Archive for August, 2012

Indian oil companies exploring investment opportunities in Canada & USA

Comments Off | 08-31-2012

The Minister of State for Petroleum and Natural Gas Shri R.P.N. Singh informed the Lok Sabha in a written reply today that Companies (Oil Companies of India) have reported that they are exploring Liquefied Natural Gas (LNG) investment/sourcing opportunities in Canada and USA.
Presently, he added, with the huge shale gas discovery in USA and Canada,

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RBI Agreement with UK on Black Money

Comments Off | 08-31-2012

On 17.07.2012, the Reserve Bank of India (RBI) has entered into a Memorandum of Understanding (MoU) with Financial Service Authority (FSA) of UK. The MOU is on “Supervisory Operation and Exchange of Supervisory Information” to promote supervisory co-operation between these institutions, and to provide for formal basis for co-operation in the area of banking supervision,

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Defence Ties with China

Comments Off | 08-31-2012

A Memorandum of Understanding (MOU) for Exchanges and Cooperation in the field of Defence was signed with China during the visit of Raksha Mantri to China in 2006. Government is not presently contemplating on entering into any other defence treaty with China, nor has any meeting been proposed with the official of China in this

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Ranking by World Bank

Comments Off | 08-31-2012

As per the World Bank Report, India has been ranked at 132 amongst the sample 183 Countries. Recognising the need for Reforming the Regulatory Environment for doing business in India, a Committee under the Chairmanship of Shri. M. Damodaran has been constituted on 23.08.2012 by this ministry to extensively examine different areas of root functioning

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Air India Abolishes Productivity Linked Incentives (PLI)

Comments Off | 08-31-2012

In view of the acceptance of the Justice Dharmadhikari Committee Report on pay and wage rationalization of Air India by the Union Civil Aviation Minister Shri Ajit Singh, it has been decided to discontinue payment of Productivity Linked Incentives (PLI) to the employees of Air India w.e.f.1st July, 2012. From 1st July, 2012 onward, employees

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Progress Under “North Eastern Vision 2020” Document

Comments Off | 08-31-2012

The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER) Shri Paban Singh Ghatowar has said that North Eastern Region Vision 2020 document released by Prime Minister in July, 2008 continues to be template for promoting development in North Eastern States. Assessment of requirement of infrastructural projects in North Eastern States

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Atomic Power Plants Presently Working in States

Comments Off | 08-31-2012

Nuclear Power Plants are currently operational in Gujarat, Karnataka, Maharashtra, Rajasthan, Tamil Nadu and Uttar Pradesh.  The details are as under:-

State
Station & Location
Capacity (MW)
Electricity generated (MU) 2011-12

Maharashtra
Tarapur Atomic Power Station (TAPS), Units 1 to 4, Tarapur
2X160+
2X540
9814

Rajasthan
Rajasthan Atomic Power Station (RAPS), Units 2

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Statement by Prime Minister Dr. Manmohan Singh at the XVI Summit of the Non-Aligned Movement

Comments Off | 08-31-2012

Following is the text of the Prime Minister, Dr. Manmohan Singh’s address delivered today at 16th NAM Summit in Tehran:
“I congratulate His Excellency Dr. Mahmoud Ahmadinejad, President of the Islamic Republic of Iran, on assuming the Chairmanship of the Non-Aligned Movement. Mr. Chairman, India will extend its full cooperation to Iran as it leads the

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Central Assistance of Rs. 4.85 Crore Sanctioned this Month to Himachal Pradesh Under PYKKA

Comments Off | 08-30-2012

The Ministry of Youth Affairs & Sports has sanctioned the Central Assistance of Rs. 4.85 crore in the month of August, 2012 for development and maintenance of playfields and payment of honorarium to Kridashrees in 389 village panchayats and 10 block panchayats in Himachal Pradesh under Panchayat Yuva Krida Aur Khel Abhiyan (PYKKA) Scheme. With

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International Crude Oil Price of Indian Basket Declines on 28.08.2012 to US$ 110.95/BBL

Comments Off | 08-30-2012

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 fell on 28.8.2012 to US$ 110.95 /barrel (bbl).  The price was higher at US$ 113.03/bbl on 24.08.2012, the last trading for which price of Indian

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