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‘Maharatna’ status for REC

TBB BUREAU NEW DELHI, SEPT 22, 2022 REC has been accorded with the status of a ‘Maharatna’ Central Public Sector Enterprise, thus getting greater operational and financial autonomy. An order to this effect was issued yesterday by the Department of Public Enterprises, under the Ministry of Finance. Incorporated in 1969, REC is an NBFC focusing on Power Sector Financing and ...

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Union Cabinet approves National Logistics Policy

TBB BUREAU NEW DELHI, SEPT 21, 2022 The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the National Logistics Policy. The Policy lays down an overarching interdisciplinary, cross-sectoral, multi-jurisdictional and comprehensive policy framework for the logistics sector. The policy complements the PM GatiShakti National Master Plan. While PM GatiShakti National Master Plan is aimed at integrated infrastructure development, ...

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Union Cabinet approves modifications in PLI scheme for semiconductors manufacturing

TBB BUREAU NEW DELHI, SEPT 21, 2021 Keeping in view the growing demand for semiconductors across the globe, the Union Cabinet on Wednesday approved certain modifications in the production-linked incentive (PLI) scheme for its manufacturing. Under the modified programme, a uniform fiscal support of 50 per cent of project cost shall be provided across all technology nodes for setting up ...

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Govt approves Rs 19,500-crore PLI scheme for manufacturing solar PV modules

TBB BUREAU NEW DELHI, SEPT 21, 2021 The Cabinet, chaired by Prime Minister Narendra Modi, has approved the Ministry of New & Renewable Energy’s proposal for implementation of the Production Linked Incentive Scheme (Tranche II) on ‘National programme on High Efficiency Solar PV Modules’, with an outlay of Rs.19,500 crore for achieving manufacturing capacity of Giga Watt (GW) scale in ...

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Automotive Industry at inflection point, poised to grow significantly: Piyush Goyal

TBB BUREAU BHUBANESWAR, SEPT 14, 2022 The Automotive Industry is at the inflection point and is poised to grow fast, said Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal, while addressing the 62nd Automotive Component Manufacturers Association (ACMA) Annual Session in New Delhi today. Touching upon the theme of session, ‘Future of ...

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Civil servants must learn to work with anonymity and dedication: Vice President to IAS Officers

TBB BUREAU NEW DELHI, SEPT 14, 2022 Vice President Jagdeep Dhankhar on Wednesday called upon IAS Officers to work with dedication for improvement in delivery of services and grievance redressal to citizens, while maintaining the principle of anonymity. As many as 175 IAS officers of the 2020 batch posted as Assistant Secretaries in various Ministries called on the Vice President ...

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Vedanta signs MoUs with Government of Gujarat to set up semiconductors and display fab units

TBB BUREAU DELHI/AHMEDABAD, SEPT 13, 2022 In a major step towards making India self-sufficient in the critical area of semiconductors and displays in line with Prime Minister Narendra Modi’s bold vision to make India Aatmnirbhar (self-sufficient) in key futuristic technologies, Anil Agarwal-led Vedanta today signed two Memorandum of Understandings (MoUs) with the Government of Gujarat to set up a semiconductor ...

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Indian Railways’ overall revenue up by 38pc till August 2022

TBB BUREAU NEW DELHI, SEPT 11, 2022 The overall revenue of Indian Railways at the end of August 2022 was Rs 95,486.58 crore, showing an increase of Rs. 26271.29 crore or 38 per cent over the corresponding period of last year. The revenue from passenger traffic was Rs.25,276.54 crore with an increase of Rs 13,574.44 crore (116 per cent) over ...

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India to become a powerhouse driving global growth by 2047: Union Minister Goyal

TBB BUREAU NEW DELHI, SEPT 11, 2022 Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal said that India is on the path to become a powerhouse driving global growth by 2047. Interacting with the Business Community of Southern California in the USA, the Minister said conclusion of the Indo-Pacific Economic Framework (IPEF) ...

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