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MSME Ministry received 4.40 lakh applications from entrepreneurs for setting up new businesses: H.P. Chaudhary
Feb 06,2017

The Union Ministry of Micro, Small and Medium Enterprises (MSMEs) has received 4.40 lakh applications from budding entrepreneurs seeking assistance from the Government for setting up business, Minister of State for MSME, Mr H.P. Chaudhary informed at an ASSOCHAM event.

n++I recently took a meeting of small entrepreneurs in Mumbai and received applications from 4.40 lakh entrepreneurs for setting up new industries,n++ said Mr Chaudhary.

He thanked the Prime Minister and Finance Minister for allocating more funds than what was suggested by the MSME Ministry. n++Our department made a proposal demanding funds worth Rs 5,000 crore but the PM gave us funds worth Rs 6,500 crore.n++

n++This budget has provided a lot of support to the MSMEs firstly by almost doubling the allocation, now the small entrepreneur will get collateral free loans worth up to Rs two crore, presumptive tax reduction of two percentage point to six per cent are laudable steps that would help strengthen the sector,n++ he added.

Mr Chaudhary also said that these positive steps are in the right direction aimed at increasing the job generation in the MSME sector.

He further said that promotion to digital payments in MSME sector will spur the growth of MSMEs.

The Minister sought MSME industrys views and suggestions on goods and services tax (GST).

He also complemented the PM for successfully carrying out demonetisation drive. n++Demonetisation was not merely a historical but a risky step but the PM succeeded in his endeavour.n++

In his address at the ASSOCHAM summit, Mr Sanjay Kumar, general manager, RBI (Reserve Bank of India) said that India is rapidly moving towards becoming a less-cash economy which is likely to bring more transparency in monetary transactions.

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Budget 2017-18 focuses on educational empowerment and skill development of the Minorities: Shri Mukhtar Abbas Naqvi
Feb 06,2017

The Minister of State for Minority Affairs (Independent Charge), Shri Mukhtar Abbas Naqvi has said that the Union Budget (General) 2017-18 will be helpful in socio-economic-educational empowerment of Minorities. Shri Naqvi said that the Budget of Minority Affairs Ministry has been increased to Rs 4195.48 crore for 2017-18. This is Rs 368.23 crore more than 2016-17 Budget of Rs 3827.25 crore with an increase of about 9.6 per cent. The Central Governments focus is on educational and skill development of Minorities. Maximum part of the Budget 2017-18 would go for educational empowerment and skill development of the Minorities.

The Minister of Minority Affairs further stated that more than Rs 2600 crore have been provided for various scholarships and skill development schemes such as n++Seekho aur Kamaon++, n++Nai Manziln++, n++Nai Roushnin++, n++Usttadn++, n++Garib Nawaz Skill Development Centren++ and n++Begum Hazrat Mahal Scholarship for Girlsn++. Besides this, funds under Multi-sectoral Development Programme (MsDP) will also be utilised for various educational development activities. Rs 393.54 crore has been given for Merit-cum-Means based scholarship; Rs 950 crore for pre-matric scholarship; Rs 550 crore for post-matric scholarship; Rs 250 crore for n++Seekho aur Kamao (with an increase of Rs 40 crore compared to last budget); Rs 176 crore for n++Nai Manziln++ (with an increase of Rs 56 crore compared to last budget); Rs 113 crore for Maulana Azad Education Foundation; Rs 170 crore as equity for NMDFC.

Shri Naqvi informed that Rs 22 crore has been allocated for n++Usttadn++ scheme which aims to promote and provide national-international markets for traditional arts of the Minority communities. Rs 1200 crore has been allocated for Multi-sectoral Development Programme (MsDP) with an increase of Rs 141 crore compared to last years budget. MsDP scheme provides basic infrastructure for Minority concentrated areas such as schools, hospitals, roads, multi-purpose community centres n++Sadbhav Mandapn++ etc.

He said that for 2017-18, Centre has set a target to provide scholarships to about 35 lakh students. Employment oriented training will be provided to more than 2 lakh youths belonging to Minority communities. Besides this, Honble Prime Ministers new 15-Point Programme has been playing a key role in socio-economic-educational empowerment of Minorities. 24 schemes of 11 Ministries/Departments are presently covered under this programme. Various Ministries spend their about 15 per cent funds for development of Minorities. This has been increased by about 19 per cent.

