Launch of Paperless Licensing for Petroleum Service Stations

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched paperless licensing process through Petroleum and Explosives Safety Organisation (PESO) for petroleum service stations (retail outlets storing and dispensing petrol/diesel for motor conveyances) under the Petroleum Rules, 2002.

Paperless application and grant of license process for road tankers for transportation of petroleum under the Petroleum Rules has been launched on 7th January 2020. After the launch of paperless process, more than 300 licences have been issued.

Taken together, licences for petroleum service stations and road tankers for transportation of petroleum account for more than 85 per cent of total licences under the Petroleum Rules, 2002.

This initiative for petroleum pump licensing is directly going to benefit more than 70,000 petroleum pump owners and oil marketing companies under the Petroleum Rules, 2002. An added advantage of this move is that the authenticity of the license may be verified on PESO's website https://peso.gov.in/index.aspx. This automation will greatly benefit the petroleum and gas industry.

This initiative is in line with the vision of Prime Minister, Narendra Modi's Digital India and Ease of Doing Business towards paperless and green India that will provide simpler mechanism, ease of living and business to the petroleum road tanker owners. The process will include filing the applications online, online payment of fees which will go directly to the concerned officer's ID without any manual interface. Applicants, at each stage of processing of the application, will be intimated via SMS and email, in case of discrepancy or grant of license or approval. These details will also be reflected in the applicant's profile. The entire process will not require any printing and physical dispatch of license. The license will be dispatched electronically.

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Zydus & CMS enter pact for Desidustat in Greater China

Pharma company Zydus has entered into a licensing pact with China Medical System Holdings Ltd (CMS) for the development and commercialisation of Desidustat, which is an innovative candidate, in Greater China.

Desidustat is a novel oral HIF-PH inhibitor used for the treatment of anemia in patients with Chronic Kidney Disease (CKD) not-on-dialysis and for the treatment of anemia CKD patients on dialysis in Greater China, Zydus said in a statement.

"Under the license agreement, CMS will pay Zydus an initial upfront payment, regulatory milestones, sales milestones and royalties on net sales of the product," it added.

However, no financial details about the agreement were given by Zydus and said, "The commercial terms of the license agreement are confidential."

Under the agreement, CMS will be responsible for development, registration and commercialisation of Desidustat in Greater China.

"The licensing agreement with CMS will facilitate the development and commercialisation of Desidustat in Greater China and make this innovative candidate available to millions of CKD patients living with anemia," said Zydus Group Chairman Mr Pankaj R Patel.

CKD is a serious medical condition which is an unmet healthcare need involving gradual loss of functioning of kidneys eventually leading to kidney failure, Zydus said.

Shares of Cadila Healthcare, the listed entity of the group, closed at Rs 267.25 (US$ 3.82) on BSE, down 0.69 per cent from the previous close.

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Indo-German Working Group on Quality Infrastructure strengthens trade through cooperation on safe and secure products

The seventh annual meeting of the Indo-German Working Group on Quality Infrastructure took place on 16th and 17th January 2020 in New Delhi with around 80 participants. Germany and India established the Working Group in 2013 to strengthen their economic and technical cooperation, reduce technical barriers to trade, and increase product safety. The German Federal Ministry for Economic Affairs & Energy (BMWi) and the Indian Ministry of Consumer Affairs, Food and Public Distribution in collaboration with other Ministries are working closely together on standardisation, accreditation and conformity assessment, metrology, product safety and market surveillance.

Director General Mr Stefan Schnorr of the German Federal Ministry for Economic Affairs and Energy: "Quality infrastructure is the language of international trade. With a growing relevance of technical regulations - such as mandatory standards - our exchange on regulatory approaches and compliance procedures eases doing business and boosts trade. I welcome the signing of our Work Plan 2020. We have agreed to intensify the cooperation on standards, technical regulation, certification, and market surveillance in key economic areas such as machinery safety, automotive, electric mobility and cybersecurity. A mutual understanding of requirements for safe and secure products helps to protect the citizens in both countries. Our Indo-German discussion paper on the cybersecurity of Internet of Things (IoT) devices which we just launched is a good example for our successful cooperation."

Secretary, Consumer Affairs, Shri Avinash K. Srivastava said that "Germany is a trusted and important partner for India. It is encouraging to see the intense technical cooperation that happens in our bilateral Working Group. I am happy to see that we have deepened our cooperation in areas such as cybersecurity, market surveillance, Industry 4.0, and legal metrology. This year we will also put a focus on strengthening the dialogue on technical regulation, exchange on regulations of medical devices, and exploring twinning arrangements at ISO and IEC level."

