Industrial Development Current Affairs, GK & News

Central Government Scheme for Industrial Development of J&K

The Cabinet Committee on Economic Affairs recently chaired by Prime Minister Narendra Modi approved an ambitious scheme to boost the industrial development of Jammu and Kashmir. The Government of India has allocated 28,400 crores of Rupees for the industrial development of Jammu and Kashmir scheme. The funds are to be used to develop industrial sector ..

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Cabinet approves to set up a 12-member Technology Group

On February 19, 2020, the Union Cabinet approved to set a technology group. The 12-member group will provide scientific advice on mapping of technologies, commercialization of dual use technologies and develop a road map on selected key technologies. The group will provide three major pillars of support namely Policy support, research and development proposals and ..

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Cabinet approves Industrial Relations Code, 2019

On November 21, 2019, the Union Cabinet approved the introduction of Industrial Relations Code, 2019. This is the third code under labor reforms. Under the new code, forty-four laws are to be amalgamated into four codes. The four codes include wage rates, social security, industrial relations and industrial security and labor welfare. Features of the ..

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India and Japan signs loan Agreement for Turga Hydel Project

India and Japan signed Loan Agreement worth Rs. 1817 crore for construction of Turga Pumped Storage (I)’ Hydel Project. On completion, this project will contribute to Industrial Development and Living Standard Improvement in the West Bengal. Key Facts This loan agreement was signed between Union Ministry of Finance, Government of India and Mr. Katsuo Matsumoto, ..

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Odisha Government creating land bank for industrial allocation

The Odisha Government is creating 1.2 lakh acre land bank across state for allocation to industrial sector in order to avoid repeat of Posco fiasco. The purpose of the land bank is to cut red tape and avoid local issues in the land acquisition process. Under it, state government is acquiring government land for industrial ..

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