Archive for August, 2014

India’s External Debt: A Status Report 2013-14 Released; India’s External Debt Stock Stood at US$ 440.6 Billion at end-March 2014, Increasing by US$ 31.2 Billion (7.6 per cent) Over the Level at end-March 2013

Comments Off | 08-29-2014

The Department of Economic Affairs, Ministry of Finance is bringing out the twentieth issue of the annual publication ‘India’s External Debt: A Status Report 2013-14’. The Report presents a detailed analysis of India’s external debt position at end-March 2014, based on the data released by the Reserve Bank of India on June 30, 2014. Apart

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India Signs Loan Agreements with World Bank for IDA Assistance of US $ 107 Million for Second Mizoram State Roads Project

Comments Off | 08-29-2014

A Credit Agreement for World Bank (IDA) assistance of US$ 107 million for Second Mizoram State Roads Project (MSRP II) has been signed between the Government of India and the World Bank here today. This Agreement was signed by Shri Nilaya Mitash, Joint Secretary (MI), Department of Economic Affairs on behalf of the Government of

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“Global crude oil price of Indian Basket was US$ 101.39 per bbl on 27.08.2014 “

Comments Off | 08-29-2014

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 was US$ 101.39 per barrel (bbl) on 27.08.2014. This was higher than the price of US$ 101.25 per bbl on previous publishing day of 26.08.2014.
In rupee terms, the price

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Pradhan Mantri Jan-Dhan Yojana Launched by The Prime Minister; About 1.5 Crore Accounts are Expected to be Opened on the Day of the Launch ; Over 77,000 Camps Being Organized for this Purpose

Comments Off | 08-29-2014

Financial Inclusion is one of the top most priorities of the Government. Exclusion of a large number of people from any access to financial services inhibits the growth of our country. There is evidence that financial inclusion is crucial to poverty reduction.
The earlier campaign on financial inclusion started in 2011 had a limited objective. The

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President, Asian Development Bank, calls on PM

Comments Off | 08-27-2014

The President of Asian Development Bank, Mr. Takehiko Nakao, called on the Prime Minister, Shri Narendra Modi, today. He complimented the Prime Minister on his Independence Day Speech which he termed inspiring. He was particularly touched the Prime Minister’s emphasis on change, removing silos within Government, improving co-ordination and focusing on results. He said that

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Prime Minister to Launch Pradhan Mantri Jan Dhan Yojana Tomorrow: To Dedicate Mobile Banking Facility on Basic Mobile Phones to the Nation

Comments Off | 08-27-2014

The Prime Minister, Shri Narendra Modi will launch the Pradhan Mantri Jan Dhan Yojana (PMJDY) tomorrow at a function in the national capital. On this occasion, an exhibition on Technology and Financial Literacy will be organized. The Prime Minister will visit this exhibition. A film on ‘Financial Inclusion’ will also be screened. The Prime Minister

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Union Finance Minister Stresses on the Capital Increase in the ADB to Maintain a Leading Role in Development Financing in Asia

Comments Off | 08-27-2014

The Union Finance Minister Shri Arun Jaitley stressed on the capital increase in the Asian Development Bank (ADB) to maintain a leading role in development financing in Asia. Shri Jaitley was making the opening remarks when Mr. Takehiko Nakao, President, Asian Development Bank (ADB) called on him in his office here today. Shri Jaitley complimented

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Govt to pump extra money for rural toilets for Swachh Bharat by 2019, says Gadkari

Comments Off | 08-27-2014

Union Minister for Rural Development and Drinking Water and Sanitation, Shri Nitin Gadkari has said that he has prepared a Cabinet note for considerable enhancement of monetary support for building different categories of rural toilets in the country to achieve the goal of sanitation for all by 2019. Speaking at a National Workshop on Sanitation

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Use of Bio-Technology in Agriculture can Yield Revolutionary Results – Agriculture Minister

Comments Off | 08-25-2014

There is an urgent need to change the traditional methods of agriculture so as to produce quality foodgrains, improve the quality of soil, fight the increasing threats of diseases in crops and counter scarcity of agricultural land because of increasing population.
Laying foundation stone of Indian Institute of Agricultural Bio-Technology at Garh Khatanga near Ranchi

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Development Commissioner for Handlooms, Ministry of Textiles, Government of India joins hands with Flipkart India Pvt. Ltd. to Provide an online marketing platform & market intelligence to boost Indian handloom Weavers

Comments Off | 08-25-2014

Ministry of Textiles today announced that Ministry through DC (Handlooms) has signed a Memorandum of Understanding (MoU) with Flipkart India Pvt. Ltd. to provide online marketing platform to handloom weavers to boost the handloom sector, empower the weavers and boost manufacturing in the country.
Through this exclusive agreement, Flipkart will provide weavers in India online

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