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Pursuant to the announcement in the Union Budget 2013-14, the Government of India in consultation with Reserve Bank of India (RBI) has decided to launch Inflation Index Bonds (IIBs), as instruments that will protect savings of poor and middle classes from inflation and incentivise household sector to save in financial instruments rather than buy gold. …
A new drive to tackle pirates shows the threat they cause is still prevalent, says maritime security company, Typhon. As a new multinational agency launches to reduce piracy, maritime security firm Typhon warns that the spread of the problem is a major issue that is damaging world trade. The Regional Anti-Piracy Prosecution & Intelligence Coordination …
In its endeavour to ensure energy security of the nation, with the initiatives of the Hon’ble Minister of State for Power (Independent Charge) and the Secretary (Power), Bureau of Energy Efficiency (BEE), Ministry of Power has been undertaking several measures to cope up with the ever increasing energy demand of the country. One of such …
Ministry of Coal has invited Expression of Interest (EIO) for providing consultancy for restructuring of Coal India Limited (CIL) a Maharatna Public Sector Undertaking of Govt. of India. Objective is to examine various issues for restructuring of CIL . These issues include: • To examine the recommendations of various Committees and the planning Commission regarding …
The Union Finance Minister Shri P. Chidambaram said that the economic and political developments in the Eurozone area and the United States had its impact on the world economy including our economy. However, slew of reform measures taken by the Government had a positive impact on the market sentiments, the Minister added. He said that …
The Minister of Power, Shri Jyotiradita M. Scindia informed Rajya Sabha today that there is an overall shortage of power in the country both in terms of energy deficit and peak shortage. The details of overall energy deficit and peak shortage in power during the current year (April to November, 2012) is as given below : Period Energy Peak Require-ment Avail-ability Energy Deficit Peak Demand Peak Met Peak Shortage …
The Union Finance Minister Shri P Chidambaram has said that the Government is making every effort for turnaround of the economy and creating investor friendly climate. He further stated that external sector vulnerabilities are affecting the Indian economy because of the rapid globalization of the economy. Shri Chidambaram was delivering this inaugural address at the Delhi Economics …
The Minister of State (Independent Charge) for Power Shri Jyotiraditya Scindia informed Lok Sabha today that the total requirement of coal for the current year has been calculated as 500 Million Tons (MT) including 476 MT indigenous coal and 24 MT imported coal. The sources of indigenous coal are from Coal India Limited, Singareni Colliery …
Government has been making concerted efforts to attract greater foreign investment into India. Some of the important steps taken in this direction are as under: i) The Qualified Foreign Investor (QFI) scheme was introduced in the Budget 2011-12 by allowing foreign investors to invest in Mutual Funds, subject to certain conditions. On 1st January, 2012, …