Economy consolidates The Indian Economy continues to consolidate the gains achieved in restoring macro-economic stability in the financial year 2016-17, said the #Finance Ministry. Despite the continuing global sluggishness and recent pick-up in petroleum prices, the economic growth has continued to be robust and inflation
Third DTAA Protocol amended #India and #Singapore have signed a Third Protocol for Amending the #Double Taxation Avoidance Agreement (DTAA). The DTAA has been amended for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income, by signing a
Six-laning of NH-5 Six laning of Anandauram-Pendurthi-Anakapalli section of NH-5 (new NH-16) from km.681.000 (Existing km.681.000) to km.731.780 (Existing km.742.400) along with four lane connectivity to Visakhapatnam Port Road from km.0.000 to km.12.700 (Design Length=63.48 km) in Andhra Pradesh on Hybrid Annuity Mode NHAI/AP/NH-5/AA/2016-17 /
Lucknow Metro Ministry of Urban Development has released Rs.250 crore for the Lucknow Metro Rail project, a joint venture project of central and Uttar Pradesh Government.
NALCO’s projects The #National Aluminium Company Ltd (NALCO) has accepted mining lease agreement and investment approval for 5th Stream Refinery & Pottangi Mines from #Odisha government.
DTAA talks Singapore’s #Deputy Prime Minister Tharman Shanmugaratnam will hold talks with #Finance Minister Arun Jaitley in New Delhi on December 30 to modify the bilateral #Double Taxation Avoidance Agreement (DTAA) to take bilateral economic ties to the next level, Press Trust of India reported.
Steel review 2016 India’s per capita consumption of finished steel has increased to 63 kg in 2015-16 from 58 kg in 2011-12. Crude steel capacity was 121.97 million tonnes but production was 89.79 mt in 2015-16.
Roads in LWE areas The government has approved a Centrally Sponsored Scheme, “Road Connectivity Project for Left Wing Extremism (LWE) Affected Areas”, to improve the rural road connectivity in the worst affected districts from security angle.
DST’s review of 2016 Major developments, achievements and main highlights of the activities of Department of Science and Technology(DST), Ministry of Science & Technology during the Year 2016 are as following:
NHIDC road projects The #Ministry of Road Transport & Highways has awarded 5,688 km of highway building contracts and constructed 4,021 km as of November 2016, led by NHIDC.