Infosys has partnered India Post for developing a service delivery platform that will allow more than 1.30 lakh rural post offices to offer online services for social benefits under NREGA and process Electronic Money Orders
International Aerospace Manufacturing Ltd. (IAMPL), the 50:50 joint venture formed between Hindustan Aeronautics Ltd. (HAL) and British engines major Rolls-Royce, formally inaugurated its production facility here in Bangalore on Friday.
India and United Kingdom have signed an agreement to launch a joint programme, Global Innovation and Technology Alliance [GITA], to encourage industry in the two countries to work together towards commercialisation of research leads in a range of key areas, including energy and health care.
Concerned over the recent deaths of thousands of Pashmina goats in the Ladakh region, the Government has decided to provide a financial assistance of Rs 41.21 crore to protect the animals, producing world-famous fine luxury fibre. The plan envisages a new Pashmina Wool Development Scheme with a special package and a financial allocation of Rs 41.21 crore.
The government today said that state-run Coal India Limited (CIL) has signed fuel supply pacts with 56 power plants as on March 2.
Government will introduce one billion pieces of Rs 10 bank notes made of plastic on a field trial basis in five cities, Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla -with varied geographical locations and climatic conditions. RBI has informed that while the primary objective of introduction of polymer notes is to increase its life, it could also help in combating counterfeiting.
The Rajasthan State Industrial Development and Investment Corporation (RIICO) signed a memorandum of understanding with the South Korean Trade Promotion Agency (KOTRA) in New Delhi on Monday for setting up an exclusive Korean industrial zone at Ghilot in Neemrana, a fast emerging industrial centre in the National Capital Region. The State already hosts a Japanese manufacturing zone at Neemrana, which was established in 2008.
Dabhol-Mahrashtra, Dahez and Hazira - Gujarat , GAIL
India and Bhutan today signed a currency swap agreement for up to $100 million to further economic co-operation between the two countries. The currency swap arrangement was signed between the Reserve Bank of India and the Royal Monetary Authority of Bhutan (RMAB). In May 2012, RBI had announced it would offer swap facilities aggregating $2 billion, both in foreign currency and Indian rupee, to SAARC member countries — Afghanistan, Bangladesh, Bhutan, Maldives, Nepal, Pakistan and Sri Lanka.
The four financial sector regulators in the country, RBI, SEBI, IRDA and PFRDA have signed MoU for co-operation in the field of consolidated supervision and monitoring of financial groups identified as financial conglomerates. Activities like commercial banking, insurance, investment banking, equity broking, and pension business as well as foreign exchange market markers will be looked at.
World Bank has barred Larsen & Toubro (L&T) from doing any business with it or the projects funded by it for 6 months, after finding that a senior executive of the Indian conglomerate has indulged in fraud. The debarment will continue till September 6. During the debarment period, L&T as well as any of the entities controlled directly or indirectly by it can’t be nominated even subcontractor, consultant, manufacturer, supplier or even service provider to an otherwise eligible firm being awarded a World Bank financed project.
The Finance Ministry on Wednesday cleared the investment proposal of Malaysian budget carrier AirAsia which seeks to enter India through a joint venture with Tata Group and another company as per the policy (which allows) up to 49 per cent FDI and with Rs 80 crore as initial investment. The Foreign Investment Promotion Board (FIPB), headed by DEA Secretary Arvind Mayaram, approved the proposal. The carrier will now have to approach the aviation regulator Directorate General of Civil Aviation (DGCA) for further clearances.
The Union Minister for Steel, Beni Prasad Verma unveiled a Coffee Table Book titled ‘Indian Saga of Steel’ that chronicles the progress of the Indian Steel Industry and details the various milestones achieved by the industry, right from its initial years to the present times. India today is the fourth largest steel producing country in the world.
The monitoring of implementation of RVE projects is carried out by the respective state notified implementing agencies
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The CBI has registered a case in a Delhi court against Bharti Airtel Ltd, Tata Communication Ltd and Singapore Telecommunications Ltd for allegedly causing a loss of nearly Rs 48 crore to the government since 2004 by illegally providing international long distance (ILD) services.