This year's annual meeting was attended by a German delegation of the Federal Ministry for Economic Affairs and Energy (BMWi) headed by Director General Mr Stefan Schnorr, representatives from the German Institute for Standardization (DIN), the German Commission for Electrical, Electronic & Information Technologies (DKE), the National Metrology Institute of Germany (PTB), and representatives from German companies and industry associations such as VDMA and VDA. The Indian delegation included representatives from the Ministry of Consumer Affairs, Food and Public Distribution, the Ministry of Electronics and Information Technology, the Ministry of Heavy Industries and Public Enterprises, the Bureau of Indian Standards (BIS) as well as the Confederation of Indian Industry (CII).

The dialogues on Quality Infrastructure take place within the framework of the Global Project Quality Infrastructure (GPQI), within which BMWi engages in political and technical dialogues with strategic trading partners. GIZ - the German Agency for International Cooperation - supports the implementation of the project on behalf of BMWi.

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Passenger vehicle exports rise 6 per cent in April-Dec; Hyundai, Ford lead the pack

In first nine months of the current fiscal year, exports of passenger vehicle (PV) from India increased by 5.89 per cent where Hyundai Motor lead the segment with dispatches of around 1.45 lakh units, according to the latest data by SIAM. During April-December 2019, PV exports stood at 5,40,384 units as compared with 5,10,305 units in the same period of 2018-19.

Car shipments witnessed a growth of 4.44 per cent at 4,04,552 units, while utility vehicle exports increased by 11.14 per cent at 1,33,511 units during the April-December period, as per the data by Society of Indian Automobile Manufacturer.

Although, there was decline in exports of vans by 17.4 per cent at 2,321 units during the period under review as compared with 2,810 units in the same period last fiscal.

The segment was led by Hyundai Motor India Ltd (HMIL), followed by Ford India and Maruti Suzuki India (MSI) at the second and third positions, respectively.

During the period, HMIL, the South Korean automaker exported 1,44,982 units to overseas markets, up 15.17 per cent over the same period last fiscal. It exports vehicles to over 90 countries across Africa, Middle East, Latin America, Australia and Asia Pacific.

"With cumulative sales of 1,44,982 units and a market share of 26.8 per cent from April-December, Hyundai has once again maintained its leadership position in the exports market with its super performer brands," Hyundai Motor India MD and CEO Mr S S Kim said.
He further added that the company intends to keep this positive momentum in 2020 also with more world-class products adding meaningful moments for its global customers.

Though, during the review period, Ford India's export stood at 1,06,084 units, down 12.57 per cent from a year-ago period whereas, domestic car market leader MSI exported 75,948 units across global markets, down 1.7 per cent from same period last year.

Nissan Motor India witnessed a growth by 39.97 per cent from same period last fiscal with 60,739 units shipped out during April-December 2019. Similarly, General Motors India, which has earlier ended selling vehicles in the domestic market, exported 54,863 units during the period.
During April-December 2019, Volkswagen India exported 47,021 units, followed by Kia Motors India which exported 12,496 units. Renault India dispatched 12,096 units during the same period.

During the review period, home-grown auto major Mahindra & Mahindra exported 10,017 units, while Toyota Kirloskar Motor dispatched 8,422 units and Honda Cars India exported 3,316 units to global markets.

Other notable exporting companies during the period included FCA India and Tata Motors with 2,391 and 1,842 units, respectively.

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MoU between NITI Aayog and Union Territory of Ladakh for Development of Infrastructure Projects

In an important initiative to promote the development of key infrastructure sectors in the newly constituted Union Territory of Ladakh, NITI Aayog entered into a memorandum of understanding (MoU) with the UT’s administration on 17 January 2020. Under this MoU, NITI Aayog will be supporting the UT’s administration through its key initiative ‘Development Support Services to States for Infrastructure Projects (D3S-i)’.

The MoU was executed in the presence of NITI Aayog CEO Mr Amitabh Kant and Joint Secretary Mr MC Jauhari. It was signed by NITI Aayog Senior Adviser Dr Yogesh Suri and Adviser to the Lieutenant Governor of Ladakh Umang Narula.

