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India to set up Coal Exchange
India is to set up Coal Exchange trading platform soon. According to the proposal to set up the India Coal Exchange platform, the entire coal mined in the country is to be traded on a common platform called “Coal Exchange”. ..
Month: Current Affairs - June, 2020
GoI: 10 Sectors identified to cut imports
On June 3, 2020, the Department of Promotion for Industry and Internal Trade identified 10 sectors where in the imports are to be cut. This includes textiles, jewelry, mobile, gems, pharmaceuticals, garments, electronics, machinery, etc. Highlights The GoI has recently ..
Month: Current Affairs - June, 2020
India: The Second Largest Manufacturer of PPE in the world
On May 21, 2020, India became the second largest producer of Personal Protective Equipment in the world. China is the leading producer of PPE in the world. Highlights The Ministry of Textiles has been taking several measures to maintain the ..
Month: Current Affairs - May, 2020
GoI: Quota Allocation Procedure for import of Calcined Pet Coke initiated
On April 20, 2020, the Government of India has laid down procedure to allocate quota for the import of calcined pet coke in the financial year 2020-21. Highlights In October 2018, the Government of India permitted imports of certain quantity ..
Month: Current Affairs - April, 2020
Renewable Energy Parks to be set up in India
On April 18, 2020, the Ministry of Renewable Energy has initiated big action to set up Renewable Manufacturing parks in India. Highlights The Ministry of Renewable Energy initiated manufacturing hubs to meet domestic and global demands. In order to achieve ..
Month: Current Affairs - April, 2020
India to get uninterrupted LPG supply from Saudi Arabia
On March 29, 2020, the Union Minister Dharmendra Pradhan announced that Saudi Arabia has assured India on uninterrupted LPG supply amidst growing threat of COVID-19. LPG in India India is the second largest importer of LPG in the world. It ..
Month: Current Affairs - March, 2020
Corona Virus: NMDC reduced iron ore prices by 1.5%
On March 16, 2020, the National Mineral Development Corporation announced that the prices of iron ore is to be reduced by 1.5%. The Corporation is taking such measures predicting decline in iron ore demands due to the threats of Corona ..
Month: Current Affairs - March, 2020
Mineral Law Amendment Bill passed in Lok Sabha
On March 6, 2020, the Lok Sabha passed Mineral Laws (Amendment) bill, 2020. The bill aims to amend Mines and Minerals (Development and Regulation) act, 1957 and also Coal Mines (Special Provisions) Act, 2015. Highlights The bill was passed in ..
Month: Current Affairs - March, 2020
Import duty on Green Energy Equipment hiked by 20% in Budget 2020-21
The Budget 2020-21 that was presented by the finance Minister Nirmala Sitaraman in the Parliament increased the import duty of green energy equipment like cells by 20%. This is being implemented to drive local manufacturing of the equipment and lowering ..
Month: Current Affairs - February, 2020
Gujarat to import water soluble fertilizers from China
The Gujarat Agro Industries Corporation (GAIC) will import water-soluble fertilizers from China. So far, the state agency has imported 300 tonnes. Highlights The GAIC agency will import, pack and sell the water-soluble fertilizers to farmers. The new fertilizers have been ..