 2018 approved change in the basis of classifying Micro, Small and Medium enterprises from ‘investment in plant & machinery/equipment’ to ‘annual turnover’. Section 7 of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 Read More …
Indian Railway introduced ‘General Conditions of Contract for Services (GCC)’
Indian Railway on February 5, 2018, first time introduced ‘the new policy of General Conditions of Contract for Services” (GCC). What is GCC: It is a simplified, outcome focused GCC catering specifically to Services to improve contract management, delivery of Read More …
Measures to promote affordable housing in India
In order to promote affordable housing, the Union Government has made several efforts to create enabling environment and eco-system. Some of these measures have been listed here: Infrastructure status: The Government has granted infrastructure status to affordable housing which will Read More …
Government will launch ‘KUSUM’ Scheme for Energy Security
The Central Government will soon launch a solar farming scheme named ‘Kisan Urja Suraksha evam Utthaan Mahaabhiyan’ (KUSUM) with a fund of Rs 1.4 lakh-crore. Union Finance Minister Shri Arun Jaitley has announced allocation of Rs 48,000 crore for this scheme Read More …
India’s first MSE sentiment index, CriSidEx launched
Union Finance Minister Arun Jaitely on February 3, 2018, in New Delhi, launched India’s first sentiment index, CriSidEx, for micro and small enterprises. It is jointly developed by SIDBI and CRISIL. CriSidEx is a composite index based on a diffusion Read More …
Measures to prevent damage to foodgrains in FCI godowns
According to the Minister of State for Consumer Affairs, Food & Public Distribution, many steps were taken by the Government to avoid the damage due to various reasons including pests/rodents in storage of foodgrains. Some of those steps are: All godowns Read More …
GST e-way bill: All you want to know
For the inter-state movement of goods and services under GST, mandatory generation of e-way bill became effective from 1st February, 2018. However, within hours, e-way bill generating platform collapsed and the Government was forced to postponed the mandatory generation of Read More …
Union Budget 2018-19 Main Points
Union Finance Minister Shri Arun Jaitley on February 1, 2018, presented the UNION BUDGET 2018-19. Here are the detailed factual features of Union Budget 2018-19: Indian economy is now 2.5 trillion dollar economy – seventh largest in the world. India Read More …
India’s First Revised Estimates of National Income for 2016-17
The Central Statistics Office (CSO) under Ministry of Statistics and Programme Implementation on January 31, 2018, released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2016-17. Second Revised Estimates for the Read More …