Invest in India News

  • Message by the President, Shri Pranab Mukherjee after inaugurating innovation exhibition/ interaction with innovators

    1. I congratulate the Nagaland University for organising this Innovators’ Exhibition. This is a pioneering initiative which recognizes the creative and innovative talent at the grassroots and links it to the formal education system. I call upon the University to strengthen this linkage and extend it to various institutes of science and technology in the region. This will enable the innovators to establish the technology for commercial use. The next step should be to develop a marketing strategy to attract entrepreneurs and investors.

  • Global crude oil price of Indian Basket falls to 100.85/US$ bbl on 13.5.2013

    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 declined US$ 100.85/barrel (bbl) on 13.05.2013. This was lower than the price of US$ 101.37/bbl prevailing on the previous trading day of 10.05.2013.

     

  • Record Performance of SPMCIL in Production of Bank Notes, Coins and Security Products During 2012-13

    Security Printing & Minting Corporation of India Ltd. (SPMCIL) has achieved all the targets with regard to production of Bank Notes, Coins, Security Products (Passports, NJSPs, Postal Products and other Security Products) and production of the Raw Materials (Security Inks and Security Paper) during the year 2012-13. It has not only met with the original targets but it also has surpassed the revised targets. While achieving the ever highest targets, SPMCIL has also increased productivity per employee considerably as per the details given below:

  • Index Numbers of Wholesale Price in India (Base: 2004-05=100), Review for the month of April, 2013

    The official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05 = 100) for the month April, 2013 rose by 0.5 percent to 171.5 (provisional) from 170.6 (provisional) for the previous month.

    INFLATION

  • World Class Universities in India an achievable aspiration, says President

    The President of India, Shri Pranab Mukherjee attended the Annual Convocation of Assam University today (May 14, 2013) at Silchar. After the Convocation, he inaugurated an Innovators’ Exhibition and an Innovation Club at the University.

  • Il&FS Infrastructure Debt Fund Signs MoU with eight Public Sector Banks; need for more than one Trillion Us Dollars for Infrastructure Sector in Next Five Years; Government And Private Sector to Contribute Fifty Percent Each

    IL&FS Infra Asset Management Limited (IAML), an Asset Management Company (AMC) promoted by IL&FS Financial Services Limited (IFIN) to manage the IL&FS Infrastructure Debt Fund (IIDF), signed a Memorandum of Understanding (MoU) with eight (8) Public Sector Banks (PSBs) including Allahabad Bank, Bank of India, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce and UCO Bank for acquisition of infrastructure loans.

  • Auction for Sale (Re-issue) of 7.83 per Cent Government Stock, 2018

    Government of India have announced the Sale (Re-issue/Issue) of (i)“7.83 percent Government Stock 2018” for a notified amount of Rs. 3,000 crore (nominal) through price based auction, (ii) “New 10-year Government Stock 2023” for a notified amount of Rs. 7,000 crore (nominal) through yield based auction , (iii) “8.97 percent Government Stock 2030” for a notified amount of Rs. 2,000 crore (nominal) through price based auction and (iv) “8.83 percent Government Stock 2041” for a notified amount of Rs. 3,000 crore (nominal) through price based auction.

  • India’s Foreign Trade: April, 2013

    EXPORTS (including re-exports)

     

    Exports during April, 2013 were valued at US $ 24164.37 million (Rs. 131395.43 crore) which was 1.68 per cent higher in Dollar terms (6.71 per cent higher in Rupee terms) than the level of US $ 23766.14 million (Rs. 123137.36 crore) during April, 2012.

     

  • PMO reviews CAPEX/Investment Plans of Central PSEs for 2013-14

    The Prime Minister’s Office has been monitoring the CAPEX and investment plans of selected Central Public Sector Enterprises (CPSEs) since FY 12-13. The purpose of this exercise was to enhance investment in the economy, utilizing the substantial cash surpluses that are available with some of the CPSEs to drive economic growth.

  • President Gives Away National Technology Day Awards 2013

    The President of India, Shri Pranab Mukherjee today presented National Technological Awards at a function held here in Vigyan Bhawan to mark the National Technology Day 2013.

    The National Award for 2013 was given to M/s Biovet Private Limited, Malur, Kolar, Karnataka for successful commercial production of Bluetongue pentavalent vaccine and Johne’s disease vaccine for the first time in India. The technology was provided by Indian Veterinary Research Institute (IVRI) Izatnagar, Uttar Pradesh.

  • Our Priorities for Innovation should be Conditioned by Our Socio-Economic Realities, Says President

    The President of India, Shri Pranab Mukherjee today presented National Technological Awards at a function held here in Vigyan Bhawan to mark the National Technology Day.

  • Quick Estimates of Index Of Industrial Production and use-Based Index for the Month of March, 2013 (Base 2004-05=100)

    The Quick Estimates of Index of Industrial Production (IIP) with base 2004-05 for the month of March 2013 have been released by the Central Statistics Office of the Ministry of Statistics and Programme Implementation. IIP is compiled using data received from 16 source agencies viz.

  • More Than 234 Lakh Tonne Wheat Procured

    During ongoing Rabi Marketing Season, the Government agencies have procured more than 234 lakh tonne wheat. As per data available from the fields till 10 May, 2013, total wheat procured during the season in various states is 234, 54,846 tonnes.

    So far Punjab has led the procurement 105,90,390 tonne followed by Haryana with 57,95,213 tonne and Madhya Pradesh with 56,25,527 tonne. Rajasthan and UP also made significant procurement during the season with 9,55,765 tonne 4,75,416 tonne respectively.

    10 May 2013

  • “Indian Telecom Services Performance Indicator Report” for the Quarter ending December 2012

    TRAI has released the “Indian Telecom Services Performance Indicator Report” for the Quarter ending December 2012. This Report provides a broad perspective of the Telecom Services and presents the key parameters and growth trends for the Telecom Services as well as Cable TV, DTH & Radio Broadcasting services in India for the period covering October to December 2012, and is compiled on the basis of information furnished by the Service Providers.

  • Statement of Srikant Kumar Jena on CCEA approval of the proposal regarding revival of five closed units of FCIL

    The Union Minister of State (Independent Charge) for Chemicals & Fertilizers and Statistics & Programme Implementation, Shri Srikant Kumar Jena said that the Cabinet Committee on Economic Affairs yesterday cleared the recommendations of Empowered Committee of Secretaries for revival of five units of Fertilizer Corporation of India Ltd. (FCIL) at Sindri, Talcher, Ramagundam, Gorakhpur & Korba. He told that the Government of India loan and interest thereon amounting to Rs. 10644 crores have been waived off. Further, the inter-corporate loan of Rs.

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