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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 ..
Month: Current Affairs - January, 2020
QCI Survey: More than 67% of toys fail to meet the standards
The Quality Council of India (QCI) recently released its survey on imported toys. According to the report, 66.9% of the toys failed the test. Highlights The QCI conducted the testing on toys that were available in the Delhi markets and ..
Month: Current Affairs - December, 2019
GoI to allot six Coal Mines to reduce coal imports
On December 13, 2019, Ministry of Coal initiated the auction process of 27 coal mines. Out of the 27 coal mines, applications were received for 6 mines. It includes mines at Bikram, Brahmapuri, Bhaskarpara, Jagannathpur and Jamkhani. Highlights The mines ..
Month: Current Affairs - December, 2019
Foreign Exchange reserve touches a new high of 451.08 billion USD
According to the weekly data released by the Reserve Bank of India, the foreign exchange reserve touched a new high of 451.08 billion USD. The foreign exchange currency assets include the depreciation or appreciation of the non-US currency like pound, ..
Month: Current Affairs - December, 2019
GST Revenue Collection Report for November 2019
According to a report published by the Ministry of Finance, Gross Goods and Services Tax(GST) revenue collected in November was Rs 1,03,492 crore out of which Central GST (CGST) is around Rs 19,592 crore, State GST (SGST) of Rs 27,144 ..