Ministry of Commerce Current Affairs, GK & News

Govt. imposes safeguard duty on solar cells for one more year till July 2021

The government has imposed the safeguard duty of solar cells for one more year till July 2021 with the aim to protect the domestic manufacturers and discourage cheap imports from countries such as China. The same recommendation has also been given by the Directorate General of Trade Remedies, the investigative arm of the Ministry of ..

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ACT program launched by the start-up community

The start-ups in India have collectively launched the ACT (Action COVID-19 Team) project with 100 crore INR grants to speed up initiatives to fight the COVID-19 pandemic. About the Program The ACT or Active COVID-19 Team is a program launched collectively by the start-up community. The program was launched with the following objectives: Provision of ..

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GeM portal finished transactions worth Rs.40,000 crore

The national online platform for public procurement, Government e-Marketplace (GeM) was launched by the Union Commerce Ministry in 2016. It is an open and transparent procurement platform for government departments. GeM was recently in news as public procurement worth Rs.40,000 crore has taken place through the online portal. In the recent Union budget, it was ..

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Growth of eight core sectors slows to 2.1% in July 2019

According to official data released by Government, Growth of eight core industries (Index of Eight Core Industries) dropped to 2.1% in July 2019. It was mainly due to contraction in coal, crude oil, natural gas and refinery products. These eight sectors had expanded by 7.3% in July 2018. Moreover, it has declined by 6.2% during ..

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Government to constitute working group for revision of Wholesale Price Index

Central Government has constituted Working Group for the revision of the current series of Wholesale Price Index (Base 2011-12). It will be chaired by Prof. Ramesh Chand, Member, NITI Aayog. Office of Economic Adviser, Department for Promotion of Industry & Internal Trade will be nodal office for Working Group. It will process report / recommendation ..

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