The Competition Commission of India (CCI) approves acquisition of shares in SBI General Insurance by Honey Wheat. The proposed combination relates to the acquisition of around 9.99% of the equity share capital of SBI General Insurance Company Limited (SBI General Insurance) by Honey Wheat Investment Limited (Honey Wheat). Honey Wheat is a part of the […]
The Khadi and Village Industries products will get a major boost as Union Home Minister Amit Shah has recently instructed the Director Generals(DG’s) of all para-military forces to use Khadi Fabric in their uniforms and Village Industries products such as pickles, papad, honey, soaps and detergents, shampoos, phenol, tea, mustard oil etc. in their canteens. […]
Green crackers are not just going to lighten and brighten our Diwali but it will also help save millions of jobs in the cracker industry. Yesterday, Union Minister for Science & Technology, Earth Sciences and Health and Family Welfare, Dr. Harsh Vardhan told an eager press that the Council of Scientific and Industrial Research (CSIR) […]
The Union Minister of State for Development of North Eastern Region (DoNER) Dr. Jitendra Singh inaugurated the Cane and Bamboo Technology Park-cum-Office Premises of Cane and Bamboo Technology Centre (CBTC) at Burnihat, Assam today. The Bamboo Technology Park has been developed to exclusively deal with Bamboo & Cane, catering to the needs of the industries, […]
Ever wondered why steel is so expensive in India? Steel prices in India are completely market driven and generally lower than the prevailing domestic prices in countries like USA, Japan and higher than those in Chinese domestic markets. However, it is a fact that Effective Tax Rate (ETR) for iron ore mined in the country […]
Government is implementing Ethanol Blended Petrol (EBP) Programme through Oil Marketing Companies (OMCs). At present, Public Sector OMCs are selling upto 10% ethanol blended petrol. Government has notified the National Policy on Biofuels-2018 on 8.6.2018 which indicates a target of 20% blending of ethanol in petrol by 2030. Government has fixed prices for ethanol procurement […]
India and Saudi Arabia are going to bond over the hydrocarbon sector. Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan today had a telephonic conversation with Dr. Khalid Al-Falih, Minister of Energy, Industry & Mineral Resources, Saudi Arabia and discussed about further strengthening cooperation in the hydrocarbon sector to enhance the strategic partnership […]
The newly elected Narendra Modi government is not letting the withdrawal of India’s GSP benefits by the USA to pull it down one bit. In a press statement, the Modi government said that the United States of America has w.e.f. 5 June 2019 withdrawn India’s GSP benefits. It further states that these are ‘unilateral, non-reciprocal […]
The 16th Ministerial Meeting of Asia Cooperation Dialogue (ACD) was held in Doha, Qatar. Gen. (Dr) V.K. Singh (Retd), Minister of State for External Affairs led the Indian delegation. Earlier, Manish, Joint Secretary (South) attended the Senior Officers’ Meeting (SOM) held on April 30. In his address at the Asia Cooperation Dialogue, the Minister expressed […]
Prime Minister Narendra Modi called Ibrahim Mohamed Solih, President of the Republic of Maldives today, and complimented him on the victory of the Maldivian Democratic Party (MDP) in the recent Parliamentary elections. Prime Minister Modi noted that this significant victory of MDP signifies a resounding endorsement of the policies and efforts of its leaders, who […]
