Invest in India News

  • Centenary Film Festival to be launched from 25th April to commemorate 100 years of Indian Cinema

    To commemorate the “100 years of Indian Cinema,” the Ministry of Information and Broadcasting is organizing a six day Centenary Film Festival to celebrate Indian Cinema in all its glory. The Festival will commence on April 25th, with the inauguration of the exhibition “Indian Cinema 100 (Celebrating a Century: An Audio Visual Voyage)” by the Minister for Information & Broadcasting, Sh. Manish Tewari.

  • Incredible India Website Crosses Two Million Hits Mark

    The revamped Incredible India website www.incredibleindia.org has crossed two million hits mark today. It has started receiving almost six thousand hits every day. This major increase is the result of the Ministry of Tourism’s new policy to place a large number of services on the website in pursuit of the directions of Shri K.Chiranjeevi, Union Minister for Tourism to concentrate marketing efforts through the internet in proportion to the number of potential tourists using the internet vis-à-vis other traditional media.

  • Change in Tariff Value of Gold and Silver Notified

    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.

  • India’s Foreign Trade: March, 2013

    EXPORTS (including re-exports)

    Exports during March, 2013 were valued at US $ 30849.65 million (Rs. 167836.31 crore) which was 6.97 per cent higher in Dollar terms (15.65 per cent higher in Rupee terms) than the level of US $ 28839.36 million (Rs. 145123.41 crore) during March, 2012. Cumulative value of exports for the period April-March 2012 -13 was US $ 300570.58  million (Rs 1635261.02 crore) as against US $ 305963.92 million (Rs 1465959.40 crore)

  • Highlights of Annual Supplement (2013-14) to the Foreign Trade Policy 2009-14 Announced by Shri Anand Sharma

    1. Measures to revive investors’ interest in SEZs.

    1.1 A package of measures has been formulated to revive investors’ interest in SEZs and to boost exports. The salient features of the package are:-

  • Task Force on Coal Beneficiation to Submit its Report Soon

    A task force constituted by the Ministry of Coal to work out the policy issues of coal beneficiation is likely to submit its findings shortly. This was announced by Minister of Coal , Shri Sriprakash Jaiswal. He was addressing the inaugural session of the “International Conference & Expo on Coal Beneficiation” being organised by the ‘Coal Preparation Society of India’ (CPSI) here today. The theme of the Conference was ‘Beneficiation of Indian Coal: capacity augmentation and technological up gradation for efficient use & environmental sustainability’.

  • Commodity-Wise Freight Revenue by Railways goes up by 22.95 Per Cent During Fiscal 2012-13

    The Railways have generated Rs. 84791.06 crore of revenue earnings from commodity-wise freight traffic during fiscal 2012-13 as compared to Rs. 68965.44 crore during the corresponding period last year, registering an increase of 22.95 per cent. Railways carried 1009.83 million tonnes of commodity-wise freight traffic during financial year 2012-13 as compared to 969.78 million tonnes carried during the corresponding period last year, registering an increase of 4.13 per cent.

  • Text of the Speech of the Union Finance Minister on “The Rise of the East: Implications for the Global Economy” Delivered at Harvard University

    Following is the Text of the Speech of the Union Finance Minister, Shri P. Chidamabarm delivered yesterday at the South Asian Institute and Mahendra Humanities Center at Harvard University:

  • High Level Working Group Presents Report on Western Ghats to MoEF; PROPOSES Protecting 90 Per Cent of the Region’s ‘Natural Landscape’ as Ecological Sensitive Area

    The Western Ghats is a biological treasure trove that is endangered, and it needs to be “protected and regenerated, indeed celebrated for its enormous wealth of endemic species and natural beauty” – says the Union Ministry of Environment and Forest’s High Level Working Group, whose much awaited report on the Ghats was presented to Ms. Jayanthi Natarajan, Minister of State (IC) for Environment & Forests, here today. The 10-member Working Group is headed by Dr. K.

  • D Purandeswari Meets Vice President of Costa Rica

    The Minister of State in the Ministry of Commerce & Industry, Dr. D Purandeswari held three bilateral meetings and signed one important Memorandum of Understanding (MoU) in Costa Rica yesterday. She first met Ms. Daisy Maria Corrales Diaz, Costa Rica’s Minister of Health. Followed by it, she met Mr. Alejandro Cruz, Minister of Science and Technology, Costa Rica. Then in afternoon, she met Mr. Luis Liberman, Vice President of Costa Rica.

  • Speech of the Prime Minister at the 4th Clean Energy Ministerial

    Following is the text of the Prime Minister Dr Manmohan Singh’s address at the 4th Clean Energy Ministerial in New Delhi today:

    “I am very pleased to inaugurate this Fourth Clean Energy Ministerial in New Delhi. This is the first time this Ministerial meeting has been convened in India. I take this opportunity to welcome all the participating Ministers and members of their delegations, and also the representatives of international organizations, the private sector and non-governmental organizations participating in this important meeting.

  • Dr. C.P. Joshi Sets Target for Revival of Road Construction Sector 7300 Km of National Highways to be Awarded During 2013-14 More Than 50% Projects to be taken up on EPC Mode

    Dr. C.P. Joshi, the Union Minister of Road Transport and Highways, reviewed here today the plan for award and completion of road works during the current Financial Year (FY) 2013-14. The plan has been prepared by Ministry of Road Transport and Highways (MoRTH) along with National Highways Authority of India (NHAI). The thrust of the review meeting aimed at identifying steps for restoring the pace of award of road projects in the coming year. As a part of this exercise, scheme-wise targets were set for each month of the financial year.

  • Under-Recovery on Diesel effective 16.4.2013 declines marginally to Rs 6.42 per litre

    The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas have reviewed international prices of crude oil and petroleum products during the 1st Fortnight of April 2013. Accordingly, the under-recovery on High Speed Diesel (HSD) applicable for 2nd fortnight of April effective 15.04.2013 has declined marginally to Rs 6.42/Litre.

  • India seeks Germany’s Cooperation to being Grid Integration Technology to India

    “Our 12th Five Year Plan proposals for the next five years (2012-17) seek a capacity addition of 30 GW, of which 25 GW is expected to come from wind and solar energy”, said Sh. R.P. Watal, Secretary MNRE while inaugurating a one day Workshop on Grid Integration of Renewable Energy & Rooftop Solar in Urban Areas in collaboration with Govt. of Germany in New Delhi today. Wind and solar are location-specific and not distributed uniformly.

  • Change in Tariff Value of RBD Palmolein and Silver Notified

    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.