Posts Tagged ‘India FDI’

Big Scope for India-Italy Defence Industry Cooperation: Pallam Raju

Comments Off | 11-2-2011

The Minister of State for Defence Dr. MM Pallam Raju has said that there is tremendous potential for defence cooperation with Italy. Addressing a roundtable on ‘Indo-Italian Defence Cooperation: Opportunities for Partnership and Co-Development’ here today, he said that with the reforms introduced in our Defence Offset Policy, the opportunities have grown manifold.
“Many Indian defence

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India’s Foreign Trade: September, 2011

Comments Off | 11-2-2011

EXPORTS (including re-exports)
India’s exports during September, 2011 were valued at US $ 24821.59 million (Rs.118233.94 crore) which was 36.36 per cent higher in Dollar terms (41.01 per cent higher in Rupee terms) than the level of US $ 18203.53 million (Rs. 83848.35) during September, 2010. Cumulative value of exports for the period April-September 2011 -12

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CBDT Issues Clarification Regarding Investigations Relating to Banking Information from Overseas

Comments Off | 11-2-2011

Following is the text of the clarification issued by Central Board of Direct Taxes, Department of Revenue, Ministry of Finance:
“A section of the press has reported today that some investigations relating to banking information received from overseas have been referred to the Directorate of Criminal Investigation by the Central Board of Direct Taxes for prosecution,

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India Italy Trade Cooperations Gains Momentum

Comments Off | 11-1-2011

The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma has expressed confidence that India and Italy will reach the target of Euro 15 bn. Speaking at Ministerial Forum: ‘Indo-Italian Cooperation: Addressing Challenges, Strengthening Ties’ , here today, Shri Sharma emphasized that Trade between our countries last year stood at US$ 8.50 billion and

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FM Inaugurates Government’s E-Payment System ; Reassures Government’s Strong Commitment for Improving Efficiency, Bringing Transparency and Introducing Reforms

Comments Off | 11-1-2011

The Union Finance Minister Shri Pranab Mukherjee today formally launched the central government e-payment system He said that the commissioning of the e-payment system is a major achievement and indicates Government’s strong commitment towards improving efficiency in our financial system, strengthening transparency in operations and introducing reforms for better governance. The Finance Minister said that

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World Bank Signs Loan Agreement Worth US$ 975 Million with Government of India

Comments Off | 10-28-2011

The World Bank today signed a US$ 975 million loan agreement with the Department of Economic Affairs, Ministry of Finance, Government of India, and the Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL) to set-up the Eastern Dedicated Freight Corridor-I (a freight-only rail line) that will help faster and more efficient movement of raw materials

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Rs 2100 Crore Projects to be Implemented in 36 Months: Anand Sharma

Comments Off | 10-28-2011

Government has sanctioned 21 new Textiles Parks under the Scheme for Integrated Textiles Parks with a project cost of Rs. 2100 crores to be implemented over a period of 36 months. Minister for Commerce, Industry and Textiles Shri Anand Sharma as Chairman of the Project Approval Committee under the Scheme accorded approval to the recommendations

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Government Approves 21 New Textiles Parks

Comments Off | 10-28-2011

Government has sanctioned 21 new Textiles Parks under the Scheme for Integrated Textiles Parks with a project cost of Rs. 2100 crores to be implemented over a period of 36 months. Minister for Commerce, Industry and Textiles Shri Anand Sharma as Chairman of the Project Approval Committee under the Scheme accorded approval to the recommendations

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MMTC Records Highest ever Trade Turnover

Comments Off | 10-28-2011

A cheque for Rs. 24.83 crore was presented today to Shri Anand Sharma, Minister for Commerce, Industry & Textiles by Smt Vijaylaxmi Joshi, Additional Secretary, Department. of Commerce and CMD, MMTC Limited towards 25% Final dividend for fiscal 2010-11. MMTC, the largest international trading company of India, at its 48th Annual General Meeting held on

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P. Chidambaram Releases NCRB Publication ” Crime in India -2010″

Comments Off | 10-28-2011

The Union Home Minister Shri. P.Chidambaram released “Crime In India-2010” a publication of national importance brought out by National Crime Records Bureau in New Delhi today. Shri N.K. Tripathi, Director General, NCRB, Smt. B. Bhamathi, Additional Secretary, MHA and Shri.P.R.K.Naidu, Joint Director, NCRB, were present during this occasion. NCRB publishes Crime in India from the

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