Page 71 - Manufacturing Industry

Cabinet gives nod to wind up NMCC

National Manufacturing Competitiveness Council was established in 2004 to provide a forum for policy dialogue to energise and sustain the growth of manufacturing sector

CMI completes acquisition of General Cables Energy

With this, CMI has access to GCE's Baddi facility that can produce all types of cables used in industries such as railways, defense, telecommunication, petrochemicals, refineries, etc

Great boost for agriculture, but tepid for infrastructure: Hemant Kanoria

Defence sector, which is supposed to be an integral part of the 'Make in India' programme, was almost entirely overlooked in the budget

We foresee a surge in demand for housing: Prashant Vatkar

The Union budget's allocation of Rs 35,984 crores for agriculture and farmer welfare is a promising step in bolstering confidence and reviving demand in the rural economy

This budget restores balance in rural Bharat and India Inc: Arun Lakhani

The approach of the FM is one of quantum jump rather than tinkering, which would accelerate the development process and put the Indian economy on a sustainable growth trajectory

Investment of Rs 2.18 lakh cr in road and rail to fuel economy: Alagu Balaraman

These investments will dramatically improve transit timing and reduce the per km cost of transportation

Budget focuses on skill development and job creation: Haresh Sippy

Initiatives such as setting of 1500 multi skill development units and incentivising job creation through contribution of 8.3% in EPFO for recruiting fresh employee are commendable steps

Dhunseri Petrochem forms PET JV with Thai firm Indorama Ventures

The JV, with manufacturing capacity of 700,000 tonnes of polyethylene terephthalate (PET), will be a dominant player in PET resins market in North and East India

Govt to provide marketing freedom to incentivise oil & gas production

In the power sector, the government to prepare a comprehensive plan, spanning next 15 to 20 years, to augment the investment in nuclear power generation

Govt aims to double farmers' income by 2022 to boost consumption

The budget allocates Rs 35,984 crore for agriculture and farmers' welfare

Govt to open National Dialysis Services Programme for poor patients

The budget announces the launch of new health protection scheme, which will provide health cover up-to Rs 1 lakh per family, to help poor families

Roads and railways to spend Rs 2.18 lakh crore on capex in 2016-17

Budget plans to develop National Waterways and new greenfield ports both in the eastern & western coasts

Measures for promoting affordable housing announced in budget

The Minister proposes to extend excise duty exemption, presently available to concrete mix manufactured at site for use in construction work at such site to ready mix concrete

Budget 2016 to achieve fiscal deficit target, focus on agriculture & rural economy

The total expenditure in the Budget for 2016-17 has been projected at Rs 19.78 lakh crore, consisting of Rs 5.50 lakh crore under Plan and Rs 14.28 lakh crore under Non-Plan

Elecon Engineering bags Rs 300 cr contract from Mazagon Dock

The company will supply marine gearboxes to Mazagon Dock Shipbuilders

Economy Survey suggests reform in fertiliser subsidiary package

Universal direct benefit transfer (DBT) to farmers based on biometric identification with physical off take can reduce diversion of urea, says the survey

FTAs lead to faster growth in imports than exports

In case of the ASEAN FTA, there has been 3 per cent increase in exports and 79 per cent increase in imports

Economy to grow 7-7.75% this fiscal: Economic Survey 2015-16

Aided by robust growth in petroleum refining, automobiles, wearing apparels, chemicals, electrical machinery and wood products, manufacturing is on the recovery path

Railway budget gives clear thrust to augment investment: CII

Industry body has welcomed the announcements on the development of three new freight corridors as well as the logistics parks and warehousing in PPP mode

Railways expansion plans to propel CMI growth

Railway budget's focus on electrification, laying of fresh railway lines and upgradation of existing railway infrastructure presents huge opportunity for CMI