Atmanirbhar Bharat

November 27, 2024 3:37 PM

Centre completes auction of 9 coal mines, to yield Rs 1,446 crore annual revenue

The Ministry of Coal announced on Wednesday that it has successfully auctioned 9 mines as part of the 10th round of commercial coal mine auctions. These mines are expected to generate an annual revenue of around Rs 1,446 crore (excluding partially explored mines). They are also likely to attract a capital investment of around Rs 2,115 crore and create 19,063 employment opportunities, the ministry said. The nine mines hold a combined geological reserve of approximately 3,998.73 million tonnes. ...

October 29, 2024 9:51 PM

PM Modi’s focus on skill-based job creation; Rs 3 lakh crore allocated in budget: Union Minister Kumaraswamy

The central government, under the leadership of Prime Minister Narendra Modi, has allocated over Rs 3 lakh crore in the recent budget specifically aimed at skill-based job creation. Union Minister for Heavy Industries and Steel, HD Kumaraswamy, announced this initiative on Tuesday. During the second phase of the Prime Minister's Rozgar Mela, appointment letters were distributed to 51,000 selected candidates across various central government departments at 40 locations nationwide. The event was ...

September 16, 2024 3:31 PM

Cabinet approves one more semiconductor unit in Gujarat, India’s fifth

In a bid to develop a vibrant semiconductor ecosystem, the Union Cabinet chaired by Prime Minister Narendra Modi has approved a proposal by Kaynes Semicon Pvt Ltd to set up a new semiconductor unit in Sanand, Gujarat. The proposed unit will be established with an investment of Rs 3,300 crore and will have a capacity of 60 lakh chips per day. The chips produced will cater to a wide range of applications, including industrial, automotive, electric vehicles, consumer electronics, telecom, and mobi...

September 16, 2024 6:12 PM

India’s coal production surges, import dependency declines

India, home to the world's fifth-largest coal reserves, has seen a significant boost in domestic coal production over the past decade, reducing its reliance on imports despite being the second-largest consumer of coal globally. Recent data reveals a marked improvement in India's coal production growth rate. From fiscal year 2004-05 to 2013-14, the compound annual growth rate (CAGR) of coal production was 4.44%. However, this figure rose to approximately 5.63% between fiscal years 2014-15 and 20...