The partnership lays thrust on the identification of high-impact priority projects, expedited project implementation, addressing structural-level issues and creating unique models of development for the Union Territory of Ladakh. NITI Aayog has committed to assist the UT’s administration in creating a strategic plan for identifying prioritized infrastructure projects and by providing end-to-end transaction-management support for the identified projects. A dedicated team of professionals is expected to be stationed at Ladakh for identification and development of projects in the UT, especially in tourism, solar energy and basic infrastructure.
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Record wheat acreage takes rabi sowing beyond 64 million hectares

According to data released by the Agriculture Ministry, the total planted area in the current rabi season reached to 641 lakh hectares with the wheat witnessing a record area of 330 lakh hectares. This is 8.6 per cent more than that sown in the corresponding period last year.

“The maximum wheat sown area in the past was a little over 320 lakh hectares. That way this a record of sorts. And the crop condition this year is very good,” said Mr RK Sharma, Principal Scientist at the Karnal-based Indian Institute of Wheat and Barley Institute, a lab under the aegis of the Indian Council of Agricultural Research.

Madhya Pradesh has sown wheat over an area of 78 lakh hectares, which is about 19 lakh hectares more than the last year, Gujarat, Rajasthan and Maharashtra planted wheat over an additional area of 5.6 lakh hectares, 4.5 lakh hectares and 3.86 lakh hectares, respectively, over the corresponding week last year.

The pulses planted by farmers were over an area of 157 lakh hectares compared to 150 lakh hectares in the same week last year. Maharashtra witnessed most increase, which added about 7.74 lakh hectares area under pulses, followed by Rajasthan (6.35 lakh hectares) and Gujarat (2.16 lakh hectares) whereas Madhya Pradesh planted nearly 9 lakh hectares less under pulses.

Coarse cereals also witnessed an increase by 13.5 per cent to over 53 lakh hectares. The coarse cereals acreage in the corresponding week last rabi season was less than 47 lakh hectares. The much of the increase was in Jowar plantation, which has been planted over an additional area of 4.65 lakh hectares.

Although, mustard planting is a little lower than last year's 69.28 lakh hectares, the total area under oilseeds moved increased with a marginally higher groundnut acreage.

Till this week, oilseeds had been sown on 79.25 lakh hectares. Rice transplanting in Telangana and Tamil Nadu were 2.56 lakh hectares and 1.4 lakh hectares higher than the corresponding week last year, respectively, taking the total area under rice cultivation to 21.41 lakh hectares, more than 18 per cent higher than the last winter season.

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INDIAN TOURISM INDUSTRY: AN INSIGHT

During the celebration of 73rd Independence Day, Prime Minister Mr Narendra Modi addressed the nation from the Red Fort and underlined that India ‘has much to offer’ to tourists. The government has been focusing on the tourism industry since 2002 with the launch of campaign Incredible India campaign.

India has seen a continuous growth in position climbing from 65th position in 2013 to 40th in 2017 in World Economic Forum's (WEF) travel and tourism competitiveness index. The direct contribution of Travel & Tourism to GDP in 2017 stood at Rs 5.94 lakh crore which is 3.3 per cent of GDP. This is expected to grow at 7.1 per annum to reach Rs 12.67 lakh crore by 2028.

The tourism industry has generated 26,148,000 jobs directly in 2017, 5 per cent of total employment, growing by 2.8 per cent in 2018 to reach 26,883,000 jobs. These jobs include employment by hotels, travel agents, airlines and any other passenger transportation services. It also includes the activities of restaurant and leisure industries which is directly supported by tourists. The growth of direct jobs in the industry is expected to grow at 2.1 per annum over next ten years and account for 33,195,000 jobs by 2028.

Our Prime Minister has been the key ambassador in promoting tourism initiatives. He has not only focused on encouraging the foreign visitors but also promoted the domestic tourism. Ministry of Tourism has renewed its new National Tourism Policy and took measures aimed at creating more jobs and increasing the country’s share in global tourism market. India also plans to launch Incredible India 2.0 campaign.

According to the official data, number of foreign tourists coming to India has also increased from 8.80 million in 2016 to 10.56 million (provisional) in 2018. Most arrivals have been for business including search of jobs. Tamil Nadu tops the chart followed by Maharashtra and Delhi in terms of number of tourists.

Government has focused on many strategies in last few years and welcomed every initiative to promote travel and tourism in country. One such strategy was focusing on Chinese tourists. In China, around 14 crore citizens go on travel every year of which only 2.5 lakh arrive in India. If the country can achieve 1 per cent of the total tourist that will stand at 14 lakh Chinese coming to India. This will give a major boost to the industry. Apart from this the government is also focusing on tourists from Russia, Gulf countries and South East Asia apart from United States and Europe. These countries have huge potential.

