Page 108 - B2B Connect

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

FM has tried to bring back focus to the core sectors: Richard van der Merwe

The Finance Minister's proposal to focus on agriculture & farmers' welfare, direct benefit transfers for fertilisers, enhanced irrigation acreage, etc is a very welcome move

Govt has shed its perceived urban bias and delivered a pro-farmer budget: Rajesh Aggarwal

Increasing area under irrigation by 28.5 lakh ha as well as a commitment of Rs 6,000 crore for recharging of ground water, especially in drought hit areas, will immensely benefit the farmers

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

Clariant to tap Indian consumer care industry with natural ingredients

The company to offer paraben- and sulfate-free solutions for hair and skin care

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

Railway budget emphasises on long-term planning to augment network

National Rail Plan 2030 will endeavour to harmonise and integrate the rail network with other modes of transport and achieve seamless multi-modal transportation network across the country

Railways to give top priority to finish dedicated freight corridor project

For reversing the trend of declining modal share of freight trains, Railway Budget proposes to expand freight basket of Indian Railways, rationalise tariff structure and build terminal capacity

Railways to increase revenue through non-fare sources to 10%

Railway budget plans to generate annualised revenues of about Rs 4,000 crore by 2020 from manufacturing activity

Railways initiates bid process to make train sets for Rajdhani

Railway Budget proposes to increase the current procurement by 30 percent