Pavagada, in Tumakuru district, and about 180 kilometres from Bengaluru, had been declared drought-hit for 54 of the last 60 years. Now, the fortunes of the location is changing for the better, thanks to making use of what is available abundantly – sunshine. The solar park in Pavagada is the largest
Tag: Indian Industrial News
Demonetisation Affected MSME Credit Growth
A Reserve Bank of India (RBI) study said that demonetisation negatively affected the credit growth of the Micro Small and Medium Enterprises (MSME) sector. The implementation of the Goods and Services Tax (GST) did not greatly affect the overall credit to MSMEs. The RBI conducted the study to assess the credit
Massive Imports of Steel hits Indian domestic Steel Industry
Steel from manufacturers in Japan and South Korea are landing up in the Indian markets, thus denting the Indian domestic steel industry. US President Donald Trump imposed an import duty on steel this year, forcing the mills in that country to redirect the supply. An internal document from the Ministry of
GST Council forms GoM to Address MSME Issues
As per Finance Minister Piyush Goyal’s statement after the 29th GST Council Meet, the GST Council, under the aegis of the Ministry of Finance, has constituted a Group of Minister (GoM) for Micro Small and Medium Industries. Minister of State (MoS) Finance, Government of India, Shiv Pratap Shukla is the convener
Customs Board Notifies Exchange Rate of Foreign Currency Relating to Imported / Exported Goods
The Central Board of Indirect Taxes and Customs has determined the rate of exchange of conversion on each of the foreign currencies into Indian currency or vice versa, with effect from 17 August 2017. The Board has notified this, exercising its powers that Customs Act, 1962 (52 of 1962) section 14 has conferred
Solar Tariffs Witnesses Lowest Ever Tariff in Reverse Auction
President Inaugurates One District One Product Summit
President Ram Nath Kovind inaugurated the “One District One Product” Summit in Lucknow, Uttar Pradesh. The president told the audience that Micro, Small and Medium Enterprises (MSMEs) are the backbone of the country’s economy, and is the second largest employer after the agricultural sector. He added that the MSMEs offer more
PM Modi Says Biofuel can provide Momentum in this century
Prime Minister Narendra Modi says Biofuels can be the catalyst to provide momentum in the 21 st century. He said this while addressing gathering of people from various backgrounds such as farming, science, business, students, government officials, legislators and more, in New Delhi. Biofuel, products produced from crops can change the
Poor Quality Chinese Goods Troubling Indian Industry
A Parliamentary Committee submitted its 55th report on “Impact of Chinese Goods on Indian Industry” to the government. The government presented this report in the Rajya Sabha, which recommended completely protecting the Indian industry against illegitimate, protectionist and unfair trade practices of any country. The parliamentary committee noted in the report
World Biofuel Day on 10 August
To highlight the importance of non-fossil fuels as alternative to the normally used fossil fuel, the World Biofuel Day is observed every year. The World Biofuel Day also highlights the efforts that the governments have made in this sector. In India, the Ministry of Petroleum and Natural Gas has been