14.05.21

Rajasthan: Centre raises Jamnagar oxygen quota from 70MT to 120MT

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The Centre increased the allocation of liquidoxygenfor the state fromJamnagar(Gujarat) to 120 metric tonnes. Earlier, the allocation from Jamnagar was 70 MT. With this, the total allocation for the state by the Centre would go up to 380 MT from 330 MT.

Of these, 100 MT is from Bhiwadi, 120 MT from Jamnagar (Gujarat), 60 MT from Kalinganagar (Odisha), 60 MT from Hazira (Gujarat) and 40 MT from Burnpur (West Bengal).

Though the Centre has allocated 380 MT ofliquid oxygentoRajasthanper day, supply has been hampered because of shortage of tankers and distance of the Oxygen Plants (West Bengal and Odisha). The allocation of oxygen from local manufacturers (ASUs) remains the same, at 125 MT.

So far, the state has received two oxygen tankers carrying 40tonnes of oxygen from Tata Steel in Kalinganagar (Odisha) and three tankers carrying 54 metric tonnes of liquid oxygen from Steel Authority of India (SAIL)-ISP in Burnpur, West Bengal.

FDI inflows rise 9.8% to record $82 billion in FY21

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Foreign direct (FDI) inflows into India rose 9.8% to a record $81.7 billion in 2020-21 on a gross basis on the back of record investment into companies such asReliance Jio.
Fresh Equity inflows are estimated to have increased by an impressive 19% to $59.6 billion, while reinvested earnings went up 14% to $16.2 billion.

Singapore was the top source, which is now followed by the United States with Mauritius once the dominant source of FDI due to tax benefits under the tax avoidance treaty pushed to the third spot.

In terms of Growth, inflows from Saudi Arabia. jumped from $90 million in 2019-20 to $2.8 billion last year. And with E-Commerce and IT being the major draw for overseas investors looking to tap into the India consumption story, computer Software and hardware emerged as the most attractive sector to invest, cornering nearly 44% of the FDI equity inflows. Next was construction (Infrastructure), which accounted for a 13% share. Among the states it was Gujarat that was the top recipient, according to the Centres data, accounting for 37% of the inflows, followed byMaharashtra(27%) and Karnataka (13%).

The government has been seeking to bolster FDI especially in the manufacturing sector and some of the investments are related to companies such asApples vendors andSamsungpumping in funds to set up bigger production facilities for mobiles and electronics goods.

The government has identified close to 1,000 companies and is working withInvest Indiato tap companies that are seeking to diversify their production bases.