Archive for July, 2014

Step Taken by Government to Reduce Delay in Passport Issuance

Comments Off | 07-30-2014

The time taken for issue of passports has been progressively reduced in recent years. The process for Passport issuance sometimes becomes longer due to:
(i) Late receipt of police verification reports beyond the stipulated time of 21 days;

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“Textiles Vision Document Projects Textiles Export to Touch US $ 300 Billion by the Year 2024-25 35 Million Additional Jobs to be Created “

Comments Off | 07-30-2014

Shri Santosh Kumar Gangwar, Minister of State for Textiles (I/C) today received the draft Vision, Strategy & Action Plan for Indian Textiles & Apparels presented by Shri Ajay Shankar, Chairman, Expert Committee & Member Secretary, National Manufacturing Competitiveness Council (NMCC).
Keeping in view the various changes in the textile industry on the domestic and international

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Auction for sale (Re-Issue) of Government Stock

Comments Off | 07-30-2014

The Government of India have announced the Sale (re-issue) of (i)“8.27 per cent Government Stock 2020” for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) “8.40 per cent Government Stock 2024” for a notified amount of Rs. 9,000 crore (nominal) through price based auction and (iii) “9.23 per cent Government

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Global crude oil price of Indian Basket increased marginally to US$ 106.01 per bbl on 25.07.2014

Comments Off | 07-28-2014

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 went up to US$ 106.01 per barrel (bbl) on 25.07.2014. This was higher than the price of US$ 105.93 per bbl on previous publishing day of 24.07.2014.
In rupee terms,

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Policy for Growth of Indian Controlled Tonnage

Comments Off | 07-28-2014

The Government has taken a policy decision to allow shipping enterprises based in India to acquire ships abroad and also flag them in the country of their convenience. This decision is aimed at encouraging Indian Shipping companies to have their registered offices in India itself while allowing them to acquire further tonnage without forming subsidiaries

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PM’s remarks at book release function on the occasion of completion of two years of Presidency of Shri Pranab Mukherjee

Comments Off | 07-26-2014

The Prime Minister, Shri Narendra Modi, today felicitated the President, Shri Pranab Mukherjee on completion of two years of his Presidency. Speaking after releasing two books ‘Indradhanush’ and ‘The Winged Wonders of Rashtrapati Bhawan,’ he said the country had got new direction and inspiration from the guidance of Shri Mukherjee as President. Comparing the President

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Per Capita Income

Comments Off | 07-26-2014

Minister of State (Independent Charge) for Statistics & Programme Implementation Shri Rao Inderjit Singh has said that the United Nations Statistics Division (UNSD) does not provide any rankings to the countries on GDP or Per Capita Income (measured as Per Capita Gross National Income by the UNSD). However, ranking countries based on their National Accounts

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Government Approves 19 Proposals of Foreign Direct Investment (FDI) Amounting to about Rs. 2326.72 Crore

Comments Off | 07-24-2014

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 11th June, 2014, the Government has approved Nineteen (19) proposals of Foreign Direct Investment (FDI) amounting to Rs. 2326.72crore approximately.
Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 11.6.2014.
1.

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Indirect Tax Revenue (Provisional) Collections During April-June 2014 Increase from Rs 1,08,639 Crore to Rs.1,13,570 Crore Registering an Increase of 4.5 % over the Corresponding Period in last Financial Year

Comments Off | 07-24-2014

The overall growth in Indirect Tax Revenue (Provisional) Collections during the first quarter of current fiscal year i.e. April-June 2014 have increased from Rs. 1,08,639 crore to Rs.1,13,570 crore registering an increase of 4.5 % over the corresponding period (April –June 2013) in last financial year. Service Tax collections alone during April-June 2014 have increased

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World Bank President Jim Yong Kim meets PM

Comments Off | 07-23-2014

The President of the World Bank, Dr. Jim Yong Kim called on the Prime Minister, Shri Narendra Modi today.
Later, the Prime Minister described the meeting as “very fruitful.” “We discussed several ways of working together in the times to come,” he said.
On Twitter, the Prime Minister also said:
“We talked about the importance of scale and

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