News Archive

Government notifies scheme for Financial Restructuring of State Owned Distribution Companies

The Government has notified a scheme for Financial Restructuring of State Owned Distribution Companies (Discoms) on 05.10.2012. The scheme contains various measures required to be taken by State Discoms and State Governments for achieving the financial turnaround of the Discoms by restructuring their debt with support through a Transitional Finance Mechanism by Central Govt. The

BHEL Pays All-Time High Equity Dividend of 320% for Fiscal 2011-12

With a final dividend payout of 184%, Bharat Heavy Electricals Limited (BHEL) has paid an equity dividend of 320% for fiscal 2011-12, as against 311.5% paid in the year before. At Rs.1,567 Crore, this is the highest-ever dividend in percentage as well as value terms paid by the company so far. A cheque of Rs.609.98

Finance Minister Shri P. Chidambram leaves for his first Official Visit Abroad tonight to attend Annual Meetings of World Bank and IMF in Tokyo

The Union Finance Minister Shri P. Chidambram is leaving tonight on an official tour to Tokyo, Japan to attend Annual Meetings of World Bank and IMF. He will also attend BRICS Finance Ministers’ and G 24 Ministerial Meeting also during his aforesaid visit. The Finance Minister will also hold bilateral meetings with Finance Ministers of

Dr.M.Veerappa Moily Details MCA Initiatives at EEC 2012

Union Minister of Corporate Affairs Dr. M.Veerappa Moily today detailed the recent initiatives taken by his ministry for attaining an all – inclusive role of addressing a vide sweep of functions – Corporate Governance Reforms and the Emerging Legal Framework with a vision to facilitate corporate growth with enlightened regulation. Addressing media persons gathered at

Civil Aviation Minister addresses Economic Editors’ Conference; Enumerates Measures to boost the Growth of Civil Aviation Sector in India

Union Minister of Civil Aviation ShriAjit Singh addressed the Economic Editors’ Conference in New Delhi today. In his opening statement he touched upon various issues concerning the growth of aviation industry in the country. He said that the Government’s decision to allow 49% FDI by foreign airlines in Indian carriers will help in rapid growth

Mobile Shopper Numbers to Increase by 50% in Two Years, Juniper Report finds But consumer concerns remain over transaction security levels

Hampshire, UK – 9th October: The number of consumers purchasing physical goods remotely via their mobile handsets is expected to increase by nearly 50% over the next two years, a new report from Juniper Research has found. According to the report, the strong growth – taking user numbers to 580 million by the end of

BHP Billiton Prices A$1.0 Billion Note Issue

October 09, 2012 BHP Billiton has today priced a five year A$1.0 billion note issue under its Australian Medium Term Note Program. The Australian dollar notes will pay interest at 3.75 per cent and mature in October 2017. The proceeds will be used for general corporate purposes.

Text of the Inaugural Address by the Union Finance Minister Shri P Chidambaram at the Economic Editors’ Conference 2012 today

Following is the complete text of the Inaugural Address by the Union Finance Minister Shri P Chidambaram at the Economic Editors’ Conference 2012 here today: “On behalf of Government of India, I welcome you to the Economic Editors’ Conference. Economic journalists, especially those who are based in places other than the capital, look forward to this annual

Civil Aviation Minister Inaugurates Conference of DGCAS, Asia Pacific Regions; Calls for Opposing Unilateral Environmental Measures Leading to Suppression of Growth of Aviation Industry

Union Minister of Civil Aviation Shri Ajit Singh inaugurated the 49th Conference of Directors General of Civil Aviation (DGCA), Asia Pacific Regions in New Delhi today. The Conference with the theme “Managing Air Transport Growth in the Asia Pacific Region through a Collaborative Approach to Safety, Security and Sustainability” will continue till 12th October 2012.

Coordination Committee reviews progress on Affirmative Action

A meeting of the Coordination Committee on Affirmative Action has been held in the Prime Minister’s Office, under the chairmanship of the Principal Secretary to Prime Minister. It was attended by the representatives of the three national Chambers of Industry: FICCI, CII and ASSOCHAM.  Representatives of key Ministries such as Industrial Policy & Promotion, Social Justice