Why is Recent Food Inflation in India so Persistent?

(Speech delivered by Shri Deepak Mohanty, Executive Director, Reserve Bank of India, at the St. Xavier™s College, Mumbai on 13th January 2014) It is an honour for me to deliver this year™s Annual Lalit Doshi Memorial Lecture. I thank Principal Dr. Fr. Frazer Mascarenhas, Dr. Aditi Sawant and Ms. Nikita Kohli for this opportunity. The… Read More

Tags: Consumer Price Index CPIEconomic growthEconomy of IndiaInflationMaharashtraReserve Bank of IndiaWholesale price indexWPI

Notification Under Section 35AC in respect of National Committee for Promotion of Social and Economic Welfare

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi,   the 07th October, 2013 S.O. 3033(E)- In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to Section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the National Committee for Promotion of Social and Economic Welfare, hereby… Read More

Tags: AmbalikaAndhra PradeshGujaratIndiaIndo-Asian News ServiceMaharashtraNew DelhiRajasthan

Water Disputes Tribunal

There are 8 no. of Inter-State River Water Disputes  tribunal set up under Inter State River Water Disputes (ISRWD) Act, 1956. Their present status are as follows: S. No Name of Tribunal States concerned Date of constitution Present Status 1. Godavari Water Disputes Tribunal Maharashtra, Andhra Pradesh, Karnataka, Madhya Pradesh & Orissa April, 1969 Award given on July, 1980 2 Krishna… Read More

Tags: Andhra PradeshKarnatakaKrishna Water Disputes TribunalLok SabhaMadhya PradeshMaharashtraSupreme CourtTamil Nadu

Setting up of Industrial Clusters

The details of industrial clusters set up or approved in the country during the last three years under Industrial Infrastructure Upgradation Scheme (IIUS) with funds allocated/released to them is Annexed. The share of small and medium industries in these clusters is also indicated at Annexure. Details of industrial clusters set up in the country during… Read More

Tags: AsiaBeowulfGujaratHimachal PradeshIndiaIndoreMaharashtraParallel Computing

eBiz Portal to serve as a 24X7 online single-window system

Ministry of Commerce & Industry launched the eBiz portal on 28.01.2013 comprising the License and Permits Services component that will allow business users to obtain information on customized list of licenses, permits, and regulations that they require or need to comply with across all levels of government in five pilot States viz., Andhra Pradesh, Delhi,… Read More

Tags: Andhra PradeshBusinessHaryanaIndiaLok SabhaMaharashtraMinistry of Commerce & IndustryTamil Nadu

Revision of rehabilitation package for Hindustan Organic Chemicals Limited

The Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Chemicals and Fertilizers to revise the following terms and conditions of the revival package, approved in 2006, for the Hindustan Organic Chemicals Limited (HOCL): (a) Postponement of the redemption of shares to the Govt. of India, worth Rs. 270 crore (total… Read More

Tags: BIFRBoard for Industrial and Financial ReconstructionGovernment of IndiaIndiaKeralaKochiMaharashtraRasayani

Cabinet approves Centrally Sponsored Scheme for marketing of Minor Forest Produce

Mechanism for marketing of Minor Forest Produce (MFP) through Minimum Support Price (MSP) and development of value chain as a measure of social safety for MFP gatherers The Union Cabinet today approved a Centrally Sponsored Scheme for marketing of non-nationalized / non monopolized Minor Forest Produce (MFP) and development of a value chain for MFP… Read More

Tags: Andhra PradeshBambooChhattisgarhForestMadhya PradeshMaharashtraScheduled Castes and Scheduled TribesTribal Affairs Ministry

National Handicapped Finance and Development Corporation

National Handicapped Finance and Development Corporation signed s with IDBI Bank, Andhra Bank, NEDFi & three RRBs in Maharashtra to expand its concessional credit to PwDs; NHFDC achieved excellent performance under  MoU evaluation system during the year; state ChannelisingAgency of NHFDC at Puducherry achieved best state Channelising Agency Award for 2011-12, are some of the highlights of NHFDC activities during last year National Handicapped Finance and… Read More

Tags: Andhra BankGovernment of IndiaGovtIDBI BankIndiaMaharashtraMemorandum of understandingNHFDC

Appoints ICD under Sec 7 (aa) of Customs Act, 1962

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 79 /2013 - Customs (N.T.) New Delhi, dated the 24th July, 2013 G.S.R¦..(E).- In exercise of the powers conferred by clause (aa) of sub-section (1) of section 7 of the Customs Act, 1962 (52… Read More

Tags: Central Board of Excise & CustomsGazette of IndiaGovernment of IndiaIndiaMahagaonMaharashtraministry of financeNew Delhi

Domestic Tourism Increases by More than Nineteen Percent During 2012

Domestic Tourism Increases by More than Nineteen Percent During 2012 ; Foreign Tourist Arrival also Goes up by Over Six Percent; Andhra Pradesh Continues to be Most Popular Destination Among Domestic Tourists While Maharashtra Most Favoured State of Foreign Tourists The number of domestic tourist visits (DTVs) to States/UTs registered an increase of 19.87% during the… Read More

Tags: Andhra PradeshHimachal PradeshIndiaMadhya PradeshMaharashtraRajasthanTamil NaduUttar Pradesh

National Consumer Helpline – Complaint Report, May 2013

The National Consumer Helpline (NCH) received 12,704 calls during May, 2013.  In addition to these telephonic calls/complaints, 2135 complaints were also received through online complaint system on NCH website. The maximum calls were received from Delhi followed by Uttar Pradesh, Maharashtra, Haryana, Rajasthan, Bihar, Gujarat, West Bengal, Madhya Pradesh and Punjab. Break-up of calls in respect of top ten States during May,… Read More

Tags: DelhiGujaratHaryanaMadhya PradeshMaharashtraNational Consumer HelplineRajasthanUttar PradeshWest Bengal

Change of Guard: Shri Manikrao H. Gavit Takes Charge as Minister of State for Social Justice & Empowerment

Shri Manikrao H. Gavit took over as the Minister of State for Social Justice & Empowerment here today. He was welcomed by the Secretary and other senior officers of the Ministry. Born on 29 October 1934, Shri Manikrao H. Gavit is a Member of Parliament from the Nandurbar constituency in Maharashtra. Read More

Tags: GovernmentIndiaMaharashtraMallikarjun KhargeManikrao ThakreMember of ParliamentNandurbarSis Ram Ola

Amendment in FDI Policy on the Multi Brand Retail

Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion Press Note No. 1 (2013 Series) Subject: Review of the policy on foreign direct investment in the Multi Brand Retail Trading Sector- amendment of paragraph of 'Circular 1 of 2013-Consolidated FDI Policy' 1.0  Present Position: 1.1  As per paragraph of `Circular 1… Read More

Tags: Andhra PradeshDadra & Nagar HaveliDepartment of Industrial Policy & PromotionDIPPFDI PolicyHimachal PradeshIndiaJammu and KashmirMaharashtraPress Information BureauUnion territory

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