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Growing at a compound annual growth rate (CAGR) of about 15 per cent, the agrochemicals sector in India is likely to cross Rs 25,000 crore mark by 2015. The Indian agrochemicals market is currently poised at over Rs 16,000 crore, according to a study titled, ‘Indian Market for Agrochemicals,’ released by The Associated Chambers of Commerce and Industry of India [...]
ASSOCHAM has proposed 30-point growth strategy to the new Government of Punjab with a view to give thrust to the small scale enterprises and food processing sector and achieve double digit growth in the decade. The ASSOCHAM delegation comprising Mr. Ravi Wig, Chairman, ASSOCHAM Punjab Development Council, Mr. Ashok Khanna, Chairman, ASSOCHAM National Council on Environment & Safety and TQM [...]
The passenger load factor and on-time performance of Air India and other private airlines for the last three years are as follows. Passenger Load Factor (%) Year Air India Jet Airways Jetlite Kingfisher Spicejet Go Air IndoGo 2009 66.1 69.3 73.1 70.8 74.7 75.8 78.6 2010 71.4 75.1 78.6 81.0 81.2 78.0 83.6 2011 71.6 73.8 77.6 81.1 75.8 77.9 83.3 On-Time Performance [...]
The Minister of State for Petroleum and Natural Gas Shri R.P.N. Singh informed the Rajya Sabha in a written reply today that the Coal Bed Methane (CBM) production in the country is estimated to reach 4 Million Standard Cubic Meter Per Day (MMSCMD) by the year 2016-17 as compared to the current level of production of 0.23 MMSCMD in 2011-12. [...]
Rs. 135.86 crore have been spent under the scheme for Technology Upgradation/ Establishment/ Modernization of Food Processing Industries as on 29.02.2012 in 2011-12. Ministry of Food Processing Industries under its plan scheme for Technology Upgradation/ Establishment/ Modernization of Food Processing Industries extends financial assistance to food processing units in the form of grant-in-aid @ 25% of the cost of plant [...]
India’s Rs.150-billion ($3 billion) biscuit industry, the third largest in the world, is witnessing a major shift towards ‘premiumisation’ as consumer preferences change, fuelled by soaring disposable incomes in smaller towns and health awareness. People with lower incomes are also upgrading from the ‘affordable’ glucose biscuits to mass cream biscuits and mass cookies. The biscuit industry, which consists of economy, [...]
Technology is the main driving force in today’s fast paced global business scenario. This is even more relevant in the context of developing countries where technological development and employment generation have to go hand in hand. For faster growth of the MSME sector in the country, Ministry of MSME is implementing its programme through its Tool Rooms located at [...]
The Central Public Sector Enterprises (CPSEs) are increasingly into ‘International Trade’ in goods and services, which has a bearing on the Balance of Payments of the country. During the year 2010-11, as many as 140 CPSEs out of the 220 operating CPSEs either had foreign exchange earnings (FEE) or foreign exchange expenditure(FEE). As many as 39 CPSEs were net foreign exchange earners. Out of [...]
Creating a market stabilisation fund to reduce huge volatility in equity markets and counter the aggressive position of foreign institutional investors. Retail investors who find difficult to enter equity markets due to sharp upswings also do not want any lock-in on their investments. Thus the three-year lock-in period under Rajiv Gandhi Equity Scheme announced in the Budget needs to be [...]
The Working Group on Tourism for 12th Five Year Plan, set up by the Planning Commission, has recommended to increase India’s share of International Tourist arrivals to at least 1 % by end of 12th Plan from the level of 0.61% in 2010. For undertaking various activities relating to the development and promotion of tourism, the Working Group has also [...]
The Government proposes to increase the investment in the textiles sector to generate more employment through various schemes i.e. Scheme for Integrated Textiles Parks (SITP), Technology Upgradation Fund Scheme (TUFS), Integrated Skill Development Scheme (ISDS), Technology Mission on Technical Textiles (TMTT). The allocation during 12th Five Year Plan is proposed to be increased to Rs. 49651.69 crores as against allocation [...]
The Strategy Paper for Ministry of Mines titled Unlocking the Potential of the Indian Minerals Sector has identified that the mining sector has the potential to contribute around Rs. 945 to Rs. 1,125 thousand crore to the GDP and create 13 to 15 million jobs through direct and indirect contribution by 2025. To achieve this, the Strategy paper has identified [...]
The Micro and Small Enterprises (MSEs) have potential for employment generation and wide regional dispersal and thus contribute to stabilizing the country’s economy. The Government has been facilitating the promotion and development of MSEs through implementation of various schemes/programmes relating to credit, infrastructure development, technology upgradation, marketing, entrepreneurial/skill development, etc. The major schemes include Credit Guarantee Scheme, Credit Linked Capital [...]
The Union Labour & Employment Minister Shri Mallikarjun Kharge has informed the LokSabha that the Rashtriya Swasthya Bima Yojana (RSBY) was launched on 01.10.2007 to provide smart card based cashless health insurance cover of Rs. 30000 per annum to BPL families (a unit of five) in the unorganized sector. The scheme is presently being implemented in 24 States/Union Territories. More than 2.79 crore BPL families have been covered as on 29.02.2012. A Statement showing the State-wise number [...]
Major minerals being exported by public and private sector enterprises are iron ore, chrome ore/concentrate and manganese ore. Iron ore from different states is stored and blended with cargo at various ports. Therefore, State-wise details of iron ore export are not available. High grade iron ore is exported through MMTC Limited and 100% Export Oriented Units. Exports of low /medium grade iron ore are [...]
Since December, 2008 and till 15.3.2012, the Board of Approval on SEZ has approved 46 requests for de-notification on SEZs, subject to the refund of duty benefits availed, if any, by the developer. In all such cases, either the developers have not availed of duty benefits or the developers are willing to refund/refunded benefits if availed. Reasons given by developers for [...]
The production of Urea has increased from 196.5 Lakh Metric Tonne (LMT) in Financial Year (FY) 2000-01 to 218.8 LMT in FY 2011-12 (projected). India is completely dependent on import for Potassic fertilizers and upto 90% dependent on import for Phosphatic fertilizers. The production of combined P&K fertilizers has increased from 123 LMT in FY 2000-01 to 159 LMT in FY 2011-12 (projected). The total fertilizers subsidy outgo in the [...]
Ministry of Tourism has initiated several measures to promote Medical Tourism. This includes promotion and overseas markets and production of publicity materials like brochure, CD and films etc. and their distribution in target markets. Under the Market Development Scheme of Ministry of Tourism financial support is provided only to approved Medical Tourism Service Providers, i.e. representatives of hospitals accredited by [...]
The Ministry of Tourism, Government of India, as part of its on-going activities, releases media campaigns in the print, electronic, online and outdoor media campaigns in the international and domestic markets, under the Incredible India brand-line, to promote various tourism destinations and products of the country. (c) The expenditure on campaigns released in the International and Domestic Markets is incurred from funds allocated under [...]
The Coir Board is implementing a number of schemes for the holistic development of the coir industry in coconut producing States/areas of the country, including Assam. Under Plan (Science & Technology), schemes for (i) Modernization of Production Processes; (ii) Development of Machinery and Equipments; (iii) Product Development and Diversification; (iv) Development of Environment Friendly Technologies; and (v) Technology Transfer, Incubation, [...]
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