Incentives to Industries to Boost The Economic Growth
The Ministry has taken a number of measures to boost the industrial growth of the country. These, inter-alia, include announcement of National Manufacturing Policy (NMP), 2011, simplification and rationalization of the Foreign Direct Investment (FDI) Policy, implementation of Delhi Mumbai Industrial Corridor (DMIC) project, conceptualisation of Amritsar Kolkata Industrial Corridor (AKIC), launching of the e-biz… Read More
Tags: Central Bank of Nigeria, finance, Government, Incentive, Incentive program, Nigeria, Private sector, Small and medium enterprises
PMA Policy in Private Sector to be reviewed, notifications kept in abeyance
In a meeting held in PMO attended by the National Security Adviser, the Cabinet Secretary and the Principal Secretary to PM, and by officers of all concerned Ministries, a decision was taken to review the Policy for Providing Preference to Domestically Manufactured Electronic Goods (PMA Policy), particularly PMA in the private sector. 2. The PMA Policy… Read More
Tags: Cabinet Secretary, India, PMA, Prime Minister's Office, Principal Secretary (Canada), Private sector, World Trade Organization, WTO
CLR Snippets | Receipt of applications for new bank licence in the private sector closes on July 1, 2013
The RBI issued a Press Release on June 24, 2013 stating that all offices of Reserve Bank of India situated in Mumbai and Navi Mumbai will remain closed for public transactions on July 1, 2013 to facilitate Annual Closing of RBI™s Accounts. It is clarified that the Reserve Bank of India would receive applications for new… Read More
Tags: Central Office Building, July 1 2013, Mumbai, Navi Mumbai, Press Release, Private sector, Reserve Bank of India, Run batted in
Coporates to Partner with Government for Training and Skill Development for Minorities
A Joint Committee to be set up with CII, FICCI and PHDCCI to Promote Entrepreneurial Development Programme-Shri K Rahman Khan Shri K. Rahman Khan, the Union Minister of Minority Affairs has suggested to set up a Committee of the three Business Chambers and Ministry of Labour and Employment to give impetus to the efforts to… Read More
Tags: Cabinet of India, corporate social responsibility, Department of Public Enterprises, FICCI, Government, Ministry of Labour & Employment, Ministry of Minority Affairs, Private sector
MoF organising workshop on Facilitating Small Businesses
Ministry of Finance in association with Ministry of Micro, Small and Medium Enterprises (MSME) and World Bank will organise a one-day workshop titled Facilitating Small Businesses here on Monday, 10th June, 2013. The Workshop would be attended among others Dr Arvind Mayaram, Secretary, Department of Economic Affairs, Ministry of Finance, Shri Madhav Lal, Secretary, Department… Read More
Tags: Business, Finance Ministry, Private sector, Raghuram Rajan, Secretary of State for Economic Affairs, South Asia, Workshop, World Bank
RBI releases clarifications to the queries on the Guidelines for Licensing of New Banks in the Private Sector
The Reserve Bank of India today released on its website, clarifications to queries on the Guidelines for Licensing of New Banks in the Private Sector. The Reserve Bank of India released the Guidelines for Licensing of New Banks in the Private Sector on its website on February 22, 2013. Following the issue of the guidelines, RBI… Read More
Tags: February 22 2013, Financial services, NOFHC, Private sector, rbi, Reserve Bank, Reserve Bank of India
RBI to post on its website clarifications on New Banks Licensing Guidelines
The Reserve Bank of India had issued Guidelines for Licensing of New Banks in the Private Sector on February 22, 2013. Following issue of the guidelines, RBI received several queries regarding the guidelines. To comprehensively reply to all queries, RBI issued a press release on March 7, 2013 asking that queries on the guidelines may… Read More
Tags: February 22 2013, General manager, Guideline, India, Private sector, Reserve Bank, Reserve Bank of India, Run batted in
Double Digit Returns on National Pension System (NPS) Schemes for Financial Year 2012-13
The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme. PFRDA advises that various NPS schemes have earned the following average… Read More
Tags: Central Government, ICICI Prudential, Mutual fund, National Pension System, NPS, Pension fund, Private sector, Scheme
FDI In Power Sector
As per information available with Central Electricity Authority, details of private sector investment from 2009-10 to 2012-13 is as under: Thermal Power Plant (Rs. in crores) Private Investment 2009-10 2010-11 (P) 2011-12 (P) 2012-13 (P) Thermal projects 36764 70028 90551 52511 Hydro projects 5517 5855 3436 1622 Transmission 2965 3602 2294 - Distribution 2815 2103… Read More
Tags: Business, Central Electricity Authority, Energy, FDI, foreign direct investment, India, Private sector, Regulation
National Agricultural Innovation Project
Indian Council of Agricultural Research (ICAR) and the World Bank have been implementing a joint National Agricultural Innovation Project The Indian Council of Agricultural Research (ICAR) and the World Bank have been implementing a joint National Agricultural Innovation Project (NAIP) in the country. The specific objective of the National Agricultural Innovation Project is to accelerate… Read More
Tags: Agriculture, Agriculture in India, ICAR, India, Indian Council of Agricultural Research, NAIP, Private sector, World Bank