TBB BUREAU NEW DELHI, JUNE 6, 2021 Leading fertiliser cooperative major Indian Farmers Fertiliser Cooperative Ltd (IFFCO) on Sunday said that it has started commercial production of nano urea liquid and dispatched the first consignment to Uttar Pradesh. Priced at Rs 240 per bottle, the nano urea liquid is 10 per cent cheaper than the cost of a bag of ...
Read More »India
New taxpayer-friendly e-filing portal of Income Tax Department to be launched on June 7
TBB BUREAU NEW DELHI, JUNE 5, 2021 Income Tax DepartmentIn a bid to provide convenience, modern and seamless experience to the taxpayers, the Income Tax Department will launch its new e-filing portal www.incometax.gov.in on 7th June, 2021. The new portal will be integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers; all interactions and ...
Read More »GST revenues up 65pc in May at Rs 1.02 lakh crore
TBB BUREAU NEW DELHI, JUNE 5, 2021 India’s gross Good and Services Tax (GST) revenue collections remained above the psychological mark of Rs 1 lakh crore, clocking a high of Rs 1,02,709 crore in May 2021. The revenues for the month of May 2021 are 65 per cent higher than the GST revenues in the corresponding month last year. During ...
Read More »India advances 20 per cent ethanol-blending in petrol to 2025: PM
TBB BUREAU NEW DELHI, JUNE 5, 2021 India has advanced the target date for achieving 20 per cent ethanol-blending in petrol by five years to 2025, Prime Minister Narendra Modi said on Saturday Speaking at the release of ethanol blending road map 2020-25 on the occasion of World Environment Day today, Modi said “the target for mixing 20 per cent ...
Read More »As many as 50,000 startups recognised by DPIIT: Commerce Ministry
TBB BUREAU NEW DELHI, JUNE 3, 2021 As many as 50,000 startups have been recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) till date, an official statement said today. Startup India is a flagship initiative of the government launched on January 16, 2016. The initiative is intended to catalyse a startup culture and build a strong ...
Read More »India registers impressive trade performance in May’21
TBB BUREAU NEW DELHI, JUNE 3, 2021 Union Commerce Secretary Dr Anup Wadhawan on Thursday said that India’s export performance continues to be impressive, with provisional data of merchandise exports in May 2021 showing a significant growth of 67.39 per cent over May 2020 level and 7.93 per cent over May 2019 level. Talking to media, he said that Merchandise ...
Read More »India exports 11,49,341 MT of Marine products during FY21
TBB BUREAU NEW DELHI, JUNE 3, 2021 The COVID pandemic and sluggish overseas markets cast their shadow over India’s resurgent seafood sector as the country exported 11,49,341 MT of marine products worth Rs 43,717.26 crore (US$ 5.96 billion) during FY 2020-21, registering a contraction of 10.88 per cent as compared to a year earlier. USA, China and the European Union ...
Read More »ADB, India sign agreement to support preparation of road upgradation project in Sikkim
TBB BUREAU NEW DELHI, JUNE 3, 2021 The Asian Development Bank (ADB) and the Government of India today signed a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities to upgrade major district roads in Sikkim that will help improve connectivity to important towns, rural areas, and pilgrimage and tourist destinations in the northeastern state. ...
Read More »GST return filing deadline for May extended till June 26
TBB BUREAU NEW DELHI, MAY 31, 2021 Following the recommendations of the GST Council, the Centre has extended the deadline to file GST returns for May by 15 days till June 26. The GST Council, in its 43rd meeting on May 28, had decided to extend certain compliance relaxations on account of Covid-19. The Central Board of Indirect Taxes and ...
Read More »BMW X7 M50d ‘Dark Shadow’ edition launched in India
TBB BUREAU GURUGRAM, MAY 31, 2021 BMW Group India on Monday launched the new BMW X7 M50d ‘Dark Shadow’ Edition. Limited units of the exclusive edition can now be booked at shop.bmw.in. The model is available in India as a completely built-up unit (CBU). Launching the new model, Vikram Pawah, President, BMW Group India said, “The BMW X7 is a ...
Read More »Center approves procurement of 1.5 lakh units of DRDO’s ‘Oxycare’ system
TBB BUREAU NEW DELHI, MAY 12, 2021 The Union government on Wednesday approved the procurement of 1.5 lakh units of ‘Oxycare’ system developed by the Defence Research and Development Organisation (DRDO) to help in the treatment of COVID-19 patients. The ‘Oxycare’ systems will be procured at a cost of Rs 322.5 crore using the PM-Cares Fund, according to the Defence ...