MOBILE PHONE MANUFACTURING IN INDIA: TOWARDS A BRIGHTER FUTURE!

India is the world’s second largest mobile phone manufacturer after China. And with the current pace of growth, India is not far from becoming the leading handset market in the world. According to the Indian Cellular Association (ICA), the annual production of mobile phones within the country has increased from 3 million devices in 2014 to 11 million devices in 2017. India now accounts for 11 percent of global mobile production, which was only 3 percent in 2014. In fact, the telecom industry today is amongst the top five employment opportunity generators in India, creating over four million direct and indirect jobs over the next few years, according to Randstad India.

Another feather in India’s cap is that during the first quarter of 2018, India became the world’s fastest- growing market for mobile applications. In May 2017, the Indian government announced the Phased Manufacturing Programme (PMP) to promote domestic production of mobile handsets. This initiative is helping build a robust indigenous mobile manufacturing ecosystem in India, and incentivize large scale manufacturing. The PMP has successfully helped in nudging companies to move towards manufacturing from direct imports. According to the ICA, the total capital investment by device and component players by the end of 2018 under the PMP is expected to hit INR 57 billion. In fact, Pankaj Mohindroo, President of the ICA says, “I am very hopeful that in the next two years, with such conducive policies, there would be additional massive investments coming into the mobile components sector.”

With more than 100 players, the mobile phone market in India has grown exponentially in the past decade, and with the emergence of smartphones, the growth has increased exponentially.
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SOLAR ENERGY GENERATION IN INDIA: LIGHTING LIVES!

According to the India Solar Project Tracker by Mercom, rooftop solar energy generation accounts for 1.6 GW with the remaining 18.4 GW coming from utility-scale installations. Telangana leads the Indian states with respect to cumulative solar installations, with other states like Karnataka, Andhra Pradesh, and Rajasthan following at its heels. The Ministry of New and Renewable Energy (MNRE) has announced new programmes and policies to offer incentives for rooftop solar project commission to the various distribution companies.

The rapidly increasing demand for electricity in the remotest corners of the country is expected to continue the upward trend. Government initiatives are largely directed toward meeting this increasing demand by adding to the installed generation capacity in a huge way. Owing to the strong and determined focus on promotion of renewable energy by the Indian government, India now holds the third spot among a total of 40 countries on the EY’s Renewable Energy Country Attractiveness Index. As per the list of electricity accessibility released by the World Bank in 2017, India rose to the 26th rank by moving up 73 spots.

India is also likely to become the first country in the world to use LED bulbs for all of its lighting needs by the year 2019. The Energy Efficiency Services Limited (EESL) operating under the broad marquee of Unnati Jyoti by Affordable LEDs for All (UJALA) has already made inroads into achieving this goal by distributing a whopping 280 million LEDs to Indian consumers as of December 2017, in addition to over 524.3 million LEDs that private companies had sold in the same period of time. By becoming a country powered solely by LEDs, India stands to save over US$ 6.23 billion every year.

In 2015, approximately 1 million solar lanterns were sold in India which helped to reduce the dependency on kerosene. In addition to solar home lighting systems and solar street lighting installation projects, the government of India also distributed over 1.4 million solar cookers in the country.

In 2016, Indian Prime Minister Narendra Modi inaugurated the International Solar Alliance (ISA) of over 120 countries, in collaboration with the French President Francois Hollande at Gurgaon. The primary focus of this organisation is to promote and develop solar energy products particularly in countries in and around the two Tropics. Initiatives such as the 10-year tax exemption offered on solar energy projects, greenhouse gas emission reduction policies, as well as the plan to specify regulations for the use of drones in the arena of solar power plants, are just a few steps that the government of India is taking to achieve the energy goals set for 2022.
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Fuel conservation mega campaign of PCRA Saksham 2020 launched

'Saksham', an annual one-month long fuel conservation mega campaign of Petroleum Conservation Research Association (PCRA) under the aegis of Ministry of Petroleum and Natural Gas, was launched today by Dr M.M Kutty, Secretary, Ministry of Petroleum& Natural Gas in a function held in Delhi.
Dr M.M Kutty, during his address, emphasized the importance of petroleum products for our country and the dire need for actions leading towards fuel conservation.  He stressed upon the importance of programs like Saksham wherein general public is involved in various activities. He said "Prosperity and higher living standards are driving energy demand in India.  By mid 2020s India will be the world’s largest growth market accounting for 25 per cent of global energy demand growth. Today 83 per cent of India’s crude oil requirement is met through import. The earnest efforts for petroleum conservation can help us to reduce the huge import burden.  Every drop of oil saved will contribute to saving of foreign exchange.  We also require addressing the issues of climate change.  Through SAKSHAM we intend to deliver a strong message that sustainable future demands conservation of natural resources."

