Category «Uncategorized»

Gitanjali Hosts Mumbai’s Most Awaited Racing Event – Gitanjali 1000 Guineas

MUMBAI, December 17, 2012: Gitanjali Group, India’s leading Jewellery & Lifestyle brand hosted the Gitanjali 1000m Guineas at the Turf Club, Mahalaxmi Race Course in Mumbai today. The high-profile extravaganza witnessed a blend of luxury, glamour, sports and music. New generation bollywood actress Shazahn Padamsee was present to give away the trophies to the winners. …

Government Creates National Clean Energy Fund for Research and Innovative Projects

The Minister of New and Renewable Energy, Dr. Farooq Abdullah informed Lok Sabha today that the National Clean Energy Fund (NCEF) is created for funding research and innovative projects in clean energy technologies. Any project/scheme relating to innovative methods to adopt to clean energy technology and research & development shall be eligible for funding under …

Implementation of Objectives of EITI

Extractive Industries Transparency Initiative [EITI] is a globally developed standard for extraction of natural resources to promote revenue transparency at the local level. India is not a signatory to the EITI. However we have an elaborate legal and constitutional framework to manage mineral sector as indicated below: (i) The mineral sector is guided in terms …

Government is Making Every Effort for Turnaround of the Economy and Creating Investor Friendly Climate – Finance Minister

The Union Finance Minister Shri P Chidambaram has said that the Government is making every effort for turnaround of the economy and creating investor friendly climate. He further stated that external sector vulnerabilities are affecting the Indian economy because of the rapid globalization of the economy.  Shri Chidambaram was delivering this inaugural address at the Delhi Economics …

100%F D I Permitted in Power Sector

The Minister of State (Independent Charge) for Power Shri Jyotiraditya Scindia informed Lok Sabha today that as per extant policy, Foreign Direct Investment (FDI) up to 100% is permitted in the power sector, under the automatic route, for: i) Generation and transmission of electric energy produced in hydro electric, coal/lignite based thermal, oil based thermal …

India Bags three World Travel Awards

India has bagged three prestigious awards from World Travel Awards(WTA). These are: World’s Leading Destination- India, World’s Leading Tourist Board- Incredible India and World’s Leading Tourist Attraction- Taj Mahal. Union Tourism Minister Sh. K. Chiranjeevi received these awards here today. Speaking on the occasion, the Union Tourism Minister said that his Ministry has prepared a …

Huge Opportunity for Increase in Investments from Australia into India Particularly in Sectors like Mines and Minerals Based Industry, clean and Renewable Energy, Energy Agro based and Food Processing Bio-Technology, Engineering and Manufacturing, and Marine and Fishery, says Finance Minister Shri P.Chidambaram

The Union Finance Minister Shri P. Chidambaram said that India-Australia bilateral partnership which was raised to the level of strategic partnership in 2009 has led to a rapid expansion in trade and investment ties between two countries, strengthening of our common interest in a stable and outward looking India-Pacific region, a growing collaboration in multilateral …

Reasons for Allowing FDI in Retail Sector

Foreign Direct Investment (FDI) complements and supplements domestic investment. Domestic companies are benefited through FDI, by way of enhanced access to supplementary capital and state-of-the-art technologies; exposure to global managerial practices and opportunities of integration into global markets. Government had instituted a study, on the subject of “Impact of Organized Retailing on the Unorganized Sector”, …

Aviation Carbon Footprint Report

The Aviation Carbon Footprint report for 2011 was released on 9th October 2012. The highlights of the report are as follows: i) There is 6 percent growth in carbon emissions from 11.99 million tonnes in 2010 to 12.7 million tonnes in 2011. ii) The carbon footprint of civil aviation sector is less than 1 percent …