Shri Naqvi further informed that in the last years budget, about 2800 crore out of Rs 3827 crore have been spent on scholarship, training and other educational related activities. This also include scholarships worth Rs 1816 crore. About 90,000 Minority youths have been trained under n++Seekho aur Kamaon++ scheme. About 70,000 women were provided leadership skills under n++Nai Roushnin++. Rs 650 crore were spent on educational infrastructure under Multi-sectoral Development Programme (MsDP).

During last six months, the Ministry of Minority Affairs also approved about 200 n++Sadbhav Mandapn++ and 16 n++Gurukuln++ type of schools with a cost of about Rs 262 crore. n++Sadbhav Mandapsn++ will be used as community centres for various cultural-social-educational activities as well as relief centres during a calamity.

The Ministry of Minority Affairs has approved 16 n++Gurukuln++ residential schools across the country including Telanagana (7), Andhra Pradesh (6), Karnataka (2) and Jharkhand 1. We have also decided to help those Madrasas who are also providing mainstream education.

Shri Naqvi said that our efforts for empowerment of Minorities include n++Progress Panchayatn++, n++Hunar Haatn++, establishing n++Garib Nawaz Skill Development Centren++, n++Begum Hazrat Mahal Scholarshipn++ for girls, establishing five world class educational institutes for Minorities and 500 quality residential schools and job-oriented skill development centres. About Rs 5300 crore were granted to various states under MsDP in 12th Plan.

n++Hunar Haatn++:

Shri Naqvi said that the Ministry of Minority Affairs is organizing second edition of n++Hunar Haatn++ with the theme n++Craft Aur Cuisine Ka Sangamn++ from 11th to 26th February, 2017 at State Emporia Complex, Baba Kharak Singh Marg, Cannaught Place, New Delhi. n++Hunar Haatn++ is aimed at encouraging, promoting and providing national and international market to artisans/craftsmen belonging to the Minority communities.

Shri Naqvi said that this n++Hunar Haatn++, with the theme of n++Craft Aur Cuisine Ka Sangamn++ is unique in the sense that it would showcase crafts with the traditional cuisines brought from different parts of the country. n++Hunar Haatn++ is being organized through National Minorities Development & Finance Corporation (NMDFC) under USTTAD (Upgrading the Skills & Training in Traditional Arts/Crafts for Development) scheme of Ministry of Minority Affairs.

More than 500 applications of artisans & culinary experts have been received covering 24 states. A total of 100 artisans and 30 culinary experts will participate at about 130 stalls in the second n++Hunar Haatn++, which will also have n++Bawarchikhanan++ where various cuisine from different parts of the country will be showcased and the visitors can enjoy them. n++Hunar Haatn++ is aimed at providing opportunity and a platform under one roof to artisans & craft persons of Minority communities, to demonstrate, showcase and sell their products. The selected artisans include several Awardees from 5 Minority communities representing as many as 23 states.

For the first time in this exhibition very exquisite pieces of Handicraft & Handloom work like Makrana Marble products, Bandhej from Sikar, Mojri from Rajasthan, Banjara Embroidery from Telangana, Handmade Locks & Door Handles along with Phool Patti works from Aligarh, Cocoon decorated products from Nagaland, Mizoram Traditional Crafts, etc would be showcased and sold.

Different cuisines from 13 states are being brought by culinary experts for this second n++Hunar Haatn++. The culinary items includes Awadhi Mughlai foods from Lucknow, Dal Bati Churma & Thali from Rajasthan, Sandesh & Rasogolla from West Bengal, Malabari food from Kerala, Litti Chokha of Bihar.

Shri Naqvi expressed confidence that just like the first n++Hunar Haatn++, which was organized in November, 2016 at Pragati Maidan, the upcoming n++Hunar Haatn++ will also be successful.

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Closure of Public Sector Undertakings (PSUs)
Feb 04,2017

NITI Aayog constituted a committee on Sick/Loss making/Non performing Central Public Sector Enterprises (CPSEs) on March 9th 2016. The committee noted that financial performance of 74 CPSEs has been unsatisfactory and a number of these have requested for and received periodic support from budgetary resources. Over the years, this has become a significant drain on limited resources of the government. The committee has made the recommendations of closure/winding up of 26 such CPSEs.

Under the Central Sector Scheme of DPE i.e. Counseling, Retraining & Redeployment (CRR Scheme) skill development training is providing to CPSEs employees separated under Voluntary Retirement Scheme (VRS)/Voluntary Separation Scheme (VSS) (VRS/VSS Optees) to enable them to get redeployment or to take up self-employment. The Scheme has a provision for training of the dependent also in lieu of the VRS/VSS Optees.

