Archive for October, 2013

Change in Tariff Value of Gold Notified

Comments Off | 10-31-2013

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC), being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of

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MMTC Pays 10% Dividend for 2012-13

Comments Off | 10-31-2013

A cheque of Rs. Nine crore was presented here today to Union Minister of Commerce & Industry Shri Anand Sharma by Shri D S Dhesi, Additional Secretary, Department of Commerce and CMD, Metals and Minerals Trading Corporation of India Ltd. (MMTC) towards 10% dividend for fiscal 2012-13.
MMTC, one of the largest international trading companies of

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Pharmaceuticals Purchase Policy (PPP) for Pharmaceutical Central Public Sector Enterprises

Comments Off | 10-31-2013

The Union Cabinet today approved the Pharmaceuticals Purchase Policy (PPP), for a period of five years.
The renewal of the PPP aims at ensuring optimum utilization of the installed capacity of the pharma CPSEs. It would not only provide necessary fillip in reviving these CPSEs, which are ailing but also ensure availability of quality medicines at

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Government Approves Thirteen Proposals of Foreign Direct Investment (FDI) Amounting to About Rs. 1258.53 Crore

Comments Off | 10-30-2013

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on September 19, 2013, Government has approved thirteen (13) proposals of Foreign Direct Investment (FDI) amounting to Rs. 1258.53 crore approximately.

In addition, one proposal viz., M/s Axis Bank Ltd. Ahmedabad, amounting to Rs. 6265.76 crore has

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MCA 21 Portal Crosses the Milestone of 1 Lakh Filings on One Single Day

Comments Off | 10-30-2013

The MCA 21 portal of the Ministry of Corporate Affairs crossed a significant milestone of 1,00,000 filings on one single day on 26th October 2013, surpassing the previous best of 88,119 filings last year (on 21/11/2012). This has been made possible by the efforts of the Ministry in scaling up the server and hardware capacity

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Edible Oil Prices Steady at Wholesale Centers

Comments Off | 10-30-2013

As per data monitored by the Ministry of Consumer Affairs and Food, prices of Edible Oils during the week, October 10th to 17th, 2013, remained steady in whole markets across the country. Price Monitoring Cell of the Ministry monitors prices of twenty two essential commodities regularly at 55 market centers.
During the period, prices of Groundnut

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Government Actively Looking at Cloud Based Services as First Option

Comments Off | 10-30-2013

Given the huge requirement of services for citizens, the government is actively looking at cloud based services as first option. A significant step in this direction is MeghRaj – National Cloud Computing Initiative, which sets basic standards for all cloud services for Government of India as well as evangelising projects through Cloud First policy. This

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Suggestions invited for the 4th Tranche of Draft Rules under the Companies Act 2013

Comments Off | 10-29-2013

The Ministry of Corporate Affairs has invited suggestions/ comments for the 4th tranche of Draft Rules being framed under the Companies Act, 2013. November 5, 2013 has been fixed as the last date for submission of suggestions/ comments. In this phase Draft Rules have been framed for the creation of an Investor Educations and Protection

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Total Wireless Subscriber base Registers a Monthly Growth of 0.21% at the End of August 2013

Comments Off | 10-29-2013

Total wireless subscriber base increased from 874.88 million in July 2013 to 876.72 million at the end of August 2013, registering a monthly growth of 0.21%. The share of urban wireless subscribers has declined from 60.10% to 59.98% whereas share of rural wireless subscribers has increased from 39.90% to 40.02%. As per the latest data

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US Chamber of Commerce and Anand Sharma Share Concern on Immigration Reform Bill

Comments Off | 10-29-2013

The Union Minister of Commerce & Industry Shri Anand Sharma today expressed his concern over the discriminatory measures related to skilled non-immigrant visas in the Comprehensive Immigration Reform Bill passed by the US Senate, in a meeting with Mr. Steve Van Andel, Chairman of the Board of Directors, US Chamber of Commerce, here today. Shri

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