News: The central government is stepping to revive the investment climate, facilitating clearances for 42 stalled projects worth Rs 1.15 lakh crore since it presented the Budget for 2015-16. Description: In last nine months only 50 pending investment plans worth Rs 1.45 lakh crore were granted green signals through the ...
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Qatar is pushed to reduce the LNG prices
News: Dharmendra Pradhan, has pushed for a reduction in liquefied natural gas (LNG) prices by Qatar, to be in sync with the decline in global rates over the past one year. India buys 7.5 million tonnes a year of LNG on a long-term 25-year contract. Qatar sells LNG at a ...
Read More »Water is not a political issue: Teesta deal
Teesta Deal: The Teesta deal was set to be inked during the then Prime Minister Manmohan Singh’s visit to Bangladesh in September 2011 but was postponed at the last minute due to objections by West Bengal Chief Minister Mamata Banerjee. Teesta water is crucial for Bangladesh, especially in the leanest ...
Read More »Govt imposes anti-dumping duty on some stainless steel imports
News: The finance ministry has imposed anti-dumping duties ranging from $180 to $316 per tonne for some industrial-grade stainless steel imported from China, Malaysia and South Korea in a bid to stem surging imports and protect the domestic industry. The move comes after India’s trade ministry said in March the ...
Read More »Government Planning Incubation Centres to Boost Sector
News: The Union minister of state for micro, small and medium enterprises (MSME), Giriraj Singh announced in Coimbatore that the government plans to set up 500 incubation centres for creating skilled professionals and entrepreneurs with Rs. 200 crore investment on private-public partnership model across the country in the next one year. ...
Read More »Govt to offer subsidised power, diesel and seeds if rains fail
News: To tackle the monsoon deficiency the government of India is planning to implement certain steps which would be a help to the farmers. Based on review of actual rainfall status and if situation warrants, the ministry would approach the Cabinet Committee on Economic Affairs (CCEA) for approval for the ...
Read More »Nava Nirmana Deeksha calls for success in Andhra Pradesh
News: AndhraPradesh Chief Minister N. Chandrababu Naidu gave a call for Nava Nirmana Deeksha aimed at eliminating poverty through collective efforts. Description: Rs.3,000 would be credited into the account of each member of DWCRA self-help groups on June 2 as part the government’s decision to provide debt relief to the tune ...
Read More »Why is India serious about Chittagong Port and Bangladesh?
News India is getting permissions from Bangladesh to use Chittagong and Mongla seaports during Narendra Modi’s upcoming visit on June 6-7. The matter of giving permission of use of two ports was discussed in all the inter-ministerial meetings held so far on Modi’s visit. An inter-ministerial meeting will be held ...
Read More »Banks asked to keep a check on illegal asset flows: Switzerland
News: To act against black money menace, Switzerland will put in place stricter due diligence norms for banks to prevent inflow of illicit assets into the country. Description: Banks would have to terminate their relationship with existing clients in case they are unable to provide the required tax compliance proof ...
Read More »Rs 6,000 crore investment for a new port at Mumbai
News: India’s 13th major port will come up at Dahanu, on fully reclaimed land and the project envisaging an investment of upto Rs 6,000 crore is likely to be completed over in net three years. Key Features: The port would be located 4.5 nautical miles off the Dahanu coast in northern ...
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