Foreign direct investment (FDI) equity inflows in India declined 24 per cent to $20.48 billion in April-September 2023, dragged by lower inflows in computer hardware and software, telecom, auto and pharma, according to government data. FDI inflows stood at $26.91 billion during the first six months of the last fiscal. Inflows during January-March 2023 also contracted 40.55 per cent to $9.28 billion.
The state now has a new policy, under a new government.
West Bengal Chief Minister Buddhadeb Bhattacharjee on Wednesday announced that a proposed chemical hub would not be set up in Nandigram.
He said the most important issue being debated in the state and the country was whether industrialization will be carried out on the basis of progress in agriculture.
West Bengal has received total investment proposals worth around Rs 2.43 lakh crore spread across sectors like education, health, mining, steel, infrastructure and financial services during the two-day Bengal Global Business Summit, which concluded in Kolkata on Thursday.
A day after about 1,200 media persons from Saradha Group media entities lost their jobs in West Bengal, the state government extended a helping hand. On Wednesday, government officials are set to meet these employees to try and find a resolution to the issue.
Banerjee has fulfilled two key electoral promises: Ridding Lalgarh of Naxals and bringing peace to Darjeeling
Direct land acquisition in Bengal fiat forces companies to appoint land brokers.
Will appeasement, rising unemployment and her dictatorial style become major obstacles in her path? asks Payal Singh Mohanka.
'Look at the number of billionaires, the number of new billionaires in India.' 'Adani and Ambani are not the only ones.' 'What's wrong with people making money as long as it benefits us?'
The HPL board had reinstated its CDR committee to woo lenders.
West Bengal government said on Wednesday it would consider reduction in taxes on petrol and diesel only if the Centre reduced excise duty on these products.
A high-level team from Infosys Technologies Limited visited Rajarhat in West Bengal on Tuesday to survey land for setting up a development centre in the state.
Prime Minister Narendra Modi on Tuesday slammed Chief Minister Mamata Banerjee for seeking en bloc voting by Muslims for the Trinamool Congress and said had his party made a similar appeal to Hindus, it would have been criticised and censured.
Iin the aftermath of the brutal gang rape of a 23-year old girl in New Delhi who later died in a Singapore hospital, the West Bengal government on Wednesday decided to set up 88 fast-track courts to hear crimes against women. A decision to this effect was taken at a cabinet meeting presided over by Chief Minister Mamata Banerjee.
The Padma Bhushan was conferred on 17 personalities including N Chandrasekharan, chairman of Tata Sons, Krishna and Suchita Ella of Bharat Biotech, Cyrus Poonawalla, Satya Nadella, chairman of Microsoft, Sunder Pichai, chairman of Google.
The company would focus only on expanding its existing facilities at an investment of around Rs 600 crore (Rs 6 billion), said S Gopalakrishnan, chief executive officer and managing director.
The Tatas had earlier stated that it could return the land if compensation was offered. Tata Motors last year shifted its small car Nano project from Singur to Sanand in Gujarat after protest by local farmers and political parties.
The list of guests included celebrities from across the globe, politicians, the who's who of Hindi and south Indian cinema world and almost all the top cricketers of the country.
Of the three options suggested by the consultancy firm appointed by the CPI(M) government, Nayachar was feasible since it was government land, Commerce and Industry Minister Nirupam Sen said at an all-party meeting.
BJP has announced the name of former Deputy Chief of Army Staff Lt Gen Subrata Saha, credited for establishing the Army Design bureau for Make in India for the army, as its candidate from Rashbehari constituency.
As many as 37 ministers have been dropped from the government in Prime Minister Narendra Modi's third term and these include seven with cabinet rank -- prominent among them being Smriti Irani, Anurag Thakur and Narayan Rane.
After land, coal is turning out to be the latest hurdle to West Bengal's industrialisation drive.
Making a submission in the court of Justice Saumitra Pal, Tata counsel Samaraditya Pal said that 997.11 acre leased to Tatas (lessee) by West Bengal Industrial Development Corporation (lessor) was not kept idle from the time of execution of the lease deed to the exit from the site by the company.
West Bengal Chief Minister Mamata Banerjee on Wednesday assured farmer leaders led by Rakesh Tikait and Yudhvir Singh of support to their agitation against the new agriculture laws.
Developments in Nandigram and Singur, where the government's bid to acquire farm land for industrialization ran into stiff resistance from locals and main opposition Trinamool Congress, have given enough worries to the ruling alliance.
West Bengal Industrial Development Corporation and Indian Institute of Technology-Kharagpur on Thursday signed a memorandum of association to develop the state's first biotechnology park at Kharagpur.
While TMC leaders ridiculed Prime Minister Narendra Modi and UP chief minister Yogi Adityanath for lifting an image purportedly from West Bengal, the BJP in the Mamata Banerjee-ruled state took potshots at crashing flyovers in the eastern state over the use of an image in a newspaper ad
A recent study conducted by the Associated Chambers of Commerce and Industry of India indicates that the state's business confidence index is at 6.5 on a scale of 10.
The company wrote to the Buddhadeb Bhattacharjee-led Left front government seeking clarification on the agreement in the wake of conflicting reports about the return of project land to farmers. A Tata group spokesperson confirmed that the company had written a letter to the government.
Prime Minister Narendra Modi on Friday asserted that the Union government is making record investment for railway infrastructure modernisation.
Airlines say ATF fuel prices in India are 40 per cent higher than in countries such as Singapore. Jharkhand, Chhattisgarh and Maharashtra
The West Bengal government has accorded permission to the Tata Motors officials to carry on initial work in the land at Singur earmarked for its Rs 100,000 small car project.
"I cannot tell Ratan Tata to go back", the West Bengal chief minister said while speaking at the annual general meeting of Bengal Chamber of Commerce and Industry in Kolkata.
Stocks of smallcap and midcap companies, which had caught the fancy of retail investors, also feature in the portfolio of leading politicians in addition to bluechip stocks.
The West Bengal Crime Investigation Department (CID) has summoned six Central Industrial Security Force personnel who were on duty at booth number 126 in Jorpatki in Sitalkuchi assembly constituency where four persons were killed in a firing by the central forces personnel during voting, an official said.
According to the lease agreement between Tata Motors and the West Bengal Industrial Development Corporation, the lessor will have the option to terminate the lease if the land has not been used for three years or more, which will kick-in from October 2011. Tata Motors had pulled out of the Nano project in October 2008.
Real estate major DLF and West Bengal government on Monday entered into an agreement to build a township and an industrial hub at Dankuni in the Hooghly district.
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