Read More »Science and Technology for a sustainable future
TBB BUREAU BHUBANESWAR, MAY 11, 2021 National Technology Day 2021 on May 11 celebrates the achievements and contributions of Indians to science and technology. This day serves as a reminder of India breaking into the elite group of nations with nuclear weapons. On May 11, 1998, India conducted three successful nuclear tests at the Indian Army’s Pokhran Test Range in ...
Read More »DCGI approves anti-COVID drug developed by DRDO for emergency use
TBB BUREAU NEW DELHI, MAY 8, 2021 An anti-COVID-19 therapeutic application of the drug 2-deoxy-D-glucose (2-DG) has been developed by Institute of Nuclear Medicine and Allied Sciences (INMAS), a lab of Defence Research and Development Organisation (DRDO), in collaboration with Dr Reddy’s Laboratories (DRL), Hyderabad. Clinical trial results have shown that this molecule helps in faster recovery of hospitalised patients ...
Read More »Railways issues fresh SOPs amid rising Covid cases
TBB BUREAU BHUBANESWAR, MAY 7, 2021 The Ministry of Railways has issued a revised Standard Operating Procedure (SOP) to be strictly adhered to in the movement of passengers by trains across the country. With the rising number of COVID-19 cases and deaths, the railways decided to advise passengers to wear face masks at the time of entry and also during ...
Read More »UK to send 1,000 more ventilators ahead of Modi-Johnson virtual talks on Tuesday
TBB BUREAU BHUBANESWAR, MAY 3, 2021 The British government will send 1,000 more ventilators from its surplus supply to Indian hospitals. This will be in addition to 200 ventilators, 495 oxygen concentrators and three oxygen generation units the UK has announced as part of its assistance package last week. Apart from providing medical supplies, England’s Chief Medical Officer Chris Whitty ...
Read More »Sanjay Mohanty takes over as Railway Board Member
TBB BUREAU NEW DELHI, MAY 1, 2021 Sanjay Kumar Mohanty on Saturday took over the charge of Member (Operations & Business Development), Railway Board in the Ministry of Railways and Ex Officio Secretary to the Government of India. Sanjay Kumar Mohanty Prior to the new assignment, Mohanty was General Manager, South Eastern Railway. An alumnus of Delhi School of Economics ...
Read More »Covid-19: SAIL to set up additional 2,500 beds with gaseous oxygen facilities
TBB BUREAU NEW DELHI, MAY 1, 2021 With the Covid-19 cases rising at an alarming rate in the country, state-run Steel Authority of India Limited (SAIL) is planning to set up jumbo medical facilities of about 2,500 beds with gaseous oxygen (GOX) for Covid treatment. This will be in addition to the facilities currently available at SAIL’s five integrated steel ...
Read More »GST revenue collection for April hits record high of Rs 1,41,384 crore
TBB BUREAU NEW DELHI, MAY 1, 2021 The gross Goods and Services Tax (GST) revenue collection for April 2021 hit new record high of Rs 1,41,384 crore, of which CGST was Rs 27,837 crore, SGST Rs 35,621, IGST Rs 68,481 crore (including Rs. 29,599 crore collected on import of goods), and Cess Rs. 9,445 crore (including Rs. 981 crore collected ...
Read More »Govt permits oxygen concentrator imports via post, courier for personal use under gift category
TBB BUREAU NEW DELHI, MAY 1, 2021 Amid increasing demand for oxygen due to rapid surge in COVID-19 cases across the country, the government has allowed imports of oxygen concentrators for personal use through post, courier or e-commerce portals under the ‘gifts’ category, the Ministry of Commerce & Industry said on Saturday. The exemption for oxygen concentrators is allowed till ...
Read More »Centre releases first instalment of Rs 8873.6 crore under State Disaster Response Fund
TBB BUREAU NEW DELHI, MAY 1, 2021 As a special dispensation, the Department of Expenditure, Ministry of Finance at the recommendation of Ministry of Home Affairs has released in advance of the normal schedule the first instalment of the central share of the State Disaster Response Fund (SDRF) of Rs 8873.6 crore for the year 2021-22 to all the States, ...
Read More »UK sends oxygen factories to help India in fight against Covid-19
TBB BUREAU BHUBANESWAR, APRIL 29, 2021 At a time when India is facing an acute shortage of oxygen supply amid a surge in Covid-19 cases, the United Kingdom has sent more vital oxygen equipment to India in support of the country’s fight against COVID-19. Three oxygen generation units have been sent from surplus stocks in Northern Ireland to support India ...
