BK Modi-promoted group registers company 10 days before the deadline
Experts say the Bill should include higher-value food items than just cereals
Almost half the overall projects costing at least Rs 150 crore (Rs 1.5 billion) are facing a time lag as on March 31. Of 558 projects, 272 were running late when FY13 came to an end, official data showed.
C Rangarajan, chairman, Prime Minister's Economic Advisory Council tells Business Standard that the measures taken by the government will lead to economic growth of at least 6 per cent in FY14 against a decadal-low growth of 5 per cent in FY13.
Figures compiled by the Directorate General of Commercial Intelligence & Statistics, under the commerce ministry, showed India's iron ore exports jumped a whopping 157 per cent to 121 million tonnes in 2012-13, compared with 47 million tonnes a year ago.
Hit by slackening demand amid economic slowdown and high interest rates, the real estate sector has asked for infrastructure status for the housing sector in the Budget for 2013-14, which would help it avail of tax benefits and easier flow of credit.
The industry describes projects priced beyond Rs 5 crore (Rs 50 million) in Delhi and the National Capital Region region as luxury, but the benchmark is Rs 10 crore (Rs 100 million) for Mumbai.
The initial draft of the approach paper to the 12th Plan had set a target of 9-9.5 per cent growth, depending on the global economic scenario.
The launch of the 19-floor luxury apartment project in Gurgaon's Sector 86 is the first big project from DLF this financial year.
Real estate players say they are in talks with companies to build their customised stores in India.
Rangarajan says there was no need to change the inflation comfort level from four-five per cent.
Deloitte's global index, 2013, for 38 nations, ranked India the fourth most competitive manufacturing nation.
As other sectors are not doing well, the industry can help to boost numbers.
Rajinder has been a key behind-the-scenes figure at Wave Inc, while Ponty was the face of the group.
After lower proceeds from 2G spectrum auctioning, economists question if government can meet the fiscal deficit target.
A recent public interest suit in the Supreme Court over foreign direct investment (FDI) in retail may have thrown the industry into a tizzy, but lawyers, constitutional experts and government officials indicate the multi-brand retail FDI policy is unlikely to get derailed over Fema.
Bilateral trade target is $15 billion by 2015, says Premier Stephen Harper.
According to the figures released on October 31, the deficit till September had inched down to 65.6 per cent of the budget estimate for 2012-13, compared with 65.7 per cent till August.
Since 2004, licences have been given to develop as much land in the area as in the entire state during the earlier 25-odd years.
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