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Cabinet approves reservation norms for Jute Packaging Materials for Jute Year 2021-22

Newdelhi:10/11/21:The Cabinet Committee on Economic Affairs chaired by Prime Minister, Shri Narendra Modi, has approved reservation norms for mandatory use of jute in packaging for the Jute Year 2021 -22 (1st July 2021 to 30th June 2022) on 10th November 2021. The Mandatory packaging norms approved for Jute Year 2021-22 provide for 100% reservation of the foodgrains and 20% of ...

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Coal Import during April – August, 2021 Reduced to 94.15 Million Ton against 107.01 MT in 2019-20

Newdelhi:9/11/21: India has been importing coal to bridge the gap between the requirement of coal and the domestic production in the country. The dependence on imports for Coking Coal mainly used in the steel sector has been predominantly due to very limited domestic availability. Thus, import under this category has been largely non substitutable. Even though the import of Coking ...

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he Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2021 Notified

Newdelhi:9/11/21:Ministry of Mines has notified the Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession (Fourth Amendment) Rules, 2021 to amend The Minerals (Other than Atomic and Hydro Carbons Energy Mineral) Concession Rules, 2016 [MCR, 2016]. Extensive amendments have been made in the Mines and Minerals (Development and Amendment) Act, 1957 (‘MMDR Act’) by the MMDR Amendment Act, 2021 ...

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Tata Steel BSL – First steel company in the country to export LD slag to Bangladesh for cement making

100 KT of LD slag to be exported per annum A step in the direction of sustainable steel making Dhenkanal, November 5, 2021: Tata Steel BSL has exported 9 thousand tons (KT)of LD slag through Dhamra Port Company Limited to Bangladesh market from its unit located in Dhenkanal district of Odisha. This endeavouris another milestone in the company’s operations as ...

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14 States/UTs have not reduced any VAT

Newdelhi:5/11/21:Following the decision of the Government of India to significantly reduce Central Excise Duty on Petrol and Dieselby Rs. 5 & Rs. 10 respectively, 22 states/UTs have also undertaken commensurate reduction of  VAT on Petrol and Diesel to give relief to consumers. However, there are 14 States/UTs which have not undertaken any reduction in VAT in Petrol and Diesel. These ...

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Government selects 42 companies under PLI Scheme for White Goods

Newdelhi:4/11/21:The Government has said that 42 companies have been selected under Production Linked Incentive (PLI) Scheme for White Goods. Commerce and Industry Ministry said, 26 Companies will invest three thousand 898 crore rupees for Air Conditioner Components and 16 Companies will invest 716 crore rupees for LED Component Manufacturing. The Ministry said, this will envisaged creating additional direct employment of ...

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SAIL declares consolidated net profit of Rs 4339 Crore in Q2 FY’22

Newdelhi:29/10/21:The Steel Authority of India Limited (SAIL), under the Ministry of Steel, has declared the financial results of the company for the second quarter (July – Sep’21) and H1 (Apr – Sep’21) of this financial year (FY 2021-22) today. Key highlights of SAIL’s performance during Q2 FY’22: Crude Steel Production: 4.468 Million Tonnes Saleable Steel Sales: 4.280 Million Tonnes Best ...

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Union Minister Pralhad Joshi Appreciates MCL for Record Breaking Performance

Bhubaneswar;29/10/21:Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi and Minister of State for Rail, Coal & Mines Shri RaosahebPatilDanve today felicitated the Chairman-cum-Managing Directors (CMD) and functional directors of Mahanadi Coalfields Limited (MCL), as the company scripted new history by dispatching a record 6.04 lakh tonne coal to consumers on Thursday. Minister Shri Joshi appreciated the leadership ...

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Meeting under “Industry care” held with more than 44 Jagatsinghapur based large-scale and MSME Industries

Bhubaneswar:28/10 2021: A very successful two-day visit and meeting with Jagatsinghpur based industries was concluded today. With the directions from the Hon’ble Chief Minister Shri Naveen Patnaik, Shri Asit Kumar Tripathy, IAS (Retd.), Principal Advisor to Hon’ble Chief Minister, Odisha & Hon’ble Chairman, WODC, Government of Odisha chaired the Industry care meeting with Jagatsighapur based industries in Paradip. Many senior ...

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Levi Strauss & Co.’s appointed Sanjeev Mohanty to lead commercial operations for U.S. and Canada

Bhubaneswar/New Delhi:27/10/21: Odisha born Sanjeev Mohanty was appointed as Levi Strauss & Co.’s Senior Vice President and Managing Director for US and Canada operations. Mohanty, who hails from Odisha, is currently Senior Vice President and Managing Director of Levi Strauss & Co’s South Asia-Middle East and Africa operations. Levi Strauss & Co is well known for its denim brand Levi’s. Mohanty, ...

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