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Prime Minister dedicated Brahmaputra Cracker and Polymer Limited to Nation

Published on: 05-FEB-2016
Important for Exam: 5 people agreed

The Brahamputra Cracker and Polymer Ltd was conceived as part of the Assam peace accord signed during the tenure of Prime Minister Rajiv Gandhi.

Union Government granted Miniratna Category-I Status to HSCC

Published on: 04-FEB-2016
Important for Exam: 1 people agreed

It got the status for its consistency in excellent performance in top and bottom-line growth along with its turnover, particularly for the last five years. These status are granted by the Department of Public Enterprises under Union Ministry of Heavy Industries and Public Enterprises.

Union Government set up two panels to reform tax policies

Published on: 03-FEB-2016
Important for Exam: 8 people agreed

The TPRU will be a multi-disciplinary body to examine and analyse any fiscal or tax policy referred by the Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC).

First revised estimates of macroeconomic indicators for 2014-15 released

Published on: 31-JAN-2016
Important for Exam: 9 people agreed

As per the revised estimates, the GDP growth for 2013-14 and 2014-15 was estimated at 6.6 and 7.2 percent against the previous estimates of 6.9 and 7.3 percent respectively.

CCEA approved hybrid annuity model for highway projects

Published on: 28-JAN-2016
Important for Exam: 5 people agreed

Under this model, the government will provide 40 percent of the project cost to the developer to start work while the remaining investment has to be made by the developer.

ONGC received environmental nod for 53000 crore rupees KG basin project

Published on: 25-JAN-2016
Important for Exam: 12 people agreed

ONGC is planning to drill 45 development wells and set up a Floating Production Storage and Offloading (FPSO) facility, among others.

SEBI released report of Narayan Murthy-panel on Alternative Investment Policy

Published on: 21-JAN-2016
Important for Exam: 6 people agreed

The 21-member committee was constituted by the SEBI in March 2015 to suggest measures for development of the alternative investment funds (AIFs) and startup eco-system in the country.

CCEA approved setting up of over 5000 MW of Grid-connected Solar PV Power Projects

Published on: 21-JAN-2016
Important for Exam: 6 people agreed

The work will be implemented by Solar Power Developers (SPDs) with Viability Gap Funding (VGF) under Batch-lV of Phase-ll of the Jawaharlal Nehru National Solar Mission (JNNSM).

Union Government granted Infrastructure Status to Shipyard Industry

Published on: 21-JAN-2016
Important for Exam: 9 people agreed

With the granting of the infrastructure status, the shipyards will be able to avail flexible long-term funding at lower costs.

CCEA approved six-laning of NH-2 in Bihar and Jharkhand

Published on: 21-JAN-2016
Important for Exam: 3 people agreed

The estimated cost of the project is 4918.48 crore rupees including cost of land acquisition, resettlement and rehabilitation and other pre-construction activities.

Union Cabinet approved amendments in Power Tariff Policy

Published on: 21-JAN-2016
Important for Exam: 6 people agreed

For the first time, a holistic view of the power sector has been taken and comprehensive amendments have been made in the Tariff policy 2006.

Ministry of Shipping initiated Project Green Port to make Indian ports cleaner and greener

Published on: 20-JAN-2016
Important for Exam: 8 people agreed

Project Green Ports will have two verticals, namely Green Ports Initiatives and Swachh Bharat Abhiyaan.

Draft report of R V Easwar Committee to simplify Income-tax Act, 1961 released

Published on: 19-JAN-2016
Important for Exam: 16 people agreed

The draft recommendations contain 27 suggestions for amendments under the Income-tax Act, 1961 and 8 recommendations for reform through administrative instructions.

PM Narendra Modi launched Start-up India initiative

Published on: 18-JAN-2016
Important for Exam: 37 people agreed

As part of the initiative, a slew of financial, policy and regulatory measures were announced to give impetus to startup ecosystem in the country.

NITI Aayog collaborated with IDFC for Enterprise Survey of Manufacturing Firms

Published on: 18-JAN-2016
Important for Exam: 13 people agreed

The primary objective of this Survey is to assess the business regulatory environment in each State and UT and identify policy and regulatory hurdles faced by businesses in the States/UTs.

