Economies Current Affairs, GK & News

Petroleum minister Dharmendra Pradhan visits oil field

The Sakhalin oil field in Russia is a prolific oil producing field like Bombay High. Exxon Mobil, Rosneft, Japanese SODECO and ONGC Videsh are the partners in this field which will continue to produce oil and gas till 2055. It is in news because the Union Minister of Petroleum and Natural Gas & Steel – ..

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Government Proposes Major changes in Corporate Tax Rates

The Union Minister of Finance Nirmala Sitharaman has announced big cuts in the corporate tax rate, giving a ₹1.45 lakh crore stimulus aimed at reviving private investment and lifting growth from a six-year low. The government has also rolled back the enhanced surcharge on capitals gains resulting from the sale of equity share in a ..

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Cabinet approves 5 year extension of Biomedical Research Career Programme

The Union Cabinet approved the extension of the Biomedical Research Career Programme and Wellcome Trust (WT)/DBT India Alliance beyond its initial 10-year term to a new five year phase. The extension is carried for its new 5 year phase from 2019-20 to 2023-24 with the Department of Biotechnology increasing its commitment to two times that ..

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China largest producer of crude steel in world

As per latest report of the World Steel Association (WSA), China is the largest producer of crude steel accounting for more than 51% of production. While, India has replaced Japan as world’s second largest steel producing country. The crude steel production of India in 2018 was at 106.5 MT. It went up by 4.9% from ..

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UK partner country at International CII Agro Tech 2018

On December 1, President Ram Nath kovind inaugurated the 13th edition of International CII Agro Tech 2018 with theme ‘Technology in Agriculture: Increasing Farmer’s Income’. The 4-day International Agro Technology and Business Fair is being organised by Confederation of Indian Industries (CII). In the fair, the partner country is Great Britain while focus countries are ..

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