Saturday, 21 May, 2022
TopicMinistry of Commerce and Industry

Topic: Ministry of Commerce and Industry

Mobile phones boom puts India on course to beat 2019-20 electronic goods exports record by 30%

Latest commerce ministry data shows electronic goods exports touched Rs 83,000 cr in the first 3 quarters of FY22 — a 26% rise over FY20, when the country hit its previous high.

Cabinet clears Rs 100 lakh-crore Gati Shakti master plan for infrastructure

Modi on 13 October launched the national master plan for multi-modal connectivity. It targets to cut logistic costs, increase cargo handling capacity and reduce the turnaround time.

Nirmala Sitharaman asks banks to work with states to push ‘one district, one product’ agenda

Finance Minister Sitharaman further said there should be a simple approach between public sector banks so that exporters are not be made to run between banks to scout for better offer.

India’s FDI inflow grew by 19% to $59.64 billion in 2020-2021, says commerce ministry

In terms of top investor countries, Singapore is at the top with 29 per cent share. It was followed by the US with 23 per cent and Mauritius with 9 per cent during the last fiscal.

RSS’ farm affiliate BKS demands Modi govt must roll back ‘free import of pulses’ order

BKS says these pulses are to be sown in kharif season beginning soon, and if farmers are worried about low prices due to imports, it’ll affect govt’s ‘atmanirbhar’ push.

FDI equity inflows grow 28% to $54.18 billion during April-January

Ministry of Commerce and Industry says policy reforms, investment facilitation and ease of doing business resulted in the jump in FDI inflows.

Output of 8 core infrastructure sectors grows 0.1% in January

The core sectors had expanded by 2.2% in January 2020, according to the provisional data released Friday by the Commerce and Industry Ministry.

NID Ahmedabad puts off convocation after inviting Modi critic Mallika Sarabhai as guest

Miffed students of NID Ahmedabad subsequently held a mock convocation complete with felicitation and handing out of degrees.

WPI inflation drops to 3-year low of 0.16%, sparks talk of another repo rate cut

The wholesale price index (WPI) eased on subdued prices of non-food articles and fall in prices of manufactured items.

Modi govt considers ending ban on foreign investment in coal mining

Other proposals under consideration include raising investment limits in digital media and easing rules for retailers selling a single brand.

On Camera

YourTurn

Representative image of an ethanol-blended fuel station plug | Wikimedia Commons

Ethanol blended fuel to power vehicles. Will it hurt your car’s engine?

India’s reliance on ethanol blended fuel is only set to increase in the wake of rising crude oil prices. But are we going to adapt in time?
A shopkeeper arranges stock at a grocery store in Bengaluru | Representational image | Bloomberg Photo

Inflation raised monthly expenses of 92% Indian families in last 3 months, finds online survey

A LocalCircles poll found that 70% of respondents felt their monthly household budget increased by 10% while 55% expected expenses to go up by another 10% in the next 3 months.

Defence

File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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