Finance Minister P Chidambaram remarked that the Indian economy is poised for a potential growth rate of 8 per cent and the country has not fixed the limit to foreign investments. While attracting investors from Canada and the USA, he said the Indian economic downturn is a temporary phenomenon. Between 2004 and 2012, India had a growth rate of 8 per cent for six years and four
Tag: India
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Kandla Port woos importers and exporters
Gujarat-based Kandla Port Trust said that it was providing the "highest level of service" to its users and urged importers and exporters to continue to patronise it.
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Paradip Port implements projects to raise capacity
Paradip Port Trust is implementing several projects to raise its capacity from the existing 102 million metric tonne per annum (mn tpa) to 252.50 mn tpa by the year ending 2020.
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NHAI to empanel agencies for traffic audit
National Highway Authority of India (NHAI) wants the concessionaire of the Gurgaon expressway project to remove one of the toll plazas at the expressway in order to avoid traffic snarls.
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India to become No 2 in aviation market in a decade
Union Civil Aviation Minister Ajit Singh said recently that India would become the second-largest air traffic market in the world within a decade as the government has adopted an open air policy. Speaking at the official inauguration of the new airport at Nagpur in Maharashtra, named the Dr BR Ambedkar International Airport, he said domestic carriers flew close to 162 million passengers in 2011-12, up from 143 million in 2010-11.
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Analysts cast doubt on output forecast of ONGC
Some analysts cast doubt on the guidance given by Oil and Natural Gas Corporation (ONGC) for crude oil production in 2013-14 because the company derives 72 per cent of its output from fields which are 37-52 years old
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IGL strengthens infrastructure for CNG distribution
New-Delhi based Indraprastha Gas (IGL) is in the process of strengthening its infrastructure so as to meet the increasing demand of CNG from the growing number of CNG vehicles in Delhi.
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Study shows steel firms must attain raw material security
Long-term success of steel companies would be determined by investment in raw material security, capital project management, customer centric measures, a study by consulting firm Accenture shows. The study also laid emphasis on building differentiated supply chains and securing human capital for t
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Govt may set up coal regulatory authority in 4 months
In the next two to four months, Indian government plans to set up an independent regulatory authority for coal sector, Finance Minister P Chidambaram said at the Canada India Business Council meeting. The proposed regulatory authority would become effective mechanisms to address problems being faced in the implementation of coal projects
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Expert calls for inclusion of fuel products in GST regime
RSM Astute Consulting is the Indian member of RSM International, which is the sixth largest network of independent accounting and consulting firms in the world. The company focuses on providing services in the areas of corporate advisory and structuring,