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The 51stPublic Enterprises Survey in the series (2010-11), brought out by the Department of Public Enterprises, Ministry of Heavy Industries & Public Enterprises, Government of India on the performance of Central Public Sector Enterprises (CPSEs) was placed in Parliament today. The Survey was tabled by the Minister for Heavy Industries & Public Enterprises Shri Praful Patel. There were 248 CPSEs in 2010-11, out of which 220 [...]
Factors like rising interest rates and hike in fuel prices, among other factors, have affected the growth of theautomobile sector, thereby showing marginal growth during the recent months. As per the information received from the Society of Indian Automobile Manufacturers Association (SIAM), the production and export data of recent months is as under:- In Apr. 2011-Feb.2012 Passenger Cars UVs Vans Production 2,257,505 329,287 216,486 Growth rate (%) 2.59% 16.57% 10.40% [...]
In the days when journalists used Olivetti typewriters and bromides to make news pages, merchant navy ships making port calls at Mumbai were a major attraction. The narrow pavements of Colaba and Fort would be dotted with hawkers selling the `imported’ Australian Kraft Cheese, the Italian Ferrero Rocher chocolates, American Lacoste Tshirts and airline socks on wooden boxes transformed into [...]
A recent Nasscom report, however, shows that Indian IT companies—the majority recipients of US outsourcing contracts—are in fact creating employment in the US, and even adding to that country’s revenue. Titled India’s Tech Industry in the US—A Contribution Review, the report finds that Indian tech firms created 107,000 jobs in the US in FY11, up from 58,000 in FY06, a [...]
Car buyers should pay the market price for diesel, bringing it closer to the price of petrol. In the process, the scramble for diesel cars will be kept in check, resulting in lower consumption, and keeping oil companies happier. It is barely 10 days since the Budget was presented and two significant announcements have already been made. The first was [...]
The requirement of coal for power utilities for XII Plan period has been estimated on the basis of the demand of power forecast by the 17th Electric Power Survey (EPS) Report of Central Electricity Authority (CEA). The report predicts likely power demand of 1392 Billion Units in 2016-17. If coal based thermal power plants continue to meet 70% of the [...]
Ch. Ajit Singh, the Minister of Civil Aviation informed Lok Sabha today in a written reply that the air traffic has witnessed a growth of 16.5 per cent in India during 2004-05 to 2010-11 with domestic traffic clocking a cumulative annual growth rate of 18.5 per cent and international traffic at 14 per cent in the said period. Total flights/week [...]
As per the latest data available, the value of output for registered food processing industries was Rs. 4,46,701 crores in 2009-10 and the average annual growth rate for the period 2007-08 to 2009-10 was 16.34 %. The latest data on share of un-registered food processing industries in the GDP of food processing was 33.5% in 2009-10. As per Annual Survey [...]
The Minister of Steel, Shri Beni Prasad Verma has said that there exists a gap between domestic demand and domestic supply of steel. Due to relatively high growth in steel consumption than production, India became a net importer of steel since the year 2007-08. Certain special varieties of steel are imported to meet specific needs of end users. In a [...]
As per the information received from the Society of Indian Automobile Manufactures (SIAM), the details of production of cars during the last three years and current year are as under: (In number) Category 2008-09 2009-10 2010-11 2011-12(Apr-Jan) Passenger Cars 15,16,967 19,26,484 24,53,113 20,03,954 According to SIAM, many companies are entering the market with plans to expand their operations and invest over a period of next three to [...]
allowing 100 per cent foreign direct investments in the defence sector to develop a domestic industrial base, encourage technology transfers and curb large-scale imports. With a budget outlay of Rs 1.8 lakh crore, India imports nearly 70 per cent of its defence requirements. “We must be realistic and recognise that defence production is a capital and technology intensive sector. To [...]
Growing at a compounded annual growth rate (CAGR) of about 30 per cent, the Indian eyewear market is likely to reach Rs 43,000 crore by 2015, apex industry body ASSOCHAM said today. The eyewear market in India comprising of optical products including – contact lens, intraocular lens (IOLs), lasik, lens cleaning solutions, spectacle lenses, frames and sunglasses is currently poised [...]
Bharat Heavy Electricals Limited (BHEL) has declared an interim dividend of 136% on the enhanced equity capital post-bonus, for fiscal 2011-12 as against 132.5% paid in the year before. At Rs.665.75 Crore, this is the highest-ever interim dividend in perentage as well as value terms declared by the company so far. With this, the company has maintained its impeccable track [...]
“Innovation refers simply to the creation and application of a new idea to create value in a certain context. The rise of India as a growing power not only in Asia but also at the global stage would require not only a macroeconomic uplift but also a thorough realization of innovation by the MSMEs. Innovation being the key solution to [...]
As per ‘Quick Results : Fourth All India Census of Micro, Small & Medium Enterprises 2006-2007’ the total number Micro, Small & Medium Enterprises (MSMEs) in the country is 261.01 lakh. The percentage share of registered MSMEs is 5.94. As per the data available from Central Statistics Office, Ministry of Statistics and Programme Implementation, the estimated percentage share of Micro and Small [...]
Power sector is important not only because it impacts the quality of lives of a large section of population but also affects the growth and development of other sectors such as industry, agriculture, transport, health and education. Power is an expression of development and a medium of transformation. It helps advance a nation from an underdeveloped to developing to a developed [...]
As per ‘Quick Results : Fourth All India Census of Micro, Small & Medium Enterprises 2006-2007’ the total number Micro, Small & Medium Enterprises (MSMEs) in the country is 261.01 lakh. The percentage share of registered MSMEs is 5.94. As per the data available from Central Statistics Office, Ministry of Statistics and Programme Implementation, the estimated percentage share of Micro and Small [...]
Bharat Heavy Electricals Limited (BHEL) has declared an interim dividend of 136% on the enhanced equity capital post-bonus, for fiscal 2011-12 as against 132.5% paid in the year before. At Rs.665.75 Crore, this is the highest-ever interim dividend in perentage as well as value terms declared by the company so far. With this, the company has maintained its impeccable track [...]
With a view to bring down Tax litigation and provide Tax certainty to the foreign investors, the government has introduced the Advance Pricing Agreement (APA) in the Finance Bill 2012. While presenting the Budget 2012-13 in LokSabha today Shri Mukherjee said that in Globalized Economy with expanding cross border production chains, APA can significantly bring down tax litigation and provide [...]
Two Mega Handloom Clusters to be Set up in Andhra Pradesh and Jharkhand Rs.500 Crore Geo-Textile Pilot Scheme and Weavers’ Service Centre for North-East While presenting the Union Budget 2012-13 here today in LokSabha, ShriPranab Mukherjee, Finance Minister announced a financial package of Rs. 3884 crore for waiver of loans of handloom waiver and their co-operative societies. The Finance Minister [...]
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