Archive for December, 2013

Global Crude Oil Price of Indian Basket declines to US$ 109.37/bbl on 30.12.2013

Comments Off | 12-31-2013

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas fell to US$ 109.37/per barrel (bbl) on 30.12.2013. This was lower by about one USD than the price of US$ 110.31/bbl on previous trading day

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Extension of Subscription of Inflation Indexed National Saving Securities- Cumulative (IINSS-C) Upto March 31, 2014

Comments Off | 12-31-2013

On review, the Government has announced, in consultation with Reserve Bank of India, has decided to extend the subscription of Inflation Indexed National Saving Securities- Cumulative till March 31, 2014. The subscription can be closed earlier than March 31, 2014 with a prior notice.

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Calendar for Auction of Government of India Treasury Bills for the Quarter Ending March 2014

Comments Off | 12-31-2013

The Government of India, in consultation with Reserve Bank of India, after reviewing the cash position of the Government of India, has decided to notify the amounts for the issuance of Treasury Bills for the quarter ending March 2014 as under:

Proposed Auctions of T-Bills during January-March, 2014

(`  crore)

Date of Auction
91 days
182 days
364

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259 Million Tonne Foodgrain Production Likely This Year

Comments Off | 12-31-2013

The year 2013 has been significant for Indian agriculture. The production of foodgrains is likely to reach record level; in a year in which other economic parameters have not been too encouraging, agriculture growth is likely to surpass the target of four percent.
Public Investment in the farm sector has gone

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Central Government approves release of Third Installment of Rs. 862 lakhs for Pune BRTS

Comments Off | 12-30-2013

The Union Urban Development has approved the proposal for release of third installment of Rs. 862 lakhs for the BRTS corridor-Kalewadi-KSB Chowk to Dehu-Alandi Road (Trunk Route 7). The approval was given at the Central Sanctioning and Monitoring Committee (CSMC) meeting held in New Delhi recently. The project has achieved 44 per cent physical progress

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Achievements of the Ministry of Labour & Employment During 2013

Comments Off | 12-30-2013

YEAR END REVIEW-LABOUR & EMPLOYMENT

Following are the salient features of the initiatives taken by the Unnion Ministry of Labour & Employment during the year 2013:
Agenda for 45th Indian Labour Conference finalized:
In a meeting convened by the then Labour & Employment Minister Shri Mallikarjuna Kharge on 4th January 2013, the Standing Labour

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Press Statement of the Finance Secretary on VCES

Comments Off | 12-30-2013

There has been an overwhelming response to the VCES . In the last four days, we have received over 16,000 applications involving Rs. 1500 crores of service tax dues. Upto 29-12-2013 we have received over 40,000 declarations involving over Rs 5500 crores. This would broadly correspond to Rs 55,000 crores of services, which have escaped

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Dates Extended for the Auction of Spectrum in 1800 MHz and 900 MHz bands

Comments Off | 12-30-2013

The Department of Telecommunications (DoT) has extended the dates related to the auction of spectrum in 1800MHz and 900MHz bands. Now, the Auction will start on 3rd February 2014 instead of 23rd January 2014. The Department had issued an NIA (Notice Inviting Applications) on the 12th of this month in which it was specifically mentioned

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Global crude oil price of Indian Basket remains unchanged at US$ 109.80/bbl on 26.12.2013

Comments Off | 12-27-2013

The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas was same at US$ 109.80/per barrel (bbl) on 26.12.2013 as prevalent on previous trading day of 24.12.2013.

In rupee terms, however the crude oil of

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Food Processing Sector Witnesses Fast Growth, Rising Exports in Recent Years

Comments Off | 12-27-2013

The food processing sector has witnessed fast growth, employment generation and export earnings in the recent past. In major indicators, the growth in this sector has been better than other industries and the economy as a whole.
On its part, the Ministry of Food Processing Industries has contributed to encouraging investment into the sector, improving infrastructure,

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