Organisations and Events Dates

The Tamil Nadu Newsprint and Papers Limited was established by the Government of Tamil Nadu to produce newsprint and writing paper using bagasse, a sugarcane residue. The Government of Tamil Nadu listed the paper mill in April 1979 as one of the most environmentally compliant paper mills in the world under the provisions of the Companies Act of 1956. The factory is situated at Kagithapuram in the Karur District of Tamil Nadu. 

The IBEF was set up in 1996 by the ministry of commerce and industry to build the Made in India brand in the overseas market. It is working to increase the corpus available by attracting contributions from large corporate houses in the country.

Liberalization refers to end of licence, quota and many more restrictions and control that were put on many industries. The term basically refers to opening of the economy to the world and providing freedom to the departmental and public sector undertakings to access capital market in order to achieve international competitiveness. 

The process of economic liberalization was implemented in India in the year 1991 when new economic reforms were introduced in order to protect the country from high debt to world bank. 

The Indian Board of Wildlife (now the National Board for Wildlife) was established in 1952 to advise the government on wildlife conservation matters.

The year 1979-80 is widely recognized in Indian economic history as the beginning of a period characterized by significant adverse balance of payments pressures.

The proposal for a Goods and Services Tax in India was first initiated in the year 2000 by the Vajpayee government with the formation of an empowered committee.

The Steel Authority of India Limited (SAIL) established on January 24, 1973, with an authorized capital of Rs. 2000 crore, was made responsible for managing five integrated steel plants at Bhilai, Bokaro, Durgapur, Rourkela and Burnpur, the Alloy Steel Plant and the Salem Steel Plant. In 1978 SAIL was restructured as an operating company.

The voting age of elections to the Lok Sabha and to the Legislative Assemblies of States was lowered from 21 years to 18 years through the Sixty-first Amendment of the Constitution of India, officially known as The Constitution (Sixty-first Amendment) Act, 1988. Article 326 of the Constitution, which concerns to elections to the Lok Sabha and the Assemblies, was amended to effect this change.

During 1991, some new economic reforms where introduced in India which were also known as LPG ( Liberalization, Privatization, and Globalization). These reforms where taken to make the economy stable and take it out from the national crisis which it was facing. 

Monopolies and Restrictive Trade Practices act, 1969 was enacted to prevent the concentration of economic power to common detriment, control of monopolies, and prohibition of monopolistic and restrictive trade practices and matters connected therewith. But after the New economic reforms, liberalization, privatization, and globalization it was necessary that there must be competition in the market for the survival of the fittest. Therefore, the MRTP Act 1969 was replaced by Competition Act in year 2002. 

14 January, 1965.

The Industrial Policy Resolution was launched in 1956.

Serious policy focus on export promotion in India began to gain significant momentum in the mid-1980s.

On 18 May 1974, India performed its first successful nuclear bomb test "Smiling Buddha” . 

The bomb was detonated on the army base, Pokhran Test Range, situated in Rajasthan which was regulated by the Indian Army under the supervision of several key Indian generals.