Month: December 2018

Appointment of Shri Shaktikanta Das as Governor, RBI

open view web desk In exercise of the powers conferred by clause (a) of sub-section (1) read with sub-section (4) of Section 8 of the Reserve Bank of India Act 1934, the Central Government appointed Shri Shaktikanta Das, IAS Retd. (TN:80), former Secretary, Department of Economic Affairs, as […]

Central Board of Indirect Taxes and Customs (CBIC) to notify the Korean Won (WON) and Turkish Lira (TRY) in the List of Currencies for Exchange Rate

open view web desk Under Section 14 of the Customs Act, 1962, the Central Board of Indirect Taxes and Customs (CBIC) notifies the Rate of Exchange for the purpose of conversion of foreign exchange to Indian Rupees (INR) and vice versa for assessment of imports & exports. Currently, […]

Well marked low pressure area over southeast Bay of Bengal & adjoining Equatorial Indian Ocean

open view web desk The well marked low pressure area now lies over southeast Bay of Bengal & adjoining Equatorial Indian Ocean at 0830 hours IST of today, the 12th December 2018. Associated cyclonic circulation extends upto 5.8 km above mean sea level. It is likely to concentrate into […]

Swasth North East Initiative

open view web desk In addition to the efforts of the Ministry of Health & Family Welfare for improvement of healthcare facilities, the Ministry of Development of North Eastern Region has taken up a total of 56 projects in the medical & health sector under its Non-Lapsable Central […]

Deep Sea Submarine Rescue System Inducted into the Indian Navy at Mumbai

open view web desk Indian Navy’s first flyaway Deep Sea Submarine Rescue System was formally inducted by Admiral Sunil Lanba, Chairman Chiefs of Staff Committee and Chief of the Naval Staff, at the Naval Dockyard, Mumbai. Vice Admiral Girish Luthra, Flag Officer Commanding-in-Chief, Western Naval Command, former CNS/Cs-in-C […]

Policy for Regulation of E-Commerce

open view web desk E-commerce activities are governed by a number of Regulations and Acts of the Government. Information Technology Act 2000 provides legal recognition for the transactions carried out by means of electronic data interchange and other means of electronic communication, which involve the use of alternatives […]

Revival of Exports

open view web desk India’s overall exports (merchandise and services) have increased since 2016-17. During the current period 2018-19 (Apr-Sept), India’s overall exports registered a positive growth of 17.01% as compared to the corresponding period of previous year. The details of India’s overall exports for last three years and […]

SEZ Policy review committee report

open view web desk TheGovernment had constituted a Group of eminent persons under the Chairmanship of Baba Kalyani, Chairman M/s. Bharat Forge to study the Special Economic Zone (SEZ) Policy of India on 04.06.2018.  The Group submitted its report to the Governmentlast month.  The key recommendations of the […]

Coal Linkage Committees

open view web desk There is no proposal with the Government to abolish the Standing Linkage Committee (Long Term) [SLC(LT)]. The procedure followed for allocation of coal is as below: A policy on ‘Auction of Linkages of Non-Regulated Sector’ was issued on 15.02.2016 vide letter No.23011/51/2015-CPD (Pt-I). The new coal […]

Coal imports and production

open view web desk The value of India’s coal imports have risen by 38.2% to Rs.1,38,477 crore in 2017-18. However, the quantity of coal imports has increased only by 9.1% from 190.95MT to 208.27MT during this period. The increase in value of coal imports isprimarily due to: Increase […]

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