News Update

GST: A Frightening but Fascinating Future world…! – Part IV (See 'TOG INSIGHT')Bharat -22 follow -on offer attracts Rs 140 bn24 labs set up for imparting maritime skillIndia aims to open Chabahar Port in Iran by 2019Infra financing - policy makers to hear PM on MondayImport Prohibition - Reference to the Patents Act, 1970 omitted from notification 51/2010-Cus(NT)Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007 amendedImport of Milk and Milk Products from China - import prohibition extended till 23.12.2018I-T - Tax deducted at source on income of charitable trust cannot be treated as taxable income: ITATGST - Howrah Commissionerate detects Rs 43 Crore tax evasion through fake invoicesGeM - Transactions worth Rs 8700 Crore done in short time, says PMRanchi NCB seizes 400 kg ganja from truck in Bokaro Steel CityIndia to make Chabahar Port operation by 2019: GadkariST - For any inaction on part of Revenue to submit Final Verification Report, petitioners cannot be made to suffer - matter remanded to Settlement Commission: High CourtGST: A Frightening but Fascinating Future world…! – Part III (See 'TOG INSIGHT')I-T - Application of fund for benefit of earthquake victims and its communication to donee before stipulated date, is sufficient for charitable trust to avail benefit of exemption u/s 80G(5C): HCPanama Papers - Leak-I - Out of 426 only 76 cases found actionable: GovtST - Taxability is not determined by section 67 of Finance Act, 1994 but by coverage in section 65: CESTATCIC decides proceedings not to abate even if complainant diesGovt sets up Panel to update Voluntary Guidelines on Social, Environmental & Economic Responsibilities of Business12 lakh pax electric cars sold in 2017; up by 58% from 2016: UNCommerce Department to get new homeCentre invites views on draft CSR guidelinesCanada passes bill to legalise use of marijuana from Oct 17, 2018Govt appoints Mr M K Sinha as new Joint Secy - TRU-IIDrive Against Shell Companies - A cul-de-sac!Liquor licences: Undoubtedly Taxable before as well as after GST Roll outMCA invites comments on Draft on cross-border insolvencyCBDT notifies PFC & Railway Finance Corp 54EC Capital Gains Bonds
 
Industrial Production bounces back; 15 out of 23 groups show positive growth in Nov, 2017

By TIOL News Service

NEW DELHI, JAN 13, 2018: AS per the CSO latest data, the industrial production has bounced back with a vengeance. It has grown by 8.4% in the month of November, 2017. The cumulative growth for the period April-November 2017 over the corresponding period of the previous year stands at 3.2 percent.

The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2017 stand at 107.4, 127.5 and 140.1 respectively, with the corresponding growth rates of 1.1 percent, 10.2 percent and 3.9 percent as compared to November 2016. The cumulative growth in these three sectors during April-November 2017 over the corresponding period of 2016 has been 3.0 percent, 3.1 percent and 5.2 percent respectively.

In terms of industries, 15 out of the 23 industry groups in the manufacturing sector have shown positive growth during the month of November 2017 as compared to the corresponding month of the previous year.The industry group ‘Manufacture of pharmaceuticals, medicinal chemical and botanical products’ has shown the highest positive growth of 39.5 percent followed by 29.1 percent in ‘Manufacture of computer, electronic and optical products’ and 22.6 percent in ‘Manufacture of other transport equipment’. On the other hand, the industry group ‘Other manufacturing’ has shown the highest negative growth of (-) 15.9 percent followed by (-) 13.1 percent in ‘Manufacture of wearing apparel’ and (-) 11.2 percent in ‘Manufacture of electrical equipment’.


POST YOUR COMMENTS