(PTI) The government will construct high-tech silos for storage of rice in producing states once the technology for the same is fully ready, a senior Food Ministry official said today.At present, pilot projects for rice silos have been undertaken by state-owned Food Corporation of India (FCI) at Kaimur and Buxar in Bihar to test the technology.The West Bengal government has evinced interest for construction of rise silos when the technology for the same is finalised, the official said. Once the technology is established, the central government would like to construct in West Bengal and other rice producing states, the official…
Author: Amit Bhanot
(Zee News) Benchmark indices today fell for the fifth straight session on expectation that the Union Budget could push up inflation, prompting the central bank to raise interest rates soon. Benchmark Nifty fell 0.87% to 10,666.55, while Sensex closed 309.59 points today. Most of the Nifty indices were in the negative territory.Finance Secretary Hasmukh Adhia, however, said the sell-off in equity markets is due to a weak global sentiment and not because of long-term capital gains tax announced in the budget. Adhia said the 10% tax on long-term capital gains (LTCG) is a “subsidised rate” as such gains on sale…
(LiveMint) Reliance Industries chairman Mukesh Ambani on Saturday announced an investment of Rs2,500 crore in Assam in various sectors, including retail, petroleum, telecom, tourism and sports, creating jobs for at least 80,000 people over the next three years. “Today I am happy to announce five commitments for Assam over the next three years. Reliance will invest an additional Rs2,500 crore to augment its presence in this market,” he said at the inaugural function of the Global Investors Summit 2018 in Guwahati. Under this programme, the company will enhance its retail division’s outlet to 40 from existing two, while the number…
(FE) Finance Minister Arun Jaitley said on Saturday that the economy has entered into a phase of consolidation after a series of “structural reforms” which were initiated in the past two years. “… Having gone through a series of very major structural reforms in the past two years, this now also is a phase for consolidation as far as the economy is concerned,” Jaitley said at an event here. According to Jaitley, this phase of “consolidation” will be led by the Micro, Small & Medium Enterprises (MSME) sector. Speaking on the launch of “CriSidEx” which is India’s first sentiment index…
ONGC has organised a week long Photo Exhibition titled ‘The Mangalajodi Inheritence’ on birds and life around Chilika Lake at Mumbai from February 2, 2018 till February 8, 2018. The photo exhibition was inaugurated on ‘World Wetlands Day’ to spread awareness of world’s shrinking wetlands. This is a unique feat by any Indian Corporate towards creating awareness and rallying support towards India’s shrinking wetlands. The objective of the photo exhibition is to bring together opinions of experts from diverse fields to strategise a way forward towards Chilika – The largest brackish water lake – to obtain heritage status from UNESCO.ONGC…
Rs. 2600 Crore allocated under Prime Minister Krishi Sinchai Yojna to provide assured irrigation in 96 deprived irrigation districts The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley, while announcing the General Budget 2018-19 in Parliament today announced important measures to give a boost to livelihoods in rural areas of the country. “As my proposals outlined indicate, focus of the Government next year will be on providing maximum livelihood opportunities in the rural areas by spending more on livelihood, agriculture and allied activities and construction of rural infrastructure”, the Minister said. Shri Jaitley informed that in 2018-19, for…
In order to encourage professionalism in post-harvest value addition in agriculture, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to allow hundred per cent deduction to companies registered as Farmer Producer Companies and having annual turnover up to Rs.100 crores in respect of their profit derived from such activities for a period of five years from financial year 2018-19. This was announced by the Finance Minister Shri Arun Jaitley while presenting the General Budget 2018-19 in Parliament here today. The Finance Minister mentioned that at present, hundred per cent deduction is allowed in respect of profit…
Infrastructure Allocation enhanced To Rs.5.97 Lakh Crore: Transport Sector Gets An All Time High Allocation Nabh Nirman initiative announced to expand Airport Capacity 10 Iconic Tourism destinations to be developed Allocation for Digital India program doubled : mission on cyber physical systems to be launched Rs. 10000 Crore provided for creation and augmentation of telecom infrastructure. Online monitoring system Pragati helps fast track infra projects worth Rs 9.46 Lakh Crore The Government has enhanced allocation for the Infrastructure Sector in the Union Budget 2018-19, recognizing its role as the growth driver of the economy. The budgetary and extra budgetary expenditure…
In an effort to make the villages open defecation free and improving the lives of villagers, the Finance Minister in his budget speech today announced the launch of Galvanizing Organic Bio-Agro Resources Dhan (GOBAR-DHAN) . The Minister added that this will manage and convert cattle dung and solid waste in farms to compost, bio-gas and bio-CNG. The Finance Minister also announced that 187 projects have been sanctioned under Namami Gange Programme for infrastructure development, reverse surface cleaning, rural sanitation and other interventions at a cost of Rs.16, 713 crore. 47 projects have been completed and remaining projects are at various…
First modern train-sets to be commissioned during 2018-19 600 major railway stations to be redeveloped Mumbai and Bengaluru rail networks being expanded Institute in Vadodara to train Manpower for high speed Rail projects In keeping with the Government’s focus on strengthening the Railways network in the country the General Budget 2018-19 has enhanced the allocation for the Ministry. Presenting the Budget in the Parliament here today, the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley said that Railways’ Capex for the year 2018-19 has been pegged at Rs.1,48,528 crore. A large part of this will be devoted to…