ECONOMY AFFAIRS APRIL 2009

ECONOMY AFFAIRS APRIL 2009

• Union Commerce Ministry announced that India’s exports continued the downtrend with a fall of 21.7 per cent in February, the lowest in 13 years. Imports too dropped by 23.3 per cent during the month. 
• Steel Authority of India Limited(SAIL) enters into a memorandum of understanding (MoU) with the Steel Ministry to produce around 12 million tones of salable steel during 2009-10 despite the current economic slowdown. 
• Reliance Industries Ltd. (RIL)commenced production of gas from Dhirubhai 1 and 3 discoveries of D6 block in Krishna-Godavari basin, located off the coast in the Bay of Bengal. 
• Four Central public sector undertakings – National Thermal Power Corporation (NTPC), National Hydro Power Corporation (NHPC), Power Grid Corporation of India (PGCIL) and Damodar Valley Corporation (DVC) – signed an agreement to set up a high power testing laboratory for testing equipment as per world standards.