Archive for November, 2013

Estimates of Gross Domestic Product For the Second Quarter (July-September) of 2013-14

Comments Off | 11-30-2013

The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the second quarter (July-September) Q2 of 2013-14, both at constant (2004-05) and current prices, alongwith the corresponding quarterly estimates of Expenditure components of the GDP.
The details of the estimates

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Rabi Crop Sowing Covers 396 Lakh Hectare Area

Comments Off | 11-30-2013

The total rabi sown area, as per reports received from States, during the week ending 29.11.2013 stands at 395.87 lakh hectare as compared to 374.87 lakh hectare at this time last year, showing an increase of 5.6% over last year.

Details of the areas sown so far this year and last year are

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Exemption to exporters having IEC Code issued by DGFT from the purview of stock holding limits under the Essential Commodities Act, 1955 with respect to edible oilseeds, edible oils and rice

Comments Off | 11-30-2013

The Union Cabinet yesterday approved exemption to exporters having IEC Code issued by DGFT from the purview of stock holding limits under the Essential Commodities Act, 1955 with respect to edible oilseeds, edible oils and rice. This will help exporters benefit from economies of scale and bigger operation for optimally meeting export demands on a

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Policy on Foreign Direct Investment in the Pharmaceutical Sector

Comments Off | 11-30-2013

The Cabinet considered the proposal of the Ministry of Commerce and Industry, for review of the policy on foreign direct investment in the pharmaceutical sector.
The Cabinet decided that the current policy in brownfield and greenfield projects in the pharmaceutical sector will continue subject to the additional condition that in all cases of FDI in brownfield

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Report on Youth Employment-Unemployment Scenario 2012-13 Released

Comments Off | 11-29-2013

Labour Bureau, Chandigarh ,  an attached office of the Ministry of Labour & Employment released the Report on `Youth Employment-Unemployment Scenario 2012-13` today.  It comprises the labour force estimates for specific age groups representing “Youth” based on various approaches to measure Employment & Unemployment scenario in the country.

The main findings

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TRAI Releases the Telecommunication Tariff (Fifty Sixth Amendment) Order, 2013 and The Mobile Banking (Quality of Service) (Amendment) Regulations, 2013

Comments Off | 11-29-2013

Telecom Regulatory Authority of India (TRAI) has released the Telecommunication Tariff (Fifty Sixth Amendment) Order, 2013 prescribing a ceiling tariff for the use of USSD for USSD-based mobile banking services and the Mobile Banking (Quality of Service) (Amendment) Regulations, 2013. Together, these establish a framework to facilitate the agents of the banks to interface with

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Amendments in the scheme for financial restructuring of State distribution companies

Comments Off | 11-29-2013

The Cabinet Committee on Economic Affairs has approved amendments to the scheme for Financial Restructuring of State distribution companies which had been approved by the CCEA on 24th September 2012 to enable the financial turnaround of the State distribution companies for their long term viability.
The Central Government had notified the Financial Restructuring Plan (FRP) for

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India, Belgium agree to enhance cooperation in Renewable Energy

Comments Off | 11-28-2013

India and Belgium have agreed to work on signing an MOU to enhance cooperation in renewable energy. This was discussed at a bilateral meeting between Dr. Farooq Abdullah, Minister for New and Renewable Energy, Government of India and Her Royal Highness Princess Astrid of Belgium. Princess Astrid is currently visiting India as head of the

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India’s cooperation sought to develop film industry in Afghanistan

Comments Off | 11-28-2013

Director of Afghan Film ‘A Man’s Desire for A Fifth Wife’, Sediq Abedi wants that India should help to develop film sector in Afghanistan. In an interaction with media persons along with his cast and crew at the 44th International Film Festival of India (IFFI), he said that Afghan people love India and its film.

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MHRD to Provide for 5000 Faculty Positions in Higher Education

Comments Off | 11-28-2013

The Ministry of Human Resource Development proposes to provide for 5000 faculty positions in the higher education under the Rashtriya Uchchatar Shiksha Abhiyan (RUSA) during the current Five Year Plan, ending 2017. Support will be provided to fill positions in the category of Assistant Professors or equivalent cadre against vacancies. A fixed amount of Rs.

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