Industrial

Panel to tackle pollution around Taj Mahal

The government has formed a committee comprising officials of the environment ministry, experts from NEERI, IITs and various other forums to look into the issue of industrial pollution around the iconic Taj Mahal. The committee will be headed by C K Mishra, Secretary, Ministry of Environment, Forest and Climate Change. The committee will take up the problems on a case-to-case basis.

RBI grants licence to Bank of China

The Reserve Bank of India has issued the license to Bank of China to launch operations in India. With this, Bank of China becomes the second Chinese bank after the Industrial and Commercial Bank of China to have a branch in India. Bank of China is one of the four biggest state-owned commercial banks in China. Bank of China opened its first branch in South Asia in Pakistan’s Karachi in 2017.

Bank credit rises 3.4% in Dec. 2017 quarter

Bank credit grew 3.4% on a sequential basis in the December 2017 quarter. It was due to better performance by private sector banks and an uptick in industrial credit after two successive quarters of declines, according to the Reserve Bank data. At the end of the December quarter, bank credit stood at ?80.62 trillion compared with ?77.95 trillion in the Sept 2017 quarter as per the RBI data.

Retail inflation for industrial workers falls

Retail inflation for industrial workers fell to 3.97% in April. Labour Ministry said the fall is mainly due to lower prices of food items. All India Consumer Price Index for Industrial Workers (CPI-IW) is issued by Labour Bureau. The index is used for working out dearness allowance for central government employees and dearness relief for central pensioners.

Tamil Nadu e-Governance Agency got award

Tamil Nadu e-Governance Agency (TNeGA) has received an award for promoting ease of doing business. TNeGA developed an investor facilitation portal that provides single window clearance to industrial proposals in the state. The award was given in recognition of simplification of procedure and ease with which clearances from various authorities can be procured by a business.

Development of ‘Freight Village’ in Haryana

Cabinet approved the development of trunk infrastructure components for the integrated multi-modal logistics hub known as ‘Freight Village’. They will be built at Nangal Chaudhary in Haryana under the Delhi-Mumbai Industrial Corridor Project. Freight villages are logistics centers, where the cargoes from different transport modes can be reloaded, compiled and prepared for transportation.

India-dedicated investment fund

China’s largest bank, Industrial & Commercial Bank of China has launched country’s 1st India-dedicated publicly offered investment fund. The fund will invest in exchange-traded funds listed on more than 20 exchanges in Europe & US that are based on Indian market.The bank said that the Indian market offers the best opportunity for Chinese investors due to the prospects of double-digit growth.

Industrial output growth at 4.4%

13 : Industrial output grew by 4.4% in March, the slowest in five months, due to a fall in capital goods production and deceleration in mining activity. Industrial growth measured by the Index of Industrial Production in 2017-18 too decelerated to 4.3% from 4.6% in the previous fiscal. The IIP grew by 4.4% in March 2017, the same as in March 2018 according to Central Statistics Office.

Haryana to adopt startup ranking

Haryana government had decided to adopt startup ranking framework issued by Department of Industrial Policy and Promotion (DIPP), Government of India. This would help bring to fore progress made by the state for promoting start-up ecosystem & foster competitiveness. The framework is spread across seven areas of interventions with a total of 38 action points and overall score of 100 marks.

CSIR bags Intellectual Property Award

The Council of Scientific and Industrial Research (CSIR) has been awarded the National Intellectual Property Award, 2018 for being the top research and development organisation for patents and commercialisation.The award was handed over by Union Commerce Minister Suresh Prabhu to mark the World Intellectual Property Day. The CSIR was established in 1942.