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Wheat and Pulses have register record sowing in term of area
Feb 04,2017

As per preliminary reports received from the States, the total area sown under Rabi crops as on 3rd February 2017 stands at 645.12 lakh hectares as compared to 610.44 lakh hectare this time in 2016. Wheat and pulses have register record sowing in term of area.

             Wheat has been sown/transplanted in 317.81 lakh hectares (normal area 304.05 lakh hectare), rice in 25.64 lakh hectares, pulses in 159.72 lakh hectares( normal area 140.68 lakh hectares), coarse cereals in 57.61 lakh hectares and area sown under oilseeds is 84.34 lakh hectares.

The area sown so far and that sown during last year this time is as follows:

Lakh hectare 

CropArea sown in 2016-17Area sown in 2015-16Wheat317.81297.25Rice25.6429.03Pulses159.72143.70Coarse Cereals57.6161.05Oilseeds84.3479.42Total645.12610.44

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Opening of Bank Accounts and Promotion of Digital Payments in Textile Sector
Feb 04,2017

Government has launched a special drive for opening of bank accounts and promotion of digital payments in the textiles sector, by organizing special camps. As on 20 January 2017, a total of 11,86,203 bank accounts have been opened and activated for textile workers, which includes 17,245 jute workers. For weavers and artisans of handloom and handicraft sectors, 1,912 camps were organized upto 20 January 2017; a total of 6,28,215 bank accounts have been opened/mobile apps downloaded by the participants of these camps. Banks have provided micro-ATM facilities at weaving clusters.

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Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore
Feb 04,2017

Total direct tax collections up to 16th January 2017 amount to Rs. 5,76,408 crore. For the financial year 2017-18, the Budget Estimates fixed for direct taxes are Rs. 9,80,000 crore.

As per Receipt Budget 2017-18, the Budget Estimates for direct taxes have been fixed at Rs. 9,80,000 crore, including Rs. 5,38,745 crore for Corporation Tax and Rs. 4,41,255 crore for Taxes on Income.

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Direct Benefit Transfer in Fertilizer Sector
Feb 04,2017

Union Minister of State for Chemicals and Fertilizers, Shipping, Road Transport & Highways, Shri Mansukh L. Mandaviya, in a written reply in Rajya Sabha today, said that the Direct Benefit Transfer (DBT) being implemented in fertilizer subsidy payment is slightly different from the normal DBT being implemented in LPG subsidy. The Minister informed that under the DBT in fertilizer sector, the subsidy will be released to the fertilizer companies instead of the beneficiaries, after the sale is made by the retailers to the beneficiaries.

Shri Mandaviya further explained that at present direct transfer of subsidy to beneficiaries like in LPG cannot be introduced in fertilizer sector as the beneficiaries and their entitlement is not clearly defined. Multiple subsidized products, urea and 21 grades of Phosphatic&Potassic fertilizers have different subsidy rates. The subsidy rate in respect of urea varies from company to company due to different production processes, energy efficiencies of plants, vintage etc. As the amount of subsidy in some fertilizers, particularly urea is more than double the MRP, it will be a huge financial burden on the farmers to pay the MRP and subsidy upfront and receive the subsidy amount subsequently, he added.

The Minister informed that the pilot project to introduce DBT in Fertilizer Sector has been undertaken in 16 districts as given below: 

Sl. No.DistrictState 1.UnaHimachal Pradesh2.KishanganjBihar3.HoshangabadMadhya Pradesh4.KarnalHaryana5.Kurukshetra6.KannurKerala7.NasikMaharashtra8.Raigarh9.TumkurKarnataka10.RangareddyTelengana11.KrishnaAndhra Pradesh12.West Godavari13.MaldahWest Bengal14.South 24 paraganas15.NarmadaGujarat16.PaliRajasthan

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Nikkei India Services PMI: Services activity heads towards stabilisation
Feb 03,2017

The downturn in service sector activity across India softened during the opening month of 2017, with the slowdown reflecting a weaker contraction in new business inflows. Elsewhere, headcounts rose marginally, while work-in-hand increased for the eighth successive month. Input cost inflation slowed since December to a pace that was only marginal, whereas average selling prices decreased again.

