In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs (CBEC), being satisfied that it is necessary and expedient so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.) dated, the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii) vide number S. O.
The Union Finance Minister, Shri P. Chidambaram left today for five day three nation tour of UK, France and Qatar. During the first leg of his foreign visit, the Finance Minister will arrive in London today evening. The Finance Minister Shri Chidambaram who is leading the Indian delegation, will participate in the Sixth Ministerial India –UK Economic and Financial Dialogue (EFD) next day.
The outstanding balance of 9.00% loan 2013 and 9.81% Government Stock, 2013 are due for repayment on May 24, 2013 and May 30, 2013 respectively. No interest will accrue there on from the said dates. In the event of a holiday being declared on May 24, 2013 and/ or on May 30, 2013 by any State Government under the Negotiable Instruments Act, 1881, the loan will be repaid by the paying offices in that State on the previous working day.
The National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) has delivered double digit returns for the financial year 2012-13 and has evidenced itself as not just being the cheapest retirement product but also as the highest returns generating scheme.
PFRDA advises that various NPS schemes have earned the following average annual returns during the financial year recently ended on 31st March, 2013 (Weighted Average):
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.
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.
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:
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.
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 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.
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.
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.
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.
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.
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.