The Secretary gave away the prizes to the winners of Essay, Quiz and Painting competitions for the National Level Competition-2019 which has seen a phenomenal record participation of more than 1.48 crore students from school of all education boards of the country. The winners get Japan Study tour, Laptops, Tablets &Cash prizes and the win may help in motivating the youth of our country towards understanding their critical role in spreading the awareness about fuel conservation. The awards were also given away to the oil companies and their state level coordinators for their contribution in the fields of fuel conservation. The winning entries of the painting competition displayed in the gallery on the occasion amazed the dignitaries for the wonderful ideas and creativities depicted in the paintings.

On this occasion, the secretary also flagged-off the publicity vans of PCRA which shall visit different states covering the rural side as well, spreading messages about fuel conservation awareness through interactive audio, video creatives and print displays.

During Saksham-2020, various interactive programs and activities are being planned by PCRA. Public Sector upstream/downstream Oil & Gas companies under the able guidance of Ministry of Petroleum and Natural Gas are conducting various activities like 'Saksham' Cycle Day, Cyclothons, Workshops for drivers of commercial vehicles, Seminars for housewives/cooks on adopting simple fuel saving measure, Nationwide campaign through Radio, TV, Digital Cinemas, Outdoor etc. with a focus on reaching out to various segments of fuel users. PCRA is effectively utilizing the social media platforms for various customized campaigns through Facebook, Twitter, MyGov platform an endeavour to spread its reach amongst the masses.

'Saksham' a flagship program of PCRA and Oil PSUs under the guidance of Ministry of Petroleum and Natural Gas is an initiative for adding values to the various efforts being made in the country for saving fuel.
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No Imports in 'Others' Category Without HSN Code; New ERA of Quality Production Being Established in India; Government to Support Industry to Establish International Quality Standards - Piyush Goyal

No imports will be allowed without HSN code into the country said the Union Minister of Commerce & Industry and Railways, Piyush Goyal in New Delhi today. He was speaking at the 6th National Standards Conclave on the subject of Standards for Trade Facilitation.

Commerce & Industry Minister further said that henceforth there must be zero tolerance for substandard products and services from industry and consumers. He further stated that Government will support industry in every way to establish standards for Indian goods and services to meet international requirements so that brand India is recognized in the world as a provider of quality products and services. Unless Indian business and industry make standards its calling card, India will not be able to reach the target of a US$ 5 trillion economy, said Piyush Goyal. The Government is committed to establishing standards of Indian products and services to world class levels which will enable our exports to be accepted globally due to the quality of goods and services, added the Minister. He said Made in India should carry the commitment of 130 crore people towards quality, sincerity, customer satisfaction and not be second best.

Commerce and Industry Minister further said that it is an unfortunate reality for India that the Free Trade Agreements (FTAs) entered into with other countries has not led to the growth of India’s trade and business because the poor quality of the products and services that get restricted with non-tariff barriers when exported. He further elaborated on this point with the number of Technical Barriers to Trade (TBT) in countries like US (8000), Brazil (3879), China (2872) and India with only 439 TBTs. This illustrates the fact as to the manner in which India and rest of the world are looking at the concept of quality in products and services, said the Minister.

Commerce and Industry Minister further stated that the time has come to get out of the mind set of subsiding exports and adopt the mantra of zero defect zero effect in order to ensure that emerging India will be the destination for quality products and services. He said that the need of the hour is to get cracking towards a zero-defect policy, that Prime Minister, Narendra Modi has articulated a number of times. The Minister said that the quality standards must be accepted as the reality of an emerging India, an India that wishes to be recognised as a country manufacturing quality product.

Commerce and Industry Minister informed that the new Bureau of Indian Standards (BIS) Act is relooking at all standards for goods and services in order to balance the interest of consumers with that of the industry which will enable the culture of quality to take root in the country and production or import of substandard products and services will not be tolerated any longer.

