capital goods Current Affairs, GK & News

Inter-Ministerial Committee set up to strengthen Capital Goods Sector

On November 11, 2020, the Government of India set up an inter-ministerial committee to strengthen capital goods sectors. This will help India achieve its goal of becoming a 5 trillion USD economy. Highlights The Government of India has set up a 22-member inter-ministerial committee to strengthen Capital Goods Sector. The committee will look into issues ..

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RBI launches OBICUS

On April 16, 2020, the Reserve Bank of India launched OBICUS. This is the 49th round of survey by the apex bank for the period January to March. Highlights The Capacity Utilisation declined to 68.6% from 69.1%. What is OBICUS survey? OBICUS is Order Books, Inventories and Capacity Utilization Survey (OBICUS). The survey provides an ..

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Industrial production growth slows to 1.7% in January 2019

The Central Statistics Office (CSO) has released the data for the Index of Industrial Production (IIP) for the month of January. The IIP data shows that: Industrial output growth stood at 1.7 per cent in January against the 2.6% growth recorded in December 2018. The CSO has revised the industrial production growth for December 2018 has ..

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IIP rises to 9-month high of 4.3% in August 2017

According to data released by Central Statistics Office (CSO), factory output measured in terms of Index of Industrial Production (IIP) has grown nine-month high to 4.3% in August 2017. This was mainly due to a robust performance of the mining and power sectors. Key Facts The manufacturing sector output grew 3.1% in August 2017, mining ..

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Union Cabinet approves MoU between India and Germany

The Union Cabinet has approved signing of a Memorandum of Understanding (MoU) with Steinbeis GmbH Co. KG, Germany for technology transfer and resourcing in manufacturing, including sub-sectors of Capital Goods. The MoU between India Steinbeis GmbH was signed in April, 2016 during the Industrial Exhibition Hannover Messe 2016 in Hannover, Germany. Steinbeis GmbH is leading ..

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