Indian Government Encouraging FDI in Food Processing Sector

Comments Off | 05-12-2012

Government has taken steps to encourage FDI and one of the significant measures was declaring the Food Processing Sector under 100% Foreign Direct Investment (FDI) through automatic route.
The Foreign Direct Investment (FDI) inflow into the food processing sector in 2011-12 (up to February, 2012) has been $141.62 (Rs. 682.30).
FDI complements and supplements domestic investments. It

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Rs. 1000 Crore Allocated in 2012-13 for bringing Green Revolution in Eastern India

Comments Off | 05-12-2012

Government of India has been implementing a programme of  Bringing Green Revolution in Eastern India (BGREI) –a sub scheme of Rashtriya Krishi Vikas Yojana (RKVY) in eastern States of Assam, Bihar, Chhattisgarh, Jharkhand, Odisha, Uttar Pradesh (East) and West Bengal since 2010-11. The objective of the programme is to increase the

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Railway Projects through PPP

Comments Off | 05-12-2012

There is a huge shelf of ongoing projects and limited availability of resources. As on April 1, 2011, there are 340 ongoing new line, gauge conversion and doubling projects requiring about Rs. 1,25,000 crore for their completion.
Funds for these projects are provided as Gross Budgetary Support on yearly basis from Ministry of Finance and Planning

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Madhya Pradesh Plan for 2012-13 Finalized

Comments Off | 05-12-2012

The Annual Plan for the year 2012-13 for the state of Madhya Pradesh was finalised here today at a meeting between Deputy Chairman, Planning Commission, Mr.Montek Singh Ahluwalia and Chief Minister of Madhya Pradesh, Mr.Shivraj Singh Chauhan. The plan size has been agreed at Rs. 28,000 crore.
In his comments on the plan performance of the

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International Crude Oil Prices of Indian Basket Rises Further to US$ 110.57/BBL on 10.05.2012

Comments Off | 05-12-2012

The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas rose further to US$ 110.57/barrel (bbl) on 10.05.2012. This was higher than US$0 110.17//bbl prevailing on previous trading day i.e. 09.05.2012.
In rupee terms, also,

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India Germany to Collaborate in Electric Mobility

Comments Off | 05-12-2012

India has sought German expertise and participation in developing green technologies. Indian Minister of Commerce Industry and Textiles Shri Anand Sharma told German Federal Minister for Transport, Building And Urban Development, Dr. Peter Ramsauer, that “India and Germany are both committed to reducing carbon emissions and sustainable mobility is one of the highlights of our

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Anand Sharma Expresses Concern Over Decline in IIP

Comments Off | 05-12-2012

Commerce, Industry and Textiles Minister, Shri Anand Sharma expressed “deep concern” over the decline in the Index of Industrial Production especially in capital goods and manufacturing. He has urged RBI for a differential rate of credit for manufacturing, given that there is a huge social dimension attached with the manufacturing sector since it supports millions

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FDI in Tourism Projects in India

Comments Off | 05-11-2012

Foreign Direct Investment  (FDI) is allowed for the development of tourism projects in the country.  Hotel and Tourism sector is declared as high priority sector and FDI upto 100%, under the  automatic route is permitted in ‘Hotels & Tourism Sector’, subject to applicable laws/regulations, security and other conditionalties.
As per a

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Urban India Can Benifit Greatly from Technological Developemants in Israel in the Water Sector Says Kamal Nath

Comments Off | 05-11-2012

Urban Development Minister Shri Kamal Nath has said that India and Israel should have more frequent interactions to share technical knowledge especially in the field of water resource management. He was addressing the first Indo-Israel Water Seminar, organised jointly by the Ministry of Urban Development and Embassy of Israel in New Delhi on Wednesday. The

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Over Rs 32000 crore invested in refineries for production of BS-III/IV quality fuels

Comments Off | 05-11-2012

The Minister of Petroleum and Natural Gas Shri S. Jaipal Reddy informed the Lok  Sabha in written reply today that oil industry has invested over Rs 32,000 crore in upgrading facilities in refineries for production of BS-III/IV auto fuels.  He added that in line with the Auto Fuel Policy, Lead was phased out from Petrol

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