Commerce and Industry Minister urged BIS, FSSAI and other departments of the Government, that are mandated to set up and establish standards, to work in mission mode so that goods and services produced and imported in India meet international quality requirements. This will help India to engage with the world on equal and reciprocal terms.

Commerce and Industry Minister hoped that this will see a new era of quality production of goods and services in the country and quality will be the buzzword and the collaborative approach of Government, industry and consumer will help in setting up and upgrading standards to give the best products and services to the consumers and also ensure the protection of the environment. 

The 6th National Standards Conclave is being held in Delhi on 15-16 January 2020 and is organized by Department of Commerce, Ministry of Commerce and Industry, Confederation of Indian Industry (CII), Bureau of Indian Standards (BIS), Export Inspection Council of India (EIC), National Accreditation Board for Certification Bodies (NABCB) and the Centre for Research on International Trade.

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Sun Pharma, US-based Rockwell Medical enter into licensing pact for Triferic

Sun Pharmaceutical Industries has entered into a licensing agreement with US-based Rockwell Medical to commercialise Triferic, an iron replacement and haemoglobin maintenance drug, in India.

"Sun Pharma announced that one of its wholly-owned subsidiaries has entered into exclusive licensing and supply agreements with Rockwell Medical Inc (Rockwell), to commercialise Rockwell's Triferic, a proprietary iron replacement and haemoglobin maintenance drug, for treating anaemia in hemodialysis patients in India," according to the drug firm's regulatory filing.

Under the agreement, Sun Pharma will be the exclusive development and commercialisation partner for Triferic during the term of the agreement, subject to its approval in India.

Currently, Triferic is the only USFDA-approved therapy available in the US which is used in replacing iron and maintaining haemoglobin in hemodialysis patients via dialysate during each dialysis treatment.

The filing didn't disclose the financial terms of the agreement due to confidentiality, but Rockwell is eligible for upfront and milestone payments as well as royalty on net sales.

"Triferic is an innovative anaemia therapy for the patients who are undergoing haemodialysis and offers a unique treatment option. Triferic will help Sun Pharma expand its portfolio in its core therapy areas," Sun Pharma CEO of India business Mr Kirti Ganorkar said.

According to the Global Burden of Disease Study 2017, chronic kidney disease was the tenth leading cause of mortality in India, having risen from 14th rank in 2007.

The shares of Sun Pharmaceutical Industries were trading at Rs 447.10 (US$ 6.39), up 0.25 per cent on BSE.
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Banks loan growth at 7.5 per cent in fortnight to Jan 2: RBI data

According to the Reserve Bank data, in the fortnight to January 2, the bank credit grew by 7.57 per cent reaching Rs 100.44 lakh crore (US$ 1.43 trillion) while deposits increased by 9.77 per cent to Rs 132.10 lakh crore (US$ 1.89 trillion). The banks loan in the year-ago period, stood at Rs 93.37 lakh crore (US$ 1.33 trillion) while deposits at Rs 120.33 lakh crore (US$ 1.72 trillion).

The credit had grown by 7.10 per cent reaching Rs 99.47 lakh crore (US$ 1.42 trillion) and deposits had increased by 10.09 per cent to Rs 130.08 lakh crore (US$ 1.86 trillion), in the previous fortnight ended December 20.

Though, banks' credit growth slowed to 7.2 per cent to Rs 86.73 lakh crore (US$ 1.24 trillion) in November 2019 from 13.8 per cent to Rs 80.93 lakh crore (US$ 1.15 trillion) in the year-ago period.

For the industry, loan growth decreased to 2.4 per cent at Rs 27.72 lakh crore (US$ 396.6 billion) in November from 4 per cent in the corresponding month of 2018.

In November 2019, credit to agriculture and allied activities slowed to 6.5 per cent from 7.7 per cent last year. There was sharp decrease in the services sector to 4.8 per cent from 28.1 per cent last year.

Personal loans witnessed a marginally growth at lower rate of 16.4 per cent in November 2019 as compared with 17.2 per cent, according to the RBI data.

Rating agency ICRA in its recent report had said credit expansion may drop to a six-decade low of 6.5-7 per cent in 2019-20 compared to 13.3 per cent in the previous financial year.
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NHAI records highest daily toll collection at Rs 86.2 crore

National Highways Authority of India (NHAI) recorded highest Rs 86.2 crore (US$ 12.33 million) daily toll collection on January 12th, 2020, according to its Chairman Mr Sukhbir Singh Sandhu.

