Union Minister of Road Transport and Highways & Micro, Small and Medium Enterprises (MSME), Nitin Gadkari on Monday said that the Central Government was aiming at creating core global competencies in India by facilitating the seamless integration of the local automotive industry with the world. In this direction, it was attempting to create an ecosystem to accelerate the uptake of electric vehicles in the country.
Category: ECONOMY & POLICY
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Finance Minister Sitharaman Unveils Rs 2.65 Trillion Stimulus Under Aatmanirbhar Bharat 3.0
Union Finance Minister Nirmala Sitharaman has announced 12 key measures as part of the Central Government’s stimulus to the economy under Aatmanirbhar Bharat 3.0.
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Cabinet Approves PLI Scheme for 10 Key Sectors for Enhancing Manufacturing Capabilities
The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to introduce the production-linked incentive (PLI) scheme in ten key sectors.
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50% Subsidy on Air Transportation of Select Fruits & Veggies from NE, Himalayan States
Under the Aatmanirbhar Bharat Abhiyan’s ‘Operation Greens: TOP to TOTAL Scheme’, 50 per cent transportation subsidy is now made available for air transportation for 41 notified fruits and vegetables from Northeastern and Himalayan states to any place in India, a release from the Ministry of Food Processing Industry (MOFPI) has said.
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L&T Wins Contract to Build Country’s First High-Speed Rail Corridor
The Indian engineering, procurement & construction (EPC) projects to defence multinational, Larsen & Toubro (L&T) has won the bid for a substantial part of the Mumbai-Ahmedabad High Speed Rail (MAHSR) or bullet train corridor.
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National Programme & Project Management Framework Launched for Infrastructure Sector
The Government think-tank NITI Aayog and Quality Council of India (QCI) on Wednesday launched the ‘National Programme and Project Management Policy Framework’ (NPMPF), envisaged to bring radical reforms in the way infrastructure projects are executed in India.
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GST Rates Cut, Affordable Housing Redefined
The slash in GST rates to 5 per cent without ITC from the previous 12 per cent with ITC for premium homes, and to 1 per cent minus ITC for affordable homes from the earlier 8 per cent, gives the beleaguered realty sector the much-needed breathing room and will certainly help it maintain some forward momentum in 2019.
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TUV SUD receives accreditation from Quality Council of India
TÃœV SÃœD, the German testing, inspection, training and certification giant, has been accredited by Quality Council of India under the third-party RMC (ready mix concrete) plant certification Scheme to assure quality in operations and processes of RMC Plants in the country.
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Govt needs Rs 1 trillion in 3 years to build 1 crore houses
The Pradhan Mantri Awas Yojana - Urban (PMAY-U), being implemented by the Ministry of Housing and Urban Affairs under the mission ‘Housing for All by 2022’ since June 2015, needs a concerted push to succeed.
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CM lays foundation for work worth Rs 1.37 billion at Barsoor
Rs 1.37 billion worth of construction work was sanctioned by Raman Singh, Chief Minister, Chhattisgarh at Barsoor, Dantewada district.