Tag Archives: India

India eyes $25 Billion worth trade with Japan by 2014

India’s commerce minister Anand Sharma has stressed the need to increase the bilateral trade to $25 billion by 2014 from the current $14 billion. Speaking to a visiting Japanese delegation, he said, “The year 2011 is a watershed year in our relations as we signed the Comprehensive Economic Partnership Agreement (CEPA) during my visit to Japan in February. The signing ...

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India manages to stem deforestation: Minister

Proving the outcry that forests are shrinking due to increased urbanisation, industrialisation and rehabilitation, India has set its record straight with a modest increase in its forest cover. In a report on the country’s State of Forest Report 2009, based upon the biennial assessment by Forest Survey of India, there is an increase in the forest cover of the country ...

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India’s industrial output slows down in tandem with global meltdown

India’s industrial output has slowed down since June 2011. The government said there has been a moderation in the growth of industrial production as shown in the table below:                                                                                                    India’s Industrial Output    (in percent) Sectors Weights June July Aug Sep Mining 14.157 -1.4 1.5 -4.1 -5.6 Manufacturing 75.527 11.2 3.2 4.0 2.1 Electricity 10.316 7.9 13.1 9.5 9.0 ...

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Terrorist Training Camps reactivated by ISI to push 2,500 terrorists in winter, says India

India has alleged that the Pakistan intelligence agency ISI has reactivated terrorist training camps in Pakistan-Occupied Kashmir (POK). The camps are likely to send 2,500 terrorists into India to carry out their notorious plans soon, said Jitendra Singh, India’s junior minister of Home Affairs in a written reply in the Rajya Sabha on Wednesday. The Indian government said it has ...

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Opening FDI in retail sector to create 10 million jobs: Minister

In an unusual defence of the decision of the Union Cabinet to permit FDI into multi-brand retail in the country, commerce minister said it will create 10 million new jobs including 6 million in the logistics sector alone, not touching the details of its possible replacement of many small traders on the street and road-side small shops. Ironically, the move ...

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Rs 2126-cr worth18 FDI proposals approved

Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on November 15, 2011, the Indian government has approved 18 Proposals of Foreign Direct Investment amounting to ` 2126.20 crore approximately. In addition, one proposal viz (i) M/s Unitech Wireless (TN) Pvt. Ltd., amounting to ` 8250 crore, has been recommended for consideration of Cabinet Committee ...

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Post-G20 roll back in petrol price comes true, Rs. 2.22 cheaper now

Post-G20 summit, Indian government has slashed petrol prices as expected, ahead of the winter session of parliament where the opposition was bracing for a battle on the floor of the house over the hike. The 3.2 percent cut would mean Rs. 2.22 rupees a litre of petrol, which has no subsidy component. Ironically, diesel and kersene are still priced much ...

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Mukesh Ambani-led RIL to partner with Walt Disney

With an eye on fast expansion of its presence in the telecom sphere, Mukesh Ambani-led conglomerate Reliance Industries Limited (RIL), is partnering with Walt Disney-India to acquire content for its upcoming telecom operations. The deal allows Reliance Industries and UTV Software, a subsidiary of UTV in which Walt Disney holds 50.44 per cent stake, to jointly explore the potential in ...

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Ambani brothers — Mukesh, Anil — join hands to revolutionize 4G

Ambani brothers Mukesh and Anil will join hands to enter the 4G sphere in India, in a major joint venture between the brothers since 2005 following the division of the Reliance group between them. Mukesh Ambani owned Reliance Industries Limited will tie-up with younger brother Anil Ambani’s Reliance Communication to revolutionize 4G in India. RIL is likely to use RCom’s ...

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Contradictory statements on petrol hike by Pranab in Delhi, PM at G20 summit

The Indian government has come under unprecedented criticism over its unilateral hike in petrol price, with allies in the coalition government like Trinamul threatening to quit, while the judiciary, for the first time, intervened. The most intriguing defence of the decision came from none other than the finance minister who said the decision was taken by the petroleum companies and ...

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Post-shut up episode: Will Modi speak for India in China this month?

By Sridhar Narsing When Gujarat Chief Minister Narendra Modi visits China this month, he will have to clear his conscience that the firm HUAWEI, China’s biggest telecom company, investing hugely in Gujarat, did not portray three controversial regions of India as foreign pockets. While China will bend its rules like Beckham with an eye on Modi’s proposal to develop a ...

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Nargis, Planet’s 7 billionth baby born in UP

The world has welcomed the birth of Nargis, in Uttar Pradesh on Monday, as the symbolic 7 billionth baby on the planet. The UN Population Fund had earlier said that the planet’s seven billionth baby would be born on October 31 and Uttar Pradesh in India was the favourite choice of the symbolic selection of the baby. Not that it ...

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Interceptor boat joins Coast Guard fleet at Porbandar

Indian Coast Guard will commission the Indian Coast Guard Ship (ICGS) C-153 at an impressive ceremony at Porbandar recently, unveiled by Vice Admiral Anil Chopra, Director General. The ICGS C-153 is the 11th and the last in the series of 11 Interceptor Boats (IBs) built by M/s ABG Shipyard, Surat. C-153, on commissioning will be based at Veraval. With the ...

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India kicks off $400 million mega-project to connect all villages with broadband

India has decided to take up a mega-project worth $400 million to connect all the villages called the National Optical Fiber Network for Broadband connectivity of Panchayats to enhance inclusive growth in the country and strengthen the economic acitivity in rurral India. The scheme will extend the existing optical fiber network which is available up to district / block HQ’s ...

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Govt approves wage board recommendations for journalists

The Union Cabinet on Tuesday approved the final recommendations of the Wage Boards along with certain corrections and rectifications carried out under Section 12(1) of the Working Journalists and other Newspaper Employees (conditions of Service) & Miscellaneous Provisions Act, 1955. The Government had earlier constituted two Wage Boards in May 2007. The Chairman of the Wage Boards, Justice G.R. Majithia ...

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Now a bullet-proof car on rent in India

New Delhi-based ECOS India Mobility & Hospitality Pvt Ltd (ECO) has introduced a “Bullet Proof Car” in the Indian car rental industry. The bulletproof car initially will be available in Delhi at Rs 12,000 per day for 80 kilometers. However, it can be made available in other parts of the country at an additional cost, said the company in a ...

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Carmel Berkson: A sincere devout of ancient Indian architecture

By Alok Deshwal Carmel Berkson, the renowned scholar and artist has recently donated her 38 sculptures to the National Gallery of Modern Art (NGMA)as a permanent collection. Born in 1924 at New York, she studied history at Duke and Columbia University but soon became focused on the creation of statues in clay, wood, plaster and welded metal sheet. It was ...

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India-Nepal Trade up 36%, more hydro projects on cards

Bilateral trade between India and Nepal has increased from $ 1.9 billion in 2009-10 to $ 2.7 billion in 2010-11 registering an increase of around 36 percent. Exports from Nepal to India have also grown from $ 452 million in 2009-10 to $ 476 million in 2010-11, registering an increase of around 5.3 percent. During his meeting with his Nepalese ...

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We don’t want fly-by-night operators: Kapil Sibal on US varsities

WASHINGTON, DC: Union Minister of Human Resources and Development Kapil Sibal was in Washington, DC, last week to attend the first US-India Higher Education Summit, which was held on October 13th. Chaired by the minister and Secretary of State Hillary Clinton, the education dialogue is part of a series of cabinet-level engagements between the two countries in a number of ...

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