In January 2020, the highest daily toll collection via electronic system of FASTags was also recorded at Rs 50 crore (US$ 7.15 million) (single day collection) as compared to Rs 23 crore (US$ 3.29 million) in November 2019.

"The NHAI has recorded its highest toll collection on a daily basis at Rs 86.2 crore (US$ 12.33 million) two days back," Mr Sandhu said at National Highways Excellence Award 2019.

There has been increase in the daily transactions via FASTags reaching around 30 lakh per day in January 2020 from mere 8 lakh in July 2019.
He added that around 91 per cent of toll collection is taking place via FASTags in the Jodhpur toll plaza in Jaipur region, thus, it is outperforming others in implementation of FASTags.

He further added that Bhopal and Gandhinagar toll plazas have also performed well in FASTag implementation.

As of December 2019, around 1 crore FASTags have been issued with over 30 lakh FASTags issued in November and December, following daily sales of 1.5-2 lakh FASTags.

The government made the FASTag-based electronic toll collection mechanism mandatory from December 15 cross all toll plazas of the NHAI where at least 75 per cent lanes were restricted to the use cash mode of payment to a maximum of 25 per cent lanes of toll plazas.

FASTags-based toll collection system was introduced across over 527 national highways.

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Coffee exports in 2019 up marginally at 3.50 lakh tonne

According to the Coffee Board, coffee exports from India had increased to 3.50 lakh tonne in 2019 as compared 3.48 lakh tonne in the previous year.

India is the 3rd largest producer and exporter of coffee in Asia region. Countries like Italy, Germany and Russia were the major export destinations for Indian coffee last year. India ships both Robusta and Arabica varieties, besides instant coffee.

The board's data indicated that Robusta coffee exports rose 4.10 per cent to 1,86,360 tonne in 2019 from 1,79,004 tonne in 2018. However, exports of Arabica coffee witnessed a decline of 10.75 per cent to 47,341.82 tonne in 2019 from 53,049 tonne in 2018.

As compared to previous year, the outbound shipment of instant coffee fell to 27,339 tonne in 2019 from 29,146 tonne, the data showed. India exported 72,267 tonne to Italy, 37,175 tonne to Germany and 28,573 tonne to Russia in 2019, of the total coffee exports.

Some of the major exporting companies include CCL Products India, Tata Coffee, NKG India Coffee, Allanasons Pvt Ltd, Olam Agro and Coffee Day Global Ltd. Coffee production is estimated to be slightly higher at 3,19,500 tonne for the 2018-19 crop year (October-September), as per the post monsoon forecast by the Board.
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I&B Minister Shri Prakash Javadekar confers First Antarrashtriya Yoga Diwas Media Samman to 30 media houses

The Minister for Information and Broadcasting, Environment, Forests and Climate Change, Shri Prakash Javadekar, today conferred the First Antarrashtriya Yoga Diwas to 30 media organizations, at an event in National Media Centre, New Delhi.

Addressing the gathering, Shri Javadekar described the award as a unique honour to media organizations that contributed to the spread of Yoga for the benefit of society. Appreciating the efforts of various media organizations, the Minister said that this event, the first of its kind, also marks a new trend of recognition of the endeavour of media organizations that go beyond news, views and advertisements, and work in mission mode for the larger benefit of society.

Shri Javadekar recalled that Lokmanya Tilak had launched the newspaper "Kesari" as a medium to generate awareness towards "Swarajya". Today, he said, media organizations are creating greater public awareness towards "Suraaj" - where good healthcare, education, and civic amenities are available to all. He described this as a sign of India's mature democracy.

Shri Javadekar described Yoga as the biggest key to preventive healthcare. Shri Javadekar mentioned that Yoga - an Indian brand - has gained global respect due to the vision and efforts of Prime Minister Narendra Modi. He recalled that the United Nations supported with overwhelming majority, India's proposal for an International Day of Yoga. The Minister congratulated and thanked both the awardees and the Jury members.

Speaking on the occasion, the Union Minister of State (Independent Charge) for AYUSH, Shri Shripad Yesso Naik, congratulated the I&B Minister Shri Prakash Javadekar for the successful conduct of this new initiative of Yoga Diwas Media Samman. He described Yoga as an ancient heritage of our civilization, through which one can attain mental and physical well-being.

