Archive for September, 2012

Consumer Price Index for Industrial Workers (CPI-IW), August, 2012

Comments Off | 09-29-2012

The All-India CPI-IW rose by 2 points in August, 2012 and pegged at 214 (two hundred and fourteen). On 1-month percentage change, it increased by 0.94 per cent between July and August compared with 0.52 per cent between the same two months a year ago.
The largest upward contribution to the change in current index came

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GER of the Country 18.8%: All India Survey on Higher Education Provisional Report

Comments Off | 09-29-2012

Union Minister of Human Resource Development, Shri Kapil Sibal, released the first Provisional Report of the ambitious All India Survey on Higher Education (AISHE) here today. The report contains countrywide estimates of Gross Enrolment Ratio on the basis of data collected till July 31, 2012, from the Higher Education (HE) Institutions of the country including

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Spectrum Fee Waived off for Community Radios

Comments Off | 09-29-2012

The Ministry of Communications & IT has decided to waive off spectrum fee for Community Radio Services (CRS). This follows requests received from National Advisory Council, Ministry of Information & Broadcasting and the Community Radio Association for waiver of spectrum charges for Community Radio Services.
Keeping in mind that the Government’s role is to create an

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Japan Commits Over Rs. 7800 Crore ODA Loan to India

Comments Off | 09-29-2012

The Notes were exchanged today between Mr. Prabodh Saxena, Joint Secretary, Department of Economic Affairs, Government of India and Mr. Hajime Hayashi, Charge de’ Affaires ad interim, Embassy of Japan to India. Through this Exchange of Notes Japan committed an amount of Yen 132.645 billion (for the second batch of FY

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Index of Eight Core Industries (Base: 2004-05=100) August 2012

Comments Off | 09-29-2012

The summarized Index of Eight Core Industries with 2004-05 base is given at the Annexure.
The Eight core industries have a combined weight of 37.90 per cent in the Index of Industrial Production (IIP). The combined Index was 143.1 in August 2012 with a growth rate of 2.1% compared to their 3.8% growth

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Rice Sown in 367.65 Lakh Hectare

Comments Off | 09-29-2012

According to the latest information received from States, rice has been sown in 367.65 lakh hectare. Normal area under rice for this week is 361.26 lakh ha.

The cropped areas of major kharif crops as on today as compared to those last week and the normal area for this week are as

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United States and India sign a Memorandum of Understanding on Antitrust Cooperation

Comments Off | 09-29-2012

The United States and India have signed a Memorandum of Understanding on Antitrust Cooperation that aims to facilitate greater cooperation between the U.S. and Indian competition authorities. The Chairperson Federal Trade Commission (FTC) Jon Leibowitz and the United States Department of Justice Acting Assistant Attorney General, Joseph Wayland from the US side and Competition Commission

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Prime Minister sets up the Architecture for Cash Transfers

Comments Off | 09-29-2012

In a move to cut down wastage, duplication and leakages and enhance efficiency, the Prime Minister has given a major push to transfer individual benefits from the Government directly into the bank accounts of beneficiaries. This is to be done in a fast-track, accelerated mode to be achieved in a time bound manner. The idea

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Levy of Service Tax on Railway Passengers Travelling in AC Class/First Class from 1st October 2012

Comments Off | 09-28-2012

In compliance of the provisions contained in Finance Bill 2012 and subsequent notifications issued by Ministry of Finance, the Service Tax in case of railway travel, which was exempted upto 30th September 2012, will be levied on the fare of passenger services in the following classes from 1st October 2012.
(i) AC First Class, (ii) Executive

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Levy of Service Tax on Transportation of Goods by Rail from 1st October 2012

Comments Off | 09-28-2012

In compliance of the provisions contained in Finance Bill 2010 and subsequent notifications issued by Ministry of Finance, the Service Tax in case of transportation of goods by rail, which was exempted upto 30th September 2012, would now be levied on total freight charges with effect from 1st October 2012.
Since an abatement of 70% has

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