Patna: Bihar Chief Minister Nitish Kumar defended on Thursday his repeated demand for special status to the state saying it (the status) will boost private investment in a big way to accelerate its industrial development. "I am pushing for grant of special status to Bihar only to bring private investment in a big way to expedite industrialisation process for generation of employment opportunities," he said in a function at Pataliputra industrial area after inaugurating a diamond cutting unit, the first of its kind in the state.
The special status brings with it tax concessions and the investors pumping their money in industrial units in Bihar will benefit from the incentives if the Centre grants his demand, the chief minister said. Claiming that the law and order situation in the state has improved, he said the present was as good as it gets for investors, who should take advantage of the positive atmosphere and make investments in Bihar. "If any investor has doubt about the law and order situation in Bihar, then such an investor should confirm it with the director general of police before taking the decision," Kumar said.
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12:20 AM, May 17, 2013
New Delhi: The government on Tuesday said it has cleared 17 foreign direct investment proposals totalling Rs 262.56 crore, including that of Sanofi-Synthelabo (India). The proposals were cleared following recommendations by Foreign Investment Promotion Board (FIPB) headed by Department of Economic Affairs Secretary Arvind Mayaram, an official statement said. Sanofi-Synthelabo's proposal was regarding acquisition of a pharma company through internal accruals. The company proposes to bring in FDI worth Rs...
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06:38 PM, May 01, 2013
New Delhi: Overseas investors pumped USD 823 million into the stock markets in the month of April, taking the total investment tally to over USD 11 billion in 2013 so far. Foreign institutional investors (FIIs) infused a net amount of USD 823 million (about Rs 4,450 crore) in Indian stock market in March taking the total inflows to USD 11.2 billion (Rs 60,072 crore) in less than four months of...
01:50 PM, Apr 28, 2013
Catch the day's top stories with Rajdeep Sardesai on India @ 9 ...
11:42 PM, Apr 03, 2013
Finance Minister P Chidambaram suggested on Tuesday that the government is unlikely to raise the import tax on gold further to avoid gold smuggling and would instead introduce inflation-indexed instruments to help curb a record current account deficit. ...
12:44 PM, Apr 02, 2013
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01:14 PM, Mar 30, 2013
Russia wants the BRICS group of major emerging economies to broaden its role and get more involved in geopolitics, President Vladimir Putin said in an interview published on Friday. ...
05:20 AM, Mar 22, 2013
Finance Minister P Chidambaram on Monday said the government was hopeful about raising Rs 40,000 crore from stake sale in public sector undertakings (PSUs) in the financial year beginning April 1, 2013. ...
02:27 AM, Mar 05, 2013
Aiming to restart the growth engine, Finance Minister P Chidambaram on Monday said he will monitor every quarter the investment plans of public and private sector entities that are sitting on huge cash piles. "Each PSU is required to fill up that proforma, tell us what their capex targets are next year. We will monitor them closely beginning from April, 2013. Every quarter I will monitor what they are investing,"...
11:32 PM, Mar 04, 2013
Ahead of Egyptian President Mohammad Mursi's maiden visit to India, a senior minister discussed ways to advance bilateral economic, trade and investment ties and opening up new avenues of commercial exchanges. ...
10:40 PM, Mar 04, 2013
British companies are looking for opportunities in India, especially in the infrastructure space that is expected to see investments worth USD 1 trillion in five years, according to global consultancy Deloitte. ...
04:05 PM, Mar 04, 2013
French President Francois Hollande on Friday said French companies are willing to invest up to $1 billion in India, but asked New Delhi to take necessary steps to open up the