Category «News»

State Advised to Facilitate Clearances for Coal Blocks

The coal bearing State Governments have been advised to facilitate and expedite in obtaining the various clearances, grant of mining leases and land acquisition by the coal blocks allocattees so that coal production can be increased. This information was given by the Minister of State for Coal,        Shri PratikPrakashBapu Patil in a written reply in Rajya Sabha  today. He said that a total of …

Address by the Union Finance Minister Shri P.Chidambaram during First Business Session of the ADB Annual Meeting of Board of Governors Today

Following is the text of the address made by the Union Finance Minister Shri P. Chidambaram during the First Business Session of ADB Annual Meeting of the Board of Governors at IEML, Greater Noida today:               Mr. President, Honourable Governors and friends,             It has been a year when we last met at Manila. It is …

Finance Minister Shri P Chidambaram’s Opening Address at the 46th Annual meeting of the ADB Board of Governors Today

Following is the text of the Union Finance Minister Shri P Chidambaram’s Opening Address at the 46th Annual Meeting of the ADB Board of Governors’ today at IECM, Greater Noida:  Honourable Prime Minister Dr. Manmohan Singh, President Nakao, Fellow Governors of the Asian Development Bank, Management and staff  of member country delegations, Distinguished Guests, Ladies and Gentlemen. …

Vice President inaugurates International Centre for Environment Audit & Sustainable Development at Jaipur

The Vice President of  India Shri M. Hamid Ansari has said that India has been active in international forums relating to environmental protection, and is party to 94 multilaterals environmental agreements such as the Ramsar Convention on Wetlands, Convention on International Trade in Endangered Species of Fauna and Flora (CITES), Convention on Biological Diversity (CBD), among many …

3rd May, 2013 : Hawkish RBI; bearish market

We must accept finite disappointment, but never lose infinite hope — Martin Luther King, Jr. Some disappointment was always on the cards especially after the RBI released its Macroeconomic  and Monetary Developments report in 2012-13. Friday turned out to be more of a damp squib with the Reserve Bank of India turning out a token …

Leaders Gather in Cape Town to Discuss Ways of Delivering on Africa’s Promise: World Economic Forum

More than 1,000 leaders from business, politics, academia and civil society will be in Cape Town, 8-10 May, for the 23rd World Economic Forum on Africa The meeting’s programme will focus on economic diversification, infrastructure and talent Johannesburg, South Africa, 3 May 2013 – Delivering on Africa’s Promise will be the theme of the World Economic Forum on …

Green Cess on Industry

As per available information, the state of Maharashtra has imposed cess of 8 paise per unit from 1st May 2008 on the sale of electricity to commercial and industrial consumers. The cess is to be used for executing schemes of generation of renewable energy. The Electricity Act 2003 and Tariff Policy 2006 provide enabling framework …