India will not achieve the $200 billion trade target fixed for the current fiscal but the government and the Reserve Bank of India are closely monitoring both domestic and international economic developments, the Lok Sabha was informed on Tuesday.
Giving a clear indication on unveiling a package in the interim budget to stimulate industrial demand, the government said on Thursday it is not restrained by the Constitution from announcing urgent policy intervention in the run-up to the Lok Sabha elections.
The Centre is actively involved in pushing through the PPCIR projects which would be spread over an area of 200-300 sq km each, Minister of State for Industry Ashwani Kumar said. "Once the policy is notified, it will lead to mega-investments through the PPP (public-private-partnership) mode in the coastal states," he added, adding that inter-ministerial consultations were on at present and rules are to be framed.
A day after opposition parties, including the Congress launched a scathing attack against the Union government and the railways for charging money from migrants for the travel, sources in the railways said the national transporter is spending around Rs 80 lakh per service for the special trains, and it has run 67 such trains carrying around 67,000 stranded migrants since May 1--- incurring an expenditure of over Rs 50 crore.
Behind the state's success in containing coronavirus positive cases is one novel initiative -- Active Case Finding or ACF, which even Prime Minister Narendra Modi endorsed for the bigger states to follow. The ACF campaign began in April with 16,000 basic health personnel, ASHA, anganwadi workers and auxiliary nurse midwives (ANM) out on foot trekking to most mountain valleys, snow-bound districts and remote passes of the state, reports Ashwani Sharma.
In a major initiative to pump prime the economy through public expenditure, the government has decided to inject a whopping Rs 50,000 crore (Rs 500 billion) for funding infrastructure projects.
"Government is not helpless and has means to ensure prices are brought down. More measures -- both administrative and fiscal -- are in the offing to control inflation," Minister of State for Industry Ashwani Kumar told reporters in New Delhi. Iron ore, steel and cement would continue to remain under the government scanner, he said. A series of calibrated measures would ensure that inflation is brought down by at least one percentage point in the next two months, he added.
Given the strong fundamentals of the Indian economy, it will be able to sustain a growth rate of over 8 per cent over the next ten years and continue to attract investments in services and manufacturing sectors, Indian Minister of State for Commerce and Industry said in New York. "Despite some developments that are not favourable, we will still manage to have robust growth," Ashwani Kumar said.
The fare of second AC Rajdhani ticket for Delhi-Kolkata is Rs 2,890 and Rs 4,095 for Delhi-Bengaluru Rajdhani.
The minister also said that we should not paint the entire private sector companies as villains because of one bad firm. He said that the government will take steps to restore investor confidence, but did not elaborate on the issue.
With economic offences seeing an increase, the CBI has written to the Institute of Chartered Accountants of India (ICAI) to probe the growing number of white collar crimes.
CBI director Ashwani Kumar said the Satyam fraud was unique, as it was the founder, and not an outsider, who is the accused. According to sources, the fraud involves an amount that is much bigger than the Rs 7,800 crore (Rs 78 billion) estimated originally. It could be close to Rs 10,000 crore (Rs 100 billion) based on over 7,000 fake invoices and forged documents retrieved by the agency.
The financial fraud, one of the biggest in the state as per records, was being investigated by the different departments of Himachal Pradesh for the past over four years.
The minister said drivers are given specific instructions on where to slow down the train.
After prevailing upon steel producers to reduce prices, the government on Thursday got assurance from cement producers also that they would substantially cut prices voluntarily.The assurance from manufacturers came after government announced to take tough action against them, besides banning exports and allowing duty free import of cement.
Union Minister of State for Industry Ashwani Kumar has asked investors to grab the opportunities in the fast expanding infrastructure, manufacturing and consumer goods sectors in the country.
According to airline sources, the software, which is of Atlanta-based SITA company, was not functioning approximately from 3 am to 9 am on Saturday. Consequently, boarding passes could not be issued at major airports across the world and various flights were delayed.
They said it was then prime minister Rajiv Gandhi who on February 1, 1986 got the permission for starting prayers at the disputed site and got the locks opened.
West Bengal Governor M K Narayanan on Monday resigned, becoming the fourth person occupying the gubernatorial post to put in his papers since the National Democratic Alliance government prodded some of the Governors appointed during the United Progressive Alliance rule to quit.
It said the sleuths have recovered Rs 14.6 crore of "unaccounted" cash and seized diaries and computer files of suspect payments made between Madhya Pradesh and Delhi.
Indian Minister of State for Industry Ashwani Kumar speaks on 'The India factor and a comparative analysis of the opportunities and risks in China and India' at Waldorf Astoria in New York on June 4.
Ever since the deal was announced of Walmart spending over $16 bn for a 77 per cent stake in Flipkart, the road to the takeover of India's biggest online marketplace has been quite bumpy
Microfinance portfolio of SFBs saw a muted growth of about 3% last year
First look on the Japan PM Shinzo Abe's arrival in New Delhi.
Citigroup Inc, the largest US bank, has asked India to liberalise its financial services sector, saying it would help the country maintain and improve over eight per cent GDP growth.
Union Minister of Commerce and Industries Kamal Nath, would lead a high powered team to Davos in Switzerland sources in the government of India said in an informal chat with rediff.com.
Air India chairman said that the airline never served non-vegetarian meals on short duration flights.
Seventeen-year-old Ashish Anand, a student of St Joseph School, Bhagalpur, was thrashed by his teacher Mohd Idris for a minor mistake, sources said.
The home ministry has revoked the decision of Delhi government to repatriate its Principal Secretary (Home) and (Land and Buildings) Dharam Pal to the Centre terming it ab initio void and asserted that powers to transfer AGMUT cadre officers rests only with the Centre.
Ashwani Nagpal is the owner of the popular Leela Lounge restaurant.
The government is preparing a draft policy for special investment regions that would be spread over an area of hundreds of kilometres and offer investors all the infrastructure for setting up manufacturing units.
India on Tuesday asked foreign entrepreneurs to take advantage of the investor-friendly atmosphere in the country and said it was the right time to pump money in the country, especially in its manufacturing sector.
The real estate space has been buzzing quite a bit of late. Especially after Parsvanath's IPO and the possibility of DLF coming into the market, at current valuations, is this the time to buy into this space?
Security has been tightened along the unfenced 64-km-long border near the tri-junction of Mizoram-Tripura-Bangladesh in the state's Mamit district ahead of the November 25 Assembly polls, state Chief Electoral Officer (CEO) Ashwani Kumar said.
'Searching for the target with bare eyes was like searching for the needle in the haystack, but due to the technology, we had a clear picture of the seven tents perched against the rocky background on our scopes.'
India is seeking major investments in the manufacturing sector as a part of its effort to take the benefits of development to the poorest of the poor, Minister of State for Industry Ashwani Kumar said.
A day after the world was rocked by the revelations made by what is now being called the Panama Papers, the Indian Express has disclosed a second list of Indians who were involved in offshore companies.
Its economy dependent on tourist arrivals, the hill state is looking at a summer of discontent. Not that the rest of the year promises to be any different. Ashwani Sharma reports from Shimla.
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