India saved 1 billion US dollars annually using Aadhaar: World Bank

Published on: 16-JAN-2016
Important for Exam: 29 people agreed

It was revealed in the bank’s publication World Development Report 2016: Digital Dividends that was released in Washington DC, the USA.

Union Government signed a loan agreement with World Bank for Neeranchal National Watershed Project

Published on: 15-JAN-2016
Important for Exam: 16 people agreed

Inida signed a loan agreement with World Bank for the Neeranchal National Watershed Project to support the Pradhan Mantri Krishi Sinchayi Yojana in hydrology and water management, agricultural production systems, capacity building and monitoring and evaluation.

President gave nod to Sugar Cess (Amendment) Bill, 2015

Published on: 14-JAN-2016
Important for Exam: 19 people agreed

The bill will help the government meet its expenditure on interventions to ensure payment of dues to the sugarcane farmers.

Gadkari inaugurated 2nd Liquid Chemical Berth of Mumbai Port Trust

Published on: 14-JAN-2016
Important for Exam: 5 people agreed

With commissioning of this berth, the cargo handling capacity of the Port will increase by 2.5 MMT (Million Metric Tonnes) per annum.

DAC approved major changes in Defence Procurement Procedure

Published on: 13-JAN-2016
Important for Exam: 6 people agreed

The DPP 2016, which will take at least another two months for it to be notified, allows government funds up to 90 percent of development costs to private companies to push research and innovation.

Union Cabinet approved creation of a Credit Guarantee Fund for MUDRA loans

Published on: 07-JAN-2016
Important for Exam: 16 people agreed

The cabinet also approved to convert MUDRA Ltd. into MUDRA Small Industries Development Bank of India (SIDBI) Bank as a wholly owned subsidiary of SIDBI.

Andhra Bank launched Immediate Payment Service

Published on: 06-JAN-2016
Important for Exam: 29 people agreed

IMPS makes payments possible within fraction of seconds with all the standards and integrity maintained for security.

Union Government abolished export duty on Iron Ore Pellets

Published on: 06-JAN-2016
Important for Exam: 7 people agreed

The move will make the commodity more competitive amid subdued demand and weakening prices.

IRB Infra bagged 10050 crore rupees project to build Zozila Pass tunnel project

Published on: 05-JAN-2016
Important for Exam: 13 people agreed

The Zojila Pass tunnel will be the longest in South Asia once completed. Presently, Chenani-Nashri tunnel at 9 km is the country’s longest road tunnel.

Sterlite Grid commissioned first power project under TBCB incentive regime

Published on: 05-JAN-2016
Important for Exam: 6 people agreed

With the commissioning of the RAPP Transmission Project, Sterlite Grid so far has commissioned four out of a portfolio of seven projects.

RBI imposed 1 crore rupees Penalty on State Bank of Travancore

Published on: 05-JAN-2016
Important for Exam: 6 people agreed

The monetary penalty has been imposed for violation of its instructions including reporting of data to Central Repository of Information on Large Credits (CRILC).

Union Government to roll out LPG-like DBT scheme for kerosene from 1 April 2016

Published on: 04-JAN-2016
Important for Exam: 13 people agreed

In the initial phase, the scheme will be implemented in selected 26 districts of eight states: Chhattisgarh, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Maharashtra, Punjab and Rajasthan.

CCEA approved Amended Technology Upgradation Fund Scheme for textiles industry

Published on: 30-DEC-2015
Important for Exam: 5 people agreed

The new scheme will give a boost to Make in India in the textiles sector. It is expected to attract investment to the tune of one lakh crore rupees and create over 30 lakh jobs.

Bharat Petroleum commissioned Crude Distillation unit in Mumbai

Published on: 29-DEC-2015
Important for Exam: 8 people agreed

The new state of the art CDU that came at a cost of 1419 crore rupees is a replacement of old Crude and Vacuum units of the refinery.

Report of Vijay Kelkar Committee on Revisiting & Revitalizing PPP Model released

Published on: 29-DEC-2015
Important for Exam: 19 people agreed

The Committee strongly endorsed setting up of the “3PI” which can, in addition to functioning as a centre of excellence in PPPs, enable research, review and roll out activities to build capacity, etc.

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