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Top Tax Payers
Oil and Natural Gas Corporation
The Oil and Natural Gas Corporation paid 11, 49.13 billion as taxes, which is 50.35 percent of its profits earned. Apart from leading the tax-payers pack, ONGC holds the 198th rank in Forbes Global 200; it ranks at 335th in the Fortune Global 500; and has been recognized as the most valuable Indian corporate by market Capitalization, Net Worth, and Net Profits. Headquartered...
New Business Opportunities at Defence IQ’s Armoured Vehicles India
As India’s military undergoes one of the world’s largest armoured vehicles modernisation programmes, Defence IQ will be holding Armoured Vehicles India 2011 to facilitate business opportunities between international and local industry and India’s military.
This year, India announced a $36 billion modernisation programme, increasing massive investment in its armoured vehicles programmes....
Dr. Farooq Abdullah Calls for Greater Cooperation Between India and Germany in the Field of Renewable Energy
Union Minister of New & Renewable Energy, Dr. Farooq Abdullah, has appreciated the efforts of Germany in the field of Renewable Energy and has stressed on the need for greater cooperation between the two countries in this direction. He was speaking to German Parliamentary State Secretary in the Federal German Ministry of Environment, Nature Conservation and Nuclear Safety, Mrs. Katherina ...
Ministry of Commerce & Industry released Index of Six Core Industries (Base: 1993-94=100), April 2011
Index of Six Core Industries (Base: 1993-94=100), April 2011
The Index of Six core industries having a combined weight of 26.7 per cent in the Index of Industrial Production (IIP) with base 1993-94 stood at 276.5 (provisional) in April 2011 and registered a growth of 5.2% (provisional) compared to 7.5% registered in April 2010. During April-March 2010-11, six core industries...
Polaris to Implement Intellect Core Banking System in Reserve Bank of India
Polaris Software a leading global Financial Technology Company, today announced that Reserve Bank of India (RBI) has chosen Polaris to implement its Intellect(TM) Core Banking System (CBS) across the Bank. The USD 55 million end-to-end implementation deal includes System Integration and maintenance of software for a period of ten years.
Superior Functional Coverage and Future Ready Architecture...
Private Investments in Nuclear Power Sector
Economic Advisory Council to the Prime Minister in its ‘Economic Outlook for 2009/10’ inter-alia highlighted the need to diversify our fuel sources and develop more natural gas and nuclear energy based power plants as opposed to the coal based capacities that currently exist and to bring legislative changes to allow the entry of private companies into the business of...
Access to Sensitive Personal Information under New IT Rules Only with Checks and Balances: Clarifies DIT
The attention of Government has been drawn to news items appearing in a section of media which have commented on some aspects of the Rules framed under section 43A of the Information Technology Act, 2000.
The Department of Information Technology, Ministry of Communications & IT has clarified the position in this regard that these Rules do not provide free access to sensitive personal information....
Anand Sharma to Lead Indian Side for India-Africa Trade Ministers’ Meet
Shri Anand Sharma, Union Minister for Commerce & Industry will lead Indian side in a special Meeting of India-Africa Trade Ministers to be held on May 21, 2011 in Addis Ababa. The meeting precedes 2nd Africa- India Forum Summit and will be involving Trade & Industry Ministers from all the member States. 2nd Africa- India Forum Summit is being convened on 24th – 25th May, 2011 at Addis Ababa,...
National Mission for Enhanced Energy Efficiency approved
The Union Cabinet today approved the implementation plan of the National Mission for Enhanced Energy Efficiency (NMEEE) with a budgetary support of Rs.235.38 crore required for implementation of the Mission with effect from 2010-11. It also approved the creation of two new posts of Deputy Director General (Joint Secretary level) in the Bureau of Energy Efficiency.
The total expenditure involved in...
Setting up of Clusters for Micro and Small Units
The Ministry of Micro, Small and Medium Enterprises (MSME) is implementing the Micro and Small Enterprises – Cluster Development Programme (MSE-CDP) Scheme for development of MSEs in clusters through interventions leading to setting up of Common Facility Centers and Infrastructure Upgradation.
Under the infrastructure development component of MSE-CDP scheme, 130 proposals have been approved for...
FDI Proposal of Reckitt Benckiser UK &Paras Pharmaceuticals Limited Approved
Proposal of M/s. Reckitt Benckiser Plc. UK to set up a new wholly owned Subsidiary investing company to make downstream investment in by way of acquisition of 100 per cent equity approved
The Cabinet Committee on Economic Affairs today approved the proposal of M/s. Reckitt Benckiser Plc. UK to set up a new wholly owned Subsidiary investing company with a foreign equity of 100%...
Approval for FDI in Limited Liability Partnership firms
The Cabinet Committee on Economic Affairs today approved the proposal to amend the policy on allowing Foreign Direct Investment (FDI) in Limited Liability Partnership (LLP) firms.
The FDI in LLPs will be implemented in a calibrated manner, beginning with the ‘open’ sectors where monitoring is not required, subject to the following conditions:
(a) LLPs with FDI will be allowed, through the Government...