Rising from 46.8 at the end of 2016 to 48.7 in January, the seasonally adjusted headline Nikkei India Services Business Activity Index pointed to the slowest fall in output in the current three-month sequence of reduction. Where contraction was signalled, panellists commented on ongoing declines in new work. Nevertheless, some firms indicated that market conditions had improved following the close of the window for exchanging high-value rupee notes.

The seasonally adjusted Nikkei India Composite PMI Output Index rose from Decembers 38-month low of 47.6 to 49.4 in January, pointing to a weaker contraction in private sector activity that was only marginal. The slowdown was supported by a rebound in factory production.

New orders at services firms dipped at a softer rate in January. Almost 11% of panellists reported falling levels of incoming new business, which they commonly associated with a relatively lower amount of cash in circulation. Concurrently, factory orders rose in the latest month.

January data highlighted an increasing degree of pressure on the capacity of private sector firms operations as outstanding business rose to a greater extent than in December. Faster rates of backlog accumulation were noted in both the manufacturing and service sectors.

Service sector employment increased at the start of 2017, although only marginally. The respective index remained close to the no-change mark of 50.0, therefore continuing a trend of broadly stagnant workforce numbers that stretches back to late 2015. By comparison, goods producers left payroll numbers unchanged during January.

As has been the case since last September, input costs facing service providers increased during January. However, having eased from December, the rate of inflation was relatively muted in the context of historical data. Output prices, on the other hand, were lowered for the fourth straight month. That said, the rate of discounting was fractional overall. In the manufacturing industry, rates of inflation for input costs and selling prices were at 29- and two-month highs respectively.

Sentiment among services companies improved considerably during January on the back of expectations that market conditions will soon normalise. Exactly 17% of panellists anticipate higher activity levels at their units in the coming 12 months, while the remaining firms foresee no change. Likewise, manufacturers confidence improved from Decembers one-year low.

Commenting on the Indian Services PMI survey data, Pollyanna De Lima, economist at IHS Markit, and author of the report, said:

n++Indias pivotal service sector remained in contraction territory in the opening month of 2017, with both new business and activity falling for the third straight month. However, a rebound in the near term is likely as rates of reduction softened and business confidence improved on the back of hopes that market conditions will soon normalise.

What started as a downturn driven by the 500 and 1,000 rupee notes ban appears now to be losing strength. In fact, manufacturers already saw a turnaround, with production being raised in line with higher order books. The upturn at goods producers combined with a slowdown in the contraction of services activity resulted in only a fractional drop in private sector output.

PMI price indicators point to relatively muted inflationary pressures in the private sector economy. As such, there is room for accommodative monetary policy.

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Share of Nuclear Energy in Electricity Generation was about 3.4% in the year 2015-16
Feb 02,2017

The share of nuclear power in the total electricity generation in the country was about 3.4% in the year 2015-16.

The share of nuclear power in total electricity generation is planned to be progressively increased by addition of nuclear power capacity. The present capacity of 5780 MW will reach 6780 MW by the end of this financial year, with the commercial operation of Kudankulam Unit-2, which is already generating infirm power at the rated capacity. The capacity is expected to reach 9580 MW by 2020 on progressive completion of projects under construction and about 12980 MW by 2024 on completion of new projects accorded sanction. A large expansion programme based on both indigenous technologies and with foreign technical cooperation is planned in future.

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Involvement of Private Sector in Nuclear Power Generation
Feb 02,2017

Proposals for setting up of ten indigenous Pressurised Heavy Water Reactors each of 700 MW and two Light Water Reactors each of 1000 MW (Kudankulam Units-5&6) with foreign cooperation have been prepared and finalised. These are presently under consideration of the Government for accord of administrative approval and financial sanction.

Presently two Central Public Sector Enterprises viz. Nuclear Power Corporation of India (NPCIL) and Bharatiya Nabhikiya Vidyut Nigam (BHAVINI) are involved in nuclear power generation. In addition, the Government has amended the Atomic Energy Act, 1962 to facilitate establishment of Joint Venture Companies (JVC) by NPCIL with other Central Public Sector Undertakings to set up nuclear power plants.

Government does not propose to allow private sector to enter into the nuclear power sector.

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India Signs Financing Agreement with World Bank for US$ 201.50 Million for n++Third Technical Education Quality Improvement Programme (TEQIP III)n++
Feb 02,2017

A Financing Agreement for IDA credit of US$201.50 million (equivalent) for the n++Third Technical Education Quality Improvement Programme (TEQIP III)n++ was signed with the World Bank here yesterday. The Financing Agreement was signed by Mr. Raj Kumar (Joint Secretary, Department of Economic Affairs) on behalf of Government of India and Mr. Junaid Kamal Ahmad, Country Director, World Bank (India) on behalf of the World Bank.

