Category «News»

Expansion Plans of NTPC

The   Minister    of    State  (Independent   Charge )   of  the   Ministry   of    Power SHRI JYOTIRADITYA  M. SCINDIA  informed Lok Sabha today that NTPC has taken initiatives to set up power plants abroad through Joint Venture (JV) route: In Sri Lanka Joint Venture Agreement has been signed on 6th September, 2011 with Ceylon Electricity Board (CEB), Sri Lanka for development of a 500 MW power project in Sri Lanka for supply of electricity to CEB. Pursuant to signing …

Innovation Fund for Inclusive Economic Growth

The Government proposes to set aside an Innovation Fund for inclusive economic growth. The fund is to be targeted at the bottom of socio-economic pyramid, and directed at benefitting India’s common citizen, particularly in rural areas who do not have all basic services. The fund will help innovative Indian enterprises in developing innovative solutions to …

SEBI for Stronger Recovery Powers

The Securities and Exchange Board of India (SEBI) has proposed that the SEBI Act be amended to provide for effective mechanisms for recovery of monetary penalties imposed by SEBI in such manner as may be specified by regulations or if found expedient as per provisions of the Income Tax Act through a reference to the …

Government takes Several Initiatives to attract Foreign Investment

Government has been making concerted efforts to attract greater foreign investment into India. Some of the important steps taken in this direction are as under: i) The Qualified Foreign Investor (QFI) scheme was introduced in the Budget 2011-12 by allowing foreign investors to invest in Mutual Funds, subject to certain conditions. On 1st January, 2012, …

Nagoya Protocol on Access and Benefit Sharing

Nagoya Protocol on Access and Benefit Sharing (ABS) is a new international treaty adopted under the auspices of the Convention on Biological Diversity (CBD) in Nagoya, Japan in October, 2010, after six years of intense negotiations. As a megadiverse country rich in biodiversity and associated traditional knowledge, and with a rapidly advancing biotechnology industry, India …

PM reviews Transport Sector Projects

Prime Minister Dr. Manmohan Singh reviewed the performance of the Transport sector in a series of meetings recently. The decisions taken at the meetings are as follows:  Railways- 1. Elevated Rail Corridor, Mumbai: The State Support Agreement should be signed with the Government of Maharashtra in the next 15 days. The Ministry will finalize important milestones with …

Forjasul orders EloForge ™ induction heating system from SMS Elotherm

Elotherm SMS group Modernization and production adaption   forjasul Canoas from Rio Grande do Sul, Brazil, has placed an order with SMS Elotherm for the supply of an EloForge™ induction heating system. SMS Elotherm will integrate the system into Forjasul’s existing plant and customizes the system precisely to the production requirements. With the nominal power …

CSE-MoEF Side Event at CoP 18 Doha

India should walk out of the Doha negotiations if equity is not made a part of the deal, says Sunita Narain in Doha · Centre for Science and Environment (CSE) and Ministry of Environment and Forests jointly organise a side event at CoP18 in Doha · The subject was ‘Equity: an integral part of Durban …

Greenpeace Detox campaign- Next: Levi’s

You’ve already helped convince the world’s largest fashion retailer to Detox. Last week Zara committed to eliminate all uses and releases of hazardous chemicals from its supply chain and products by 2020. Now let’s get Levi’s to make a Detox commitment that’s even more ambitious than Zara’s. Just like Zara and the other brands we …