DAILY NEWS ANALYSIS
25 March, 2021
1 Min Read
Year on the Year Growth rate of 8 Core Industries vis-à-vis COVID.
· Index of Eight Core Industries (ICI) , a Production Volume Index to Measure the performance of production in selected eight core industries viz. Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity. After COVID, Measures introduced to boost Core Sector are:- · Mining sector : Major initiatives under Atmanirbhar Bharat Abhiyan, which inter alia include: (a) composite exploration-cum-mining cum-production regime (b) open and transparent auction; (c) joint auction of bauxite and coal mineral blocks; (d) removal of distinction between captive and non-captive mines; (e) Mineral index for different mineral; and (f) rationalization of stamp duty. · PLI, Production-Linked Incentive Schemes: Medical devices; mobile phones; electronic components; pharmaceutical drugs; telecom and network equipment; and electronic technology products, ‘speciality steel ’production. · Project Development Cells (PDCs). · Textile: MITRA Parks with plug-and-play facilities, rationalized customs duty. · Domestic Manufacturing: Measures by DPIIT like Public Procurement Rules to enhance minimum local content; setting up of Fund of Funds, Seed Fund, Credit guarantee Schemes. · Integrated Power Development Scheme (IPDS)- 24x7 power supply in the urban areas. · Major reforms in infrastructure and housing schemes policy . · National Infrastructure Pipeline.
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Source: PIB
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