The Competition Commission of India (CCI) has imposed a fine of Rs 6700 Crore on 10 cement companies and their associated Organization – Cement Manufacturers Association (CMA) for cartelization. The CCI considered the matter after Competition Appellate Tribunal last December set aside its ruling and asked CCI to take-up case afresh. The CCI has levied penalties on …
The Indian Army has set up Army Design Bureau (ADB) with an aim to indigenize procurements and reduce dependence on imports. ADB will be part of the government’s ‘Make in India’ initiative and integrate various stake holders in its long-term requirements. About the Army Design Bureau (ADB): ADB will serve as link to provide better understanding of the …
Supreme Court has quashed the CPI (M)-led West Bengal government’s acquisition of 997 acres of agricultural land for Tata Motors’ Nano (small car) plant in Singur. The present Mamta Banerjee government said though it is “completely understandable” for the government to acquire land to set up industrial units, the “brunt of development” should not be …
Important Days in August: 6 August: Hiroshima Day & Anti Nuclear Day To marks the day when world’s first atom bomb dropped over the city of Hiroshima. 7 August: National Handloom Day Last year: 1st Handloom day was celebrated, by Modi. Why 7 August: Date 7 August was chosen as it was on this day in 1905 that …
Project Development Fund for CMLV countries The Union Cabinet has given its approval to create a Project Development Fund (PDF) for improving Indian economic presence in the CLMV countries viz. Cambodia, Laos, Myanmar and Vietnam. The fund operated through EXIM bank would have corpus of Rs. 500 and shall be housed in Department of Commerce. United States …
