GoI statement on FDI in Oil And Natural Gas Projects
As per extant Foreign Direct Investment (FDI) policy, FDI, up to 100%, is permitted, under the automatic route, for exploration activities of oil and natural gas fields, infrastructure related to marketing of petroleum products and natural gas, marketing of natural gas and petroleum products, petroleum product pipelines, natural gas/pipelines, LNG regasification infrastructure, market study and… Read More
Planning Commission finalizes Annual Plan for the year 2013-14 for the state of Rajasthan
The Annual Plan for the year 2013-14 for the state of Rajasthan was finalised here today at a meeting between Deputy Chairman, Planning Commission, Mr. Montek Singh Ahluwalia and Chief Minister of Rajasthan, Mr. Ashok Gehlot. The plan size has been agreed at Rs. 40,500 crore. Deputy Chairman, Planning Commission Mr. Ahluwalia complimented the State… Read More
Aadhar Enrolment and Mandate of UIDAI
The UIDAI has been mandated to generate and issue unique identification numbers (AADHAR) to all the residents of India. Enrolment for Aadhar is voluntary and not mandatory. However, it is for the implementing authorities to decide whether Aadhar is mandatory for receiving a service. UIDAI is authorized to enroll, through multiple Registrars upto 60 crore residents by March 2014 in 18 states/UTs which… Read More
Cancellation of Aadhar cards under Biometric Exception clause
As on date, 384237 Aadhar numbers have been cancelled under Biometric exception clause. In keeping with UIDAI™s commitment to achieve zero failure to enroll, the enrolement client application has the provision to enroll persons with biometric exceptions. It was however noticed that this provision was misused by some operators to enroll residents who are not… Read More
GoI Action Against Administrative Reforms
From 2009 to February, 2013, CBI has made 3413 requests to various Ministries/Departments/State Governments for sanction for prosecution under the Prevention of Corruption Act, 1988. Out of these, sanctions were received against 3004 requests and denied in respect of 232 requests. The Supreme Court of India, vide its judgment dated 18th December, 1997 in the… Read More
Social Security Agreements with other countries for protecting interests of Indian Professionals
India has signed Social Security Agreements (SSAs) with Belgium, France, Germany (social insurance for posted workers only), Switzerland, Luxembourg, the Netherlands, Hungary, Denmark, the Czech Republic, Republic of Korea, Norway, Germany, Finland, Canada, Japan, Sweden, Austria and Portugal. Such Agreements protect the interests of Indian professionals by providing following benefits: (i) exemption from social security… Read More
Government Initiative to improve Passport Issuance System
(i) Despite constant improvements in the Passport Issuance System and liberalized measures to make the system more transparent over the years and due to the rapid increase in the number of passport seekers besides increasing expectations from citizens vis-Ã -vis delivery of services to the citizens by the Govt, it was realized that it would not… Read More
Extension of 2 Per Cent Subsidy Period to Export Activities
In order to partially offset the high cost of credit for the exporters, 2% Interest subvention scheme was introduced. Prior to June, 2012, the scheme was available to Handlooms, Handicrafts, SMEs and carpets sectors. In June 2012, it had been extended to labour intensive sectors, namely, Toys, sports goods, processed agricultural products, and ready made garments, in… Read More
World Conference on International Telecommunications – Global review of International Telecom Regulations
The global review of International Telecom Regulations (ITRs) was held in the World Conference on International Telecommunications (WCIT-12) at Dubai during 3-14 December, 2012. The ITRs will come into force on 1st January, 2015 and India has not signed the ITRs. Further the ITRs only deal with international telecommunication and they don™t deal with internet.… Read More
Amendments in Unified Access Service Licence Agreements for Rolling Out BWA and 3G Services
The Roll out obligations mentioned in the amendments of Unified Access Service (UAS)/Cellular Mobile Telephone Service licence Agreement(s) to use 3G/ BWA spectrum for provision of telecom access services inter-alia provides that: (i) Roll out obligation for 3G spectrum: The Licensee shall ensure compliance of the following network roll-out obligations for 3G Spectrum for respective… Read More
GoI Statement on Anti-Dumping Duty on Solar PV Modules
Directorate General of Anti-dumping and Allied Duties (DGAD) has initiated an anti-dumping investigation concerning imports of Solar Cells whether or not assembled partially or fully in Modules or Panels or on glass or some other suitable substrates, originating in or exported from Malaysia, China PR, Chinese Taipei and United States of America, vide Notification No.14/5/2012-DGAD… Read More
RBI Instruction to Rural Banks, State and Central Co-Op Banks on the change of bank rates
RBI/2012-13/452 RPCD.CO.RRB.RCB.BC. No. 69 /03.05.33/2012-13 March 19, 2013 The Chairmen/Chief Executive Officers, All Regional Rural Banks / State and Central Co-operative Banks Dear Sir/Madam, Bank Rate As announced in the Mid Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to 8.50 per cent with effect… Read More
RBI Instruction to UCBs on the change of bank rates
RBI/2012-13/451 UBD.BPD.(PCB).Cir.No. 44/16.11.00/2012-13 March 19, 2013 The Chief Executive Officer All Primary (Urban) Co-operative Banks Madam/Dear Sir, Bank Rate Please refer to our circular UBD.BPD.(PCB).Cir.No.35/16.11.00/2011-12 dated January 30, 2013 on the captioned subject. As announced in the Mid-Quarter Review of Monetary Policy 2012-13, the Bank Rate stands adjusted by 25 basis points from 8.75 per cent to… Read More
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