Invest in India News

  • No Proposal Under Consideration to Withdraw Bank Chequebook Facility

    In a section of the media, it has appeared that there is a possibility that the Central Government may withdraw bank cheque book facility in the near future, with an intent to encourage digital transactions. It is denied that there is any proposal under consideration of the Government to withdraw bank cheque book facility. 


  • Water Storage Level of 91 Major Reservoirs of the Country Goes Down by Two Percent

    The water storage available in 91 major reservoirs of the country for the week ending on November 23, 2017 was 101.077 BCM which is 64% of total storage capacity of these reservoirs. This percentage was at 66 for the week ending on November 16, 2017. The level of water storage in the week ending on November 23, 2017 was 96% of the storage of corresponding period of last year and 95% of storage of average of last ten years.

     

  • Constitution of Task Force for drafting a New Direct Tax Legislation

    During the Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, the Prime Minister Shri Narendra Modi had observed that the Income-tax Act, 1961 (the Act) was drafted more than 50 years ago and it needs to be re-drafted. Accordingly, in order to review the Act and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government has constituted a Task Force with the following Members:

    (i) Shri Arbind Modi, Member (Legislation), CBDT - Convener

  • Constitution of Task Force for drafting a New Direct Tax Legislation

    During the Rajaswa Gyan Sangam held on 1st and 2nd September, 2017, the Prime Minister Shri Narendra Modi had observed that the Income-tax Act, 1961 (the Act) was drafted more than 50 years ago and it needs to be re-drafted. Accordingly, in order to review the Act and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government has constituted a Task Force with the following Members:

    (i) Shri Arbind Modi, Member (Legislation), CBDT - Convener

  • Cabinet approves revisedsalaries, gratuity, allowances and pension for the Judges of the Supreme Court and the High Courts

    The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the revision in the salaries, gratuity, allowances, pension etc. of the Judges of the Supreme Court and the High Courts and retired Judges of Supreme Court and High Courts. It follows the implementation of recommendations of the 7thCentral Pay Commission in respect of Civil Servants. 

  • Consultative Workshop on New National Policy on Biofuels and Pradhan Mantri Ji- Van Yojana

    A consultative workshop on New National Policy on Biofuels & Pradhan Mantri Ji- Van Yojana (VGF for 2nd Generation Ethanol Bio Refineries) was organised here today by Ministry of Petroleum and Natural Gas for inviting suggestions for drafting a suitable roadmap for Biofuels in India.

  • India becomes second largest fish producing country in the world: Shri Radha Mohan Singh

    "Letter of Permit" or "L.O.P." system implemented for fishing in the Indian E.E.Z has been rescinded since January 2017: Shri Singh 

    Overall fish production registers an increase of approximately 18.86% in comparison to the last three years & inland fisheries sector registers a growth of 26%: Union Agriculture Minister

  • Word Class Center of Excellence in Maritime and Ship Building to come up in Mumbai and Vishakhapatnam

    CEMS to provide skilled manpower for ship building and maritime sector 

  • India Signs Loan Agreement with World Bank for USD 100 Million for “Shared Infrastructure for Solar Parks Project”

    A Guarantee Agreement for IBRD/CTF loan of USD 98 million and Grant Agreement for USD 2 million for the “Shared Infrastructure for Solar Parks Project” was signed with the World Bank here today by Mr Sameer Kumar Khare, Joint Secretary (MI), Department of Economic Affairs on behalf of Government of India, and Mr Hisham A. Abdo, Acting Country Director, World Bank India, on behalf of the World Bank. A Loan Agreement was also signed by Mr K S Popli, Chairman and Managing Director, India Renewable Energy Development Agency Ltd. (IREDA) and Mr Hisham A.

  • Monetary Allowance for Widows of Gallantry Awards Recipients

    Recipients of the gallantry awards are entitled to the monetary allowance as per the letter of 1972 of Ministry of Defence (MoD), superseded by letter in 1995 of the MoD, which have been revised from time to time. As per the existing condition for grant of monetary allowance, the allowance shall be admissible to the recipient of the award and on his death to his widow lawfully married by a valid ceremony. The widow will continue to receive the allowance until her re-marriage or death.

  • Bar Leadership Summit on reforms in Indian Legal Services Sector

    The Indian National Bar Association (INBA) in collaboration with the Department of Commerce, Ministry of Commerce and Industry, and the Centre for Trade and Investment Law (CTIL), Indian Institute of Foreign Trade organized the ‘Bar Leadership Summit on Reforms in the Indian Legal Sector’ in New Delhi recently.

  • Aadhaar Data is Never Breached or Leaked: UIDAI

    The Unique Identification Authority of India (UIDAI) responding to a news report, appeared in certain section of media on “210 Government sites made Aadhaar info public” as if Aadhaar data is leaked or breached, has said that such report is a skewed presentation of the facts and poses as if the Aadhaar data is breached or leaked which is not the true presentation. UIDAI said in a statement here that the Aadhaar data is fully safe and secure and there has been no data leak or breach at UIDAI.

  • Moody’s upgrade Sovereign Credit Rating of India to Baa2 from Baa3

    Moody's Investors Service ("Moody's") has upgraded the Government of India's local and foreign currency issuer ratings to Baa2 from Baa3 and changed the outlook on the rating to stable from positive. India’s rating has been upgraded after a period of 13 years. India’s sovereign credit rating was last upgraded in January 2004 to Baa3 (from Ba1).

  • Minister of Commerce and Industry in Russia to participate in Shanghai Cooperation Organization meeting and bilateral discussions with Russian leadership and business leaders

    The Minister of Commerce and Industry, Shri Suresh Prabhu is on a visit to Russia from November 15-17, to participate in the Shanghai Cooperation Organization Meeting of the Ministers of Member States responsible for Foreign Economic and Foreign Trade. The Minister of Commerce and Industry is also holding bilateral meetings during his visit. This is the first Ministerial Conference on Trade organized by the Shanghai Cooperation Organization after India became a full member of the Organization in June 2017.

  • PM reviews performance of key infrastructure sectors

    The Prime Minister, Shri Narendra Modi, on Thursday reviewed progress of key infrastructure sectors including PMGSY, housing, coal and power. The review meeting, which lasted for about two and a half hours, was attended by top officials from PMO, NITI Aayog and infrastructure Ministries of the Government of India.