Read More »Govt may hike pension sector FDI limit to 74 per cent
TBB BUREAU NEW DELHI, APRIL 11, 2021 After the insurance sector, the Union government in going to hike the foreign direct investment (FDI) limit in the pension sector to 74 per cent, and table a bill in this regard in the next session of the Parliament. Currently, the FDI in the pension fund is capped at 49 per cent. Amendment ...
Read More »Livinguard AG steps up to safeguard Indians during Covid 2.0
TBB BUREAU BHUBANESWAR, APRIL 8, 2021 Since March 2021, the daily cases of Covid-19 have been rising and have hit a 5-month high, with the maximum active cases reported from Maharashtra. One of the primary reasons behind the sudden spike is the complacency among the public about wearing masks and maintaining basic COVID protocols. To help control the increasing numbers ...
Read More »Vedanta’s ‘waste to wealth’ programmes foster MSMEs in Odisha, Chhattisgarh
TBB BUREAU NEW DELHI, APRIL 7 India’s largest producer of the aluminium and its value-added products, Vedanta Aluminium & Power Business is fostering hundreds of Micro, Small and Medium Enterprises (MSMEs) in remote rural areas with its innovative ‘waste to wealth’ programmes. ‘Waste to wealth’ projects form a key pillar of Vedanta’s sustainability agenda which is centred around ‘Zero Harm, ...
Read More »Poonam Gupta appointed as NCAER Director General
TBB BUREAU NEW DELHI, APRIL 5, 2021 Poonam Gupta has been appointed as the Director General of country’s largest economic think-tank National Council of Applied Economic Research (NCAER). Gupta who is currently working as a lead economist with the World Bank, will be the first woman Director General of NCAER, and will assume office on July 1, 2021. Gupta holds ...
Read More »NTPC Group’s total installed capacity reaches 65,810 MW
TBB BUREAU NEW DELHI, APRIL 5, 2021 With successful completion of trial operations by Unit 2 (660 MW) capacity in Stage 2 (2X660MW) of Tanda Super Thermal Power Station in Uttar Pradesh, the NTPC said that its installed capacity has risen to 65,810 MW. NTPC is striving to achieve highest reliability and efficiency keeping safety and environment issues on top, ...
Read More »Banks to conduct special clearing of govt cheques on March 31
TBB BUREAU BHUBANESWAR, MARCH 28, 2021 Banks will conduct special clearing operations exclusively for government cheques on March 31 to facilitate accounting of all the government transactions for the current fiscal. In a notification to all scheduled banks along with small finance banks and the National Payments Corporation of India, Reserve Bank of India (RBI) said that it is mandatory ...
Read More »Cabinet approves Covid-19 vaccination for people above 45 years from April 1
TBB BUREAU BHUBANESWAR, MARCH 23, 2021 The Union Government today allowed people above 45 years to get vaccinated against coronavirus from April 1. “It has been decided that from 1st April, the vaccine will open for everybody above 45 years of age. We request that all eligible should immediately register and get vaccinated,” said Union Minister Prakash Javadekar about the ...
Read More »Rs 57,078.22 lakh disbursed under Atal Pension Yojana till February 2021
TBB BUREAU NEW DELHI, MARCH 22, 2021 The Centre has made a co-contribution amount of Rs 57,078.22 lakh disbursed till February 2021 under Atal Pension Yojana, informed Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today. The Minister further stated that the Central Government co-contributes 50 ...
Read More »Postal Department organises International Letter Writing competition 2021 for young people
TBB BUREAU NEW DELHI, MARCH 22, 2021 Department of Posts will be organising Universal Postal Union (UPU)’s 2021 International Letter Writing Competition for Young People in all States of the country through the respective Postal Circle Offices. The subject for the Competition is “Write a letter to a family member about your experience with COVID-19” and shall be open to ...
Read More »India’s development and self-reliance is dependent on water security and water connectivity: PM
TBB BUREAU NEW DELHI, MARCH 22, 2021 Calling upon to step up water conservation efforts, Prime Minister Narendra Modi on Monday said that the better India manages rainwater, the lesser the country’s dependence on groundwater. Launching the ‘Jal Shakti Abhiyan: Catch the Rain’ campaign on World Water Day today via videoconferencing, the Prime Minister said that the challenge of the ...