The objective of the Program is to enhance quality and equity in participating Engineering Education Institutes and improve the efficiency of the Engineering Education System in Uttarakhand, Himachal Pradesh, Bihar, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Rajasthan, 8 North Eastern States and Andaman & Nicobar Islands. The Project has two main components, (i) Improving quality and equity in engineering institutes in those states; and (ii) System-level initiatives to strengthen sector governance and performance. The project has been designed as a disbursement linked one, that is, the World Bank loan will be disbursed on achievement of specific outcomes.

The closing date of TEQIP III is 31st March, 2022.

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IWAI To Raise Govt. Serviced Bonds Of Rs.1,000 Crore In Feb-March 2017 To Partly Fund Waterways Expansion
Feb 02,2017

Inland Waterways Authority of India (IWAI) will raise Rs.1,000 crore from market in the month of February and March 2017 in two parts with Rs.500 crore each to part fund the expansion of Indias inland waterways through government serviced bonds, disclosed its Chairman, Mr. Amitabh Verma.

In addition, the Authority is anticipating a budgetary support as well extra budgetary allocations of about Rs.4,000 crore for the aforesaid purpose in the forthcoming budget for fiscal 2017-18, added Mr. Verma.

Verma explained that IWAI has planned to roll out Rs.500 crore worth of bonds after budget proposals for next fiscal are announced and that the forthcoming monetary policy is pronounced by RBI on February 7, 2017.

The second portion of it of remaining Rs.500 crore would be raised subsequently in March, clarified, Mr. Verma, emphasizing that the bonds be totally government serviced so that there is commitment of the government on these and that their subscribers have no doubts on their counter guarantees. The Authority has triple AAA ratings for issuance of these bonds from leading rating agency CRISIL.

In addition, the Chairman, IWAI also said that it was expecting a budgetary support and extra budgetary allocations for development of waterways across the country to the tune of close to Rs.4,000 crore in fiscal 2017-18 as he has received indications to this effect from its administrative Ministry.

Giving the breakup of Rs.4,000 crore of budgetary support and extra budgetary allocations, Mr. Verma pointed out that Rs.2,500 crore could come to IWAI by the government introducing an amendment to Central Road Fund Act latest by Monsoon Session if not in Budget Session.

n++The amendment would make a way for the government to apportion 5% of money out of highways and roads funds away to IWAI to enable it raise additional resources to undertake its waterways development which approximately works out to be Rs.2,500 crore in fiscal 2017-18 alonen++, said Mr. Verma exuding an optimism that the budget for 2017-18 could also have a provision of Rs.1,000 to Rs.1,500 crore of money in terms of extra budgetary allocations.

He also informed that the IWAI is developing 111 waterways across the country, development for eight of them would be taken up in the current year and 12 each in subsequent two years and the process would go on thereafter.

The President, PHD Chamber, Mr. Gopal Jiwarajka in his welcome remarks said that waterways development should be one of the top priorities of the government because it makes an economic sense with sufficiently addressing the issues relating to environment and pollution.

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PHD Chamber welcomes end of logjam in GST implementation
Feb 02,2017

While appreciating the efforts undertaken by the Honble Finance Minister and empowered GST Council, Mr. Gopal Jiwarajka, President, PHD Chamber of Commerce and Industry said that the end of logjam in GST implementation will boost not only the sentiments of businesses but also benefit people at large.

Industry will get a boost with the removal of cascading impact of taxation and improvement in ease of doing business, said Mr. Jiwarajka

GST will enhance production possibilities, attract FDIs and increase employment opportunities in the economy, he added.

GST will roll out from July 1 2017. The success of the Centre and the states to work out a formula for distribution of power between them to assess taxpayers is encouraging, said Mr. Jiwarajka

GST council has decided to split assessees above a turnover of Rs 1.5 crore in the ratio of 50:50 between the Centre and the states, he added.

The turnover of Rs 1.5 crore or less, 90 per cent of the assessees will be assessed by the states and 10 per cent by the Centre, said Mr. Jiwarajka.

GST implementation would be a major game changer for the economy for accelerating the economic growth, he said.

