News on Indian Economy
Goa Shipyard Ltd has emerged as the front runner to build two pollution control vessels for the Indian Coast Guard, pipping L&T Shipbuilding and two other public sector shipyards. GSL will build the vessels for approximately Rs 600 crore once the final contract is inked, chairman and managing director of GSL, Bharat Bhushan Nagp
The government will auction 500 mineral mines, remove the distinction between captive and non-captive blocks and rationalise stamp duty as part of reforms to stimulate the sector identified as one of the major generators of direct and indirect employment.
The company will begin manufacturing at Agra in Uttar Pradesh in partnership with Iatric Industries Pvt Ltd.
India may impose anti-dumping duty on imports of a certain type of industrial pigment, used as coating material to give shining effect, as the commerce ministry has initiated a probe for alleged dumping of the product from China.
The index of mineral production of mining and quarrying sector for the month of March, 2020 (Base: 2011-12=100) at 132.7, was exactly the same as compared to the level in the month of March, 2019. The cumulative growth for the period April- March, 2019-20 over the corresponding period of previous year has been (+) 1.7 percent. It is released by Mining & Mineral Statistics Division of Indian Bureau of Mines.
“With the enactment of Real Estate (Regulation and Development) Act, 2016 (RERA), the country got its first real estate regulator. RERA marked the beginning of a new era in the Indian real estate sector and a step towards reforming the sector, encouraging greater transparency, citizen centricity, accountability and financial discipline.
The total food grain production in the country is estimated at record 295.67 million tonnes which is higher by 10.46 MT than 285.21 MT achieved during 2018-19, according to the third advance estimates for the crop year released by the Agriculture Ministry on Friday.
Hon’ble Prime Minister Shri Narendra Modi announced a Special economic and comprehensive package of Rs 20 lakh crore – equivalent to 10% of India’s GDP on 12th May 2020. He gave a clarion call for आत्मनिर्भर भारत अभियान or Self-Reliant India Movement. He also outlined five pillars of Atmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.
Lauding the Finance Minister Nirmala Sitharaman’s announcements on animal husbandry sector under the Atmanirbhar Bharat Abhiyan made on Friday, dairy major Amul stated that financial outlay for dairy infrastructure would help add about five crore litres of extra milk processing capacities in the country.
Hon’ble Prime Minister Shri Narendra Modi announced a Special economic and comprehensive package of Rs 20 lakh crore – equivalent to 10% of India’s GDP on 12th May 2020. He gave a clarion call for आत्मनिर्भर भारत अभियान or Self-Reliant India Movement. He also outlined five pillars of Atmanirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.
