SME Lead Fueling Global Economic Growth

The Indian Prime Minister has simplified the process of lease and transfer of government land for infrastructure projects. In March 2011, a rule has made it mandatory to take union cabinet approval for all lease and transfer of government land except from one government department to another. This was leading to long delays in awarding concessions for infrastructure projects, particularly ...

India will hold talks with a newly formed grouping of nations comprising 33 countries of Latin America and the Caribbean region at New Delhi on August 07, 2012 with an aim to enhance ties in diverse industrial sectors including exploration of hydrocarbons and minerals. The external affairs minister of India S. M. Krishna will lead the Indian delegation while the ...

The annual South African International Trade Exhibition (SAITEX) the biggest ever Indian participation demonstrates the kind of collaboration that is possible between India and the countries of Africa. The 19th edition of SAITEX took place between July 15th and 17th at Midrand and was co-located with Africa’s Big Seven, an exclusive trade fair in food and beverage segment. India, the ...

Mauritius based companies that have invested in India have a cause to applaud as a valid Tax Residency Certificate (TRC) can get them exemption from paying capital gain tax on exciting Indian investments. The Authority of Advance Ruling (AAR) has upheld the validity of the TRC. TRC is a certificate of residency of the investors. Having such a certificate establishes ...

The rating agency ICRA plans to extend its rating and research services to small and medium scale enterprises (SMEs). ICRA is of the view that it has enough capabilities and expertise to service the SME sector. ICRA has been traditionally rating large corporate on their credit risk portfolio. ICRA which has some marginal exposure to the SME rating business also ...

The Appointment Committee of the Cabinet (ACC) Dr.Arvind Mayaram as new Economic Affairs Secretary,he succeeds Mr. R. Gopalan. Dr. Mayaram has a doctorate in finance and is an IAS officer of 1978 batch. This is third time that he has been posted in the Ministry of Finance, more specifically in the Department of Economic Affairs (DEA). Earlier he served as ...

The people of Ghana are in grief, following the death of President John Evans Atta Mills, who passed away on Tuesday (25/07/12). The 68-year-old president had earned respect at home and abroad for his economic policies and commitment to democracy and good governance. The Vice President John Dramani Mahama, was quickly sworn in as head of state in a smooth ...

In a recent meeting with the Russian Deputy Prime Minister at Hyderabad House in New Delhi the Indian Foreign Minister Mr. S. M. Krishna stressed the need to make maximum effort to achieve a $20 billion trade target by the year 2015. Indian and Russia have jointly agreed to study a comprehensive economic cooperation agreement with Belarus, Kazakhstan and the ...

India and the Russian Federation have signed a protocol for funding two new units at the Kudankulam nuclear power projects in Tamilnadu. Mr. A. P. Joshi, special secretary, department of atomic energy and Mr. S. A.  Storchak, Deputy minister of finance of the Russian federation, signed the protocol. Russia will extend an export credit of US$ 3400 million to Russian ...

In a meeting at New Delhi with Mr. Arvin Bollel, the Mauritian Minister of Foreign Affairs, Regional Integration and International Trade, the Indian Union Minister of Textiles Mr. Anand Sharma, shared their views and agenda for the joint committee on cooperation about the textiles and clothing industry. Mr. Sharma also holds the Commerce and Industry portfolio in the union government ...