Going ahead, we hope that every citizen of the country is well aware of GST before its implementation, added Mr. Jiwarajka.

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Total allocation for Infrastructure Development stands at Rs. 3,96,135 crores in 2017-18
Feb 01,2017

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley while presenting the General Budget 2017-18 in Parliament today informed that the total allocation for infrastructure development in 2017-18 stands at Rs. 3,96,135 crores. In the road sector, the Budget allocation has been stepped up for Highways from Rs. 57,976 crores in BE 2016-17 to Rs. 64,900 crores in 2017-18. Further, 2,000 kms of coastal connectivity roads have been identified for construction and development to facilitate better connectivity with ports and remote villages.

The Finance Minister,Shri Arun Jaitley in his Budget Speech, stated that the total length of roads, including those under Pradhan Mantri Gram Sadak Yojana (PMGSY), built from 2014-15 till the current year is about 1,40,000 kms which is significantly higher than previous three years. Further, Shri Jaitley informed that a specific programme for development of multi-modal logistics parks, together with multi modal transport facilities, will be drawn-up and implemented that will make our economy more competitive.

Speaking on upgradation of Civil Aviation infrastructure, Shri Jaitley said that the Select airports in Tier 2 cities will be taken up for operation and maintenance in the PPP mode. Further, Airport Authority of India Act will be amended to enable effective monetization of land assets. The resources, so raised, will be utilized for airport upgradation. For transportation sector as a whole, including rail, roads, shipping, the Budget provides Rs. 2,41,387 crores in 2017-18. This magnitude of investment will spur a huge amount of economic activity across the country and create more job opportunities, the Finance Minister said in his Budget speech.

Calling Telecom sector as an important component of the infrastructure eco-system, Shri Jaitley noted that the recent spectrum auctions have removed spectrum scarcity in the country. This will give a major fillip to mobile broadband and Digital India for the benefit of people living in rural and remote areas. Further, for the BharatNet Project, the allocation has been stepped up to Rs.10,000 crores in 2017-18 and 1,55,000 kms of Optical Fiber Cables have been laid. Shri Jaitley informed that by the end of 2017-18, high speed broadband connectivity on optical fiber will be available in more than 1,50,000 gram panchayats, with wifi hot spots and access to digital services at low tariffs. A DigiGaon initiative will be launched to provide tele-medicine, education and skills through digital technology, he added.

For strengthening our Energy sector, the Government has decided to set up Strategic Crude Oil Reserves. In the first phase, 3 such Reserve facilities have been set up and in the second phase, it is proposed to set up caverns at 2 more locations, namely, Chandikhole in Odisha and Bikaner in Rajasthan. This will take the countrys strategic reserve capacity to 15.33 MMT. Further, the Finance Minister, in his Budget speech, proposed to create an integrated public sector oil major which will be able to match the performance of international and domestic private sector oil and gas companies. In solar energy, the second phase of Solar Park development is proposed to be taken up for additional 20,000 MW capacity, Shri Jaitley added.

The Finance Mini9ster Shri Jaitley further stated that the Government is creating an ecosystem to make India a global hub for electronics manufacturing. Over 250 investment proposals for electronics manufacturing have been received in the last 2 years, totaling to an investment of Rs.1.26 lakh crores. A number of global leaders and mobile manufacturers have set up production facilities in India, hence the Finance Minister said that allocation for incentive schemes like M-SIPS and EDF have been exponentially increased to an all-time high of Rs. 745 crores in 2017-18. Further, a new and restructured Central scheme, namely, Trade Infrastructure for Export Scheme (TIES) will be launched in 2017-18 to focus on our export infrastructure in a competitive world.

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Budget Allocation for Tribal Affairs Ministry goes up by more than Ten per cent
Feb 01,2017

Allocation for the Ministry of Tribal Affair has gone up by more than Ten per cent in the Union Budget presented in Parliament today. The budget allocation for the Ministry of Tribal Affairs has gone up from Rs. 4827 crore in the year 2016-17 to Rs. 5329 crore in the Union budget 2017-18.

Allocation for the welfare of Scheduled Tribes across all Ministries has also witnessed an increase of more than 30 per cent. The allocation which was Rs. 24,005 crore in the year 2016-17 has gone up to Rs. 31,920 crore in this years budget. The allocation for National fellowship and scholarship for higher education of ST students has been raised by 140 per cent. The allocation under this head in the year 2016-17 was Rs. 50 crore which has been increased to Rs. 120 core in this years budget.

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