Private sector

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 NigeriafinanceGovernmentIncentiveIncentive programNigeriaPrivate sectorSmall 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 SecretaryIndiaPMAPrime Minister's OfficePrincipal Secretary (Canada)Private sectorWorld Trade OrganizationWTO

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 BuildingJuly 1 2013MumbaiNavi MumbaiPress ReleasePrivate sectorReserve Bank of IndiaRun 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 Indiacorporate social responsibilityDepartment of Public EnterprisesFICCIGovernmentMinistry of Labour & EmploymentMinistry of Minority AffairsPrivate 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: BusinessFinance MinistryPrivate sectorRaghuram RajanSecretary of State for Economic AffairsSouth AsiaWorkshopWorld 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 2013Financial servicesNOFHCPrivate sectorrbiReserve BankReserve 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 2013General managerGuidelineIndiaPrivate sectorReserve BankReserve Bank of IndiaRun 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 GovernmentICICI PrudentialMutual fundNational Pension SystemNPSPension fundPrivate sectorScheme

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: BusinessCentral Electricity AuthorityEnergyFDIforeign direct investmentIndiaPrivate sectorRegulation

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: AgricultureAgriculture in IndiaICARIndiaIndian Council of Agricultural ResearchNAIPPrivate sectorWorld Bank

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