A government appointed gas price review panel led by Kirit Parikh on November 30, submitted its report to the government. Major recommendations Present pricing mechanism Benefits
Category: Economy
WTO Goods Trade Barometer
Latest World Trade Organization (WTO) Goods Trade Barometer hints toward slowing of trade growth in the rest of 2022 and into 2023. The current Goods Trade Barometer Index reading is 96.2. About WTO’s Goods Trade Barometer index
Govt brings 15 additional departments under ED’s info sharing arrangement
The Government of India has added the Competition Commission of India (CCI) to the list of agencies that have to share information with the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA Act).
Ministry of Power launches scheme for Procurement of Aggregate Power of 4500 MW under SHAKTI Policy
Ministry of Power kicks off a Scheme for Procurement of Aggregate Power of 4500 MW on competitive basis or five years on Finance, Own and Operate (FOO) basis under B (v) of SHAKTI Policy. Key points About SHAKTI Policy
Ministry of Petroleum amends Natural Gas Tariff, Authorisation and Capacity Regulations
Petroleum and Natural Gas Regulatory Board (PNGRB) has brought out amendments in its three regulations namely Natural Gas Pipeline Tariff, Authorisation and Capacity Regulations. Key points Natural gas is an odorless, gaseous mixture of hydrocarbons—predominantly made up of methane (CH4). Read More …
pre-launch celebration of International Year of Millets (IYOM) – 2023
The Union Agriculture and Farmers Welfare Minister has said the International Year of Millets (IYOM) – 2023 will provide an opportunity to increase global production, efficient processing and better use of crop rotation and promote millets as a major component Read More …
Competition Commission of India to check GST profiteering issues
The government on November 24 notified changes to empower the Competition Commission of India to take charge of matters relating to the antiprofiteering provisions of the Central Goods and Services Tax Act, starting December 1. What is profiteering? Key points
Goods and Services Tax network (GSTN) included to the account aggregator (AA) network
The Goods and Services Tax network (GSTN) has been included to the account aggregator (AA) network as a financial information provider (FIP) to facilitate cash flow lending to the micro, small, and medium enterprises (MSMEs). What is an Account Aggregator?
Australia Parliament clears Ind-Aus Economic Cooperation and Trade Agreement (ECTA)
The Australian Parliament on November 21 ratified the Economic Cooperation and Trade Agreement (ECTA) with India, paving the way for implementing the deal as early as January 1, 2023. Ind-Aus ECTA Key points
India’s first National Centre of Excellence for Green Port & Shipping (NCoEGPS)
Union Minister of Ports, Shipping & Waterways (MoPSW) Shri Sarbananda Sonowal announced India’s first National Centre of Excellence for Green Port & Shipping (NCoEGPS) a major initiative by the Ministry of Ports, Shipping towards providing greener solutions. Key points
Egmont Group and Financial Intelligence Unit – India
The Egmont Group is a global organisation that facilitates and prompts the exchange of information, knowledge, and cooperation amongst member Financial intelligence units (FIUs). Key points Financial Intelligence Unit – India (FIU-IND)
Scheme Special Assistance to States for Capital Investment for 2022-23
The Government of India has sanctioned Rs 60,000 crore of long-term capital expenditure funds to states this fiscal under the Scheme Special Assistance to States for Capital Investment for 2022-23. Key points
India becomes the world’s second largest producer of steel
Union Minister of Steel Jyotiraditya Scindia informed that India has moved from 4th largest producer of steel to the second largest producer of steel at global scale.
POSOCO has changed its name to “Grid Controller of India Limited”
India’s National Grid Operator “Power System Operation Corporation Limited (POSOCO)” has announced that POSOCO has changed its name to “Grid Controller of India Limited”. Functions of Grid-India
L Ganesh receives Deming Award
Rane Group’s Chairman, L Ganesh has been recently conferred with the prestigious Deming Award. About Deming Prize