In his address, the Chairman of the Jury, and Chairman, Press Council of India, Justice C.K. Prasad, described Yoga as an investment with zero risk and considerable benefit. Earlier, in his welcome address, Shri Vikram Sahay, Joint Secretary in the Ministry of Information and Broadcasting, said that these awards are an attestation of the strong belief in the freedom of press, and the crucial role which media plays in disseminating information and creating awareness among the people on various aspects of social and public life.

Secretary, Information and Broadcasting, Shri Ravi Mittal, Additional Secretary Shri Atul Tiwari, and several other senior officials of the Ministries of I&B, and AYUSH, were present on the occasion.
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SMEs must strive to produce World Class Products; GeM to handhold Women Entrepreneurs in SME Manufacturing - Piyush Goyal

The Micro Small and Medium Enterprises (MSME) sector has better adaptability to cater to the export market due to its smaller size and can adapt to market change sooner said Union Minister of Commerce and Industry & Railways, Piyush Goyal, during a meeting held in New Delhi yesterday to discuss with MSME associations various industry issues and examine the steps that may be taken to resolve them.

Many issues pertaining to the MSME sector were put up for discussion with the Commerce and Industry Minister by MSMEs through the Confederation of Indian Industry (CII), Federation of Indian Chambers of Commerce and Industry (FICCI), the Associated Chambers of Commerce and Industry of India (ASSOCHAM), SME Chamber of India and PHD Chamber of Commerce and Industry. The most important issues that were discussed in the meeting included the problem faced by SME units in accessing credit from banks, delay in payments from Public Sector Units and Government departments, the issue of GST refund, the dearth of skilled manpower in the SME sector and the issue of differing wages in States across the country.

The MSME sector in India employs over 100 million people and accounts for 45 per cent of manufacturing output and more than 40 per cent of the country's exports. With 63.4 million units throughout the country, MSMEs contribute around 6.11 per cent of the manufacturing GDP and 24.63 per cent of the GDP from service activities.

Commerce and Industry Minister directed Small Industries Development Bank of India (SIDBI) and the Credit Guarantee Funds Trust for Micro and Small Enterprises (CGTMSE) to set up a framework that will enable them to process loans to SME units faster and also provide insurance cover to the SME exporters.

Commerce and Industry Minister urged the SME sector manufacturers to produce high quality goods following international standards so that exports from the SME sector may become a part of the global value chain.

On the issue of delayed payments, Commerce and Industry Minister examined the possibility of big companies making full payment to SMEs against delivery so that working capital of SME units are not blocked.

In order to mainstream the 8 million Indian women who have started and are running their own businesses Minister directed that the Government e-Marketplace may handhold the women led SMEs and onboard these enterprises on the GeM portal.

Commerce and Industry Minister assured the SME sector that the Government will give all support and help in the skilling of manpower required for the sector and in all other areas that requires intervention of the Ministry of Commerce and Industry.
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India's per-capita income rises 6.8 per cent to 11,254 a month in FY20

During 2019-20, India's per-capita monthly income is estimated to have increased by 6.8 per cent to Rs 11,254 (US$ 161.02), according to the Government data on national income.

The monthly per-capita income in 2018-19 stood at Rs 10,534 (US$ 150.72).

"The per-capita net national income during 2019-20 is estimated to be Rs 1,35,050 showing a rise of 6.8 per cent as compared to Rs 1,26,406 during 2018-19 with the growth rate of 10.0 per cent," according to the annual national income and GDP 2019-20 data released by the Ministry of Statistics and Programme Implementation (MoSPI).

The per-capita income is an important indicator that shows the prosperity of a country.

According to first advance estimates of the national income released by the National Statistical Office, poor performance of manufacturing and construction sectors is estimated to decrease the country’s economic growth to 11-year low of 5 per cent in 2019-20.
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ICSI to open 10 international offices next year

Institute of Company Secretaries of India (ICSI) is planning to open international offices in at least 10 countries by next year, ICSI president Mr Ranjeet Pandey said.

Mr Pandey told the sources that there was need for more offices abroad as more company secretaries are moving to various countries.

Currently, the institute has two overseas branched and plans to open an office in London in the foreseeable future, Pandey said.

ICSI will first enter into memorandums of understanding with similar institutes in other countries and would open offices in a phased manner, he said.

The institute has entered into an agreement with Bharathiar University for awarding university toppers in the commerce stream with ICSI Signature Award and certificate, Pandey said at the Convocation-2019 of the Southern Region.
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