Methanol Economy for India

India needs around 2900 cr litres of petrol and 9000 cr litres of diesel per year currently, the 6thhighest consumer in the world and...

Growth Rate of Manufacturing Sector in India

The performance of manufacturing sector as per the Index of Industrial Production (IIP) during last two years and the current year is given below: Annual...

Inter-State E-Way Bill System in India: Latest Developments

The 24th Meeting of the GST Council was held under the Chairmanship of the Union Minister of Finance and Corporate Affairs. It discussed about...

Subsidy to Industry in North-East Region Approved

Indian union Cabinet Committee on Economic Affairs has approved Capital Investment Subsidy amounting to Rs.264.67 crore to four industrial units located in North Eastern...

Government Subsidizes Online Payments upto Rs.2000

Indian government has approved the Merchant Discount Rate (MDR) applicable on all debit card/BHIM UPI/ Aadhaar enabled Payment System (AePS) transactions upto a value...

Monthly Accounts of Indian Government Released

The Monthly Account of the Government of India upto October 2017 has been consolidated and reports published. Highlights of the report are:- The Government of India...

Government Securities Repayment Declared

The outstanding balance of 6.25% Government Stock 2018 is repayable at par on January 02, 2018. No interest will accrue there on from January...

Fifth Bi-monthly Monetary Policy Statement

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to keep...

Minimum Import Price on Pepper Imposed

The Union Ministry of Commerce and Industry has approved the proposal of the Spices Board for fixing the CIF value of Rs.500/-per kg as...

Consumer Price Index For Industrial Workers: Latest Figures

The All-India CPI-IW for October, 2017 increased by 2 points and pegged at 287 (two hundred and eighty seven). On 1-month percentage change, it...

Blue Economy: Meaning and Explanation

Humanity’s relationship with the oceans, and how people use and exploit their resources, is evolving in important ways. While the oceans are increasingly becoming...

Inter-Bank Local Currency Credit Line Agreement

The Union Cabinet has given its approval to the signing of the (i) Interbank Local Currency Credit Line Agreement and (ii) Cooperation Memorandum Relating...