Category «News»

Can Wikipedia predict the stock market?

Wikipedia could have been used as early warning signs of stock market movements, according to a new study published today in Scientific Reports. Researchers led by Dr Suzy Moat, Senior Research Fellow at Warwick Business School, found that changes in how often financially related pages were viewed on Wikipedia could have been linked to subsequent movements …

Foreign Exchange Earnings from Tourism Increases by More than Seven Percent in April 2013 Foreign Tourist Arrivals Also Goes up by About Two Percent During the First Quarter Of 2013

The Foreign Exchange Earnings (FEEs) from tourism in Rupee terms in April, 2013 rose by seven percent in comparison to April 2012.The Foreign Tourist Arrivals ( FTAs) in April 2013 was 4.52 lakh which was the same in April 2012. However, FTAs during the period January-April 2013 were 24.80 lakh with a growth of 1.9%, as compared to the FTAs …

Steps taken to facilitate investment in port projects

The Government has taken following steps to make investment in Port projects more attractive:- 1. Upto 100% Foreign Direct Investment (FDI) under the automatic route is allowed for Port development projects. 2. Income tax incentives are allowed as per Income Tax Act, 1961. 3. Bidding documents like Request for Qualification (RFQ), Request for Proposal (RFP) …

Real Estate Watchdog

In order to ensure that the real estate promoters undertaking housing projects, utilize the funds collected for a particular project, for the development of the same project and not invest it elsewhere (leading to delay in execution and probable cost escalation), the provision for keeping a specified percentage of money collected from the allottes, to …

First Meeting of High-Level Inter-Ministerial Group Constituted for Proper Enforcement of Regulatory Framework for Multi-Level Marketing Companies, Non-Banking Finance Companies and Companies Running Collective investment Schemes Scheduled on 16th May, 2013

The Government has constituted a High-Level Inter-Ministerial Group (IMG) for proper enforcement of regulatory framework for Multi-Level Marketing Companies, Non-Banking Finance Companies and Companies running Collective Investment Schemes, under the Chairmanship of Additional Secretary, Department of Financial Services, Ministry of Finance. The Group consists of Joint Secretary level officers from the Department of Economic Affairs, …

Incentives Given for Business Units in SEZs

 The fiscal concessions and duty benefits allowed to SEZs are in built into the SEZs Act, 2005 and Rules framed thereunder. These exemptions are uniformly applicable to all SEZs and are primarily in the nature of incentives for export and are consistent with the principles that guide export promotion initiatives of the Government in general. Since …

Potential for Growth of Leather Based Industries

The Leather Industry holds a prominent place in the Indian economy. This sector is known for its consistency in high export earnings and is among the top ten foreign exchange earners for the country. It is an employment intensive industry, providing jobs to about 2.5 million people, mostly from the weaker sections of the society. …

Operation of Power Transmission Lines in Full Capacity

The total length of transmission lines at the voltage level of 220 KV and above in the country is 2,74,588 (circuit kilometers) and the total capacity of sub-stations of the transmission system at 220 KV and above voltage level is 473216 MVA as on 31.03.2013. The transmission lines are allowed to be loaded to their …

Development of Geothermal Based Power Projects

A Memorandum of Understanding (MoU) has been signed by NTPC on 16th February, 2013, with Chhattisgarh State Renewable Energy Development Agency (CREDA), an Agency constituted under Department of Energy, Government of Chhattisgarh, to explore the potential of geothermal resources and subsequently implement geothermal based power project at Tatapani in the State of Chhattisgarh on Build, …