Read More »Strong socio-economic structure necessary for inclusive development of a nation: Prez Kovind
TBB BUREAU ROURKELA, MARCH 21, 2021 “For inclusive development of a country, strong socio-economic structure is necessary along with the industrial advancement,” said the President of India, Ram Nath Kovind. Speaking on the occasion of inauguration of a Super Specialty Hospital in the Rourkela Steel Plant today, the President said that Rourkela Steel Plant has played a major role in ...
Read More »Importance of a good night’s sleep
TBB BUREAU BHUBANESWAR, MARCH 19, 2021 Experts have underlined the importance of sleep for physical and mental wellbeing on World Sleep Day on Friday. The Shri Ram Chandra Mission (Heartfulness Institute) organised a well-being webinar “A capsule of energy – Yoga practices and sleep” as part of Yoga for Unity and Well-being programme by Heartfulness Institute being held in the ...
Read More »Dalmia Bharat Sugar launches White Crystal and Natural Brown Sugar
PRIYABRAT BISWAL BHUBANESWAR, MARCH 18, 2021 With a vision to expand its reach to the consumers, Dalmia Bharat Sugar and Industries Ltd. (DBSIL) on Thursday announced the launch of its packaged sugar under the brand name “Dalmia Utsav”. In the initial phase of the transition from B2B to B2C segment, DBSIL launches Sulphur Free White Crystal Sugar and Natural Brown ...
Read More »New technology for High Electron Mobility Transistor will make India self-reliant in power transistor technology
TBB BUREAU NEW DELHI, MARCH 18, 2021 Scientists from Bangalore have developed a highly reliable, High Electron Mobility Transistor (HEMTs) that is a normally OFF device and can switch currents up to 4A and operates at 600V. This first-ever indigenous HEMT device made from gallium nitride (GaN) is useful in electric cars, locomotives, power transmission and other areas requiring high ...
Read More »Centre releases final weekly instalment of Rs 4,104 cr GST compensation shortfall
TBB BUREAU NEW DELHI, MARCH 15, 2021 The Union Government has released the final weekly instalment of Rs 4,104 crore to the States to meet the GST compensation shortfall. Out of this, Rs 4,086.97 crore has been released to 23 States while 3 Union Territories have received Rs 17.03 crore. With the current release, 100 percent of the total estimated ...
Read More »Rajinder Chaudhry takes over as ADG, PIB Odisha Region
TBB BUREAU BHUBANESWAR, MARCH 15, 2021 1997 batch Indian Information Service (IIS) officer Rajinder Chaudhry on Monday assumed charge of the Additional Director General (ADG) of Press Information Bureau (PIB), Odisha Region. He will be heading PIB Bhubaneswar and Regional Outreach Bureau (ROB), Bhubaneswar, besides acting as the Additional Press Registrar of RNI. Rajinder Chaudhry, ADG, PIB-Odisha Region Prior to ...
Read More »We have opportunity to build a greener and more prosperous world: Nick Low
TBB BUREAU BHUBANESWAR, MARCH 15, 2021 As the world gradually recovers from the Covid-19 pandemic, we have an opportunity to build a cleaner, greener and more prosperous world, said a senior official of the British Deputy High Commission in Kolkata. “We are at a turning point for our planet. As we recover from COVID-19, we have a unique and priceless ...
Read More »Government encourages investment for economic growth, including health sector
TBB BUREAU NEW DELHI, MARCH 15, 2021 The Government has been contemplating on infusing more investments prioritising growth of infra and health sectors to streamline the economy. This was stated by Union Minister of State for Finance & Corporate Affairs Anurag Singh Thakur in a written reply to a question in Lok Sabha today. The Minister stated that to encourage ...
Read More »NMPB signs MoU with major AYUSH, herbal industry bodies to promote medicinal plant cultivation
TBB BUREAU NEW DELHI, MARCH 15, 2021 The National Medicinal Plant Board (NMPB) has signed an MoU with major AYUSH and herbal industry bodies including Ayurvedic Medicine Manufacturers Organisation of India (AMMOI), Ayurvedic Drug Manufactures’ Association (ADMA), Association of Manufacturers of Ayurvedic Medicine (AMAM), Association of Herbal and Nutraceutical Manufacturers of India (AHNMI), PHD chamber of commerce and Industry (PHDCCI), ...
Read More »Adani Welspun discovers gas in Mumbai Offshore’s Tapti-Daman sector
TBB BUREAU AHMEDABAD, MARCH 15, 2021 Adani Welspun Exploration Ltd (AWEL), a joint venture between the Adani Group and Welspun Enterprises Ltd, on Monday announced its first-ever gas discovery in Nelp-VII block MB-OSN-2005/2 in the Tapti-Daman sector of Mumbai Offshore block. AWEL holds 100 per cent participative interest (PI) and is the Operator of this Block. Spread across 714.6 sq.km., ...
Read More »AM/NS India launches premium colour coated steel ‘KALASH’
TBB BUREAU BHUBANESWAR, MAR 09, 2021 ArcelorMittal Nippon Steel India (AM/NS India) has launched ‘KALASH’ and ‘KALASH GOLD’, its premium colour coated steel range. A first-of-its-kind product in the industry, ‘KALASH’ range of colour coated steel is offered with a warranty of 3 years and 5 years respectively and proven to resist issues like chalking, fading and paint peeling. Print ...
Read More »Rs 1.06L crore GST compensation shortfall released to states
TBB BUREAU NEW DELHI, MARCH 9, 2021 The Department of Expenditure of the Union Finance Ministry has released the 19th weekly instalment of Rs. 2,104 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 2,103.95 crore has been released to 7 States and an amount of Rs. 0.05 crore has been released ...
Read More »GST collections rise 7 pc to Rs. 1.13 lakh crore in Feb
TBB BUREAU NEW DELHI, MARCH 1, 2021 Indicating post-pandemic economic recovery, GST collections crossed the Rs 1 lakh crore-mark for the fifth month in a row, rising 7 per cent to over Rs 1.13 lakh crore, the Finance Ministry said on Monday. The collection is, however, lower than the record Rs 1,19,875 crore collected in the previous month. The gross ...
Read More »Jaideep Bhatnagar takes over as Principal Director General of PIB
TBB BUREAU NEW DELHI, MARCH 1, 2021 Jaideep Bhatnagar has taken over as the Principal Director General of the Press Information Bureau (PIB) today. He took over from Kuldeep Singh Dhatwalia who superannuated on 28th February, 2021. An Indian Information Service Officer of 1986 batch, Bhatnagar has earlier served in Doordarshan News, and as Head of the Commercial, Sales and ...
Read More »PM Modi takes first dose of COVID-19 vaccine
TBB BUREAU NEW DELHI, MARCH 1, 2021 Prime Minister Narendra Modi took his first dose of the COVID-19 vaccine today, at AIIMS New Delhi. In a tweet, the Prime Minister said, “Took my first dose of the COVID-19 vaccine at AIIMS. Remarkable how our doctors and scientists have worked in quick time to strengthen the global fight against COVID-19. I ...
Read More »Reliance acquires majority equity stake in skyTran Inc
TBB BUREAU MUMBAI, FEB 28, 2021 Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited, on Sunday announced that it has acquired additional equity stake in its investee company skyTran Inc. (“skyTran”) for a consideration of USD 26.76 million increasing its shareholding to 54.46% on a fully diluted basis. skyTran is a technology company incorporated ...
Read More »Reliance offers 2 years of unlimited services, new JioPhone at Rs 1,999
TBB BUREAU MUMBAI, FEB 26, 2021 In a bid to accelerate market transition towards ‘2G-Mukt Bharat’ with its affordable services, Reliance Jio has come up with a new ‘JioPhone 2021’ offer wherein a customer will get two years of unlimited services and new JioPhone at Rs 1,999. Under the first-of-its kind offer in India, a new user would get a ...
Read More »Chancellor Naveen Jindal Commits Rs 1,000 crore to expand OP Jindal Global University
TBB BUREAU NEW DELHI, FEB 22, 2021 Leading Indian industrialist and philanthropist and the founding Chancellor of OP Jindal Global University (JGU), Naveen Jindal, has announced an elaborate investment plan of Rs 1,000 crore for sustained futuristic expansion of the University as per ‘JGU Vision 2030 for the next decade. The Sonipat, Haryana-based JGU was recognized as an Institution of ...
Read More »Sahaj Marg, Heartfulness and Yoga beacon of hope for the world: PM
TBB BUREAU HYDERABAD, FEB 16 In today’s fast and stressful life when the world is fighting lifestyle related diseases and pandemic, Sahaj Marg, Heartfulness and Yoga are like a beacon of hope for the world, said Prime Minister Narendra Modi while speaking at an event organized to commemorate 75 years of Shri Ram Chandra Mission, here on Tuesday. “The world ...
Read More »
THEBUSINESSBYTES.COM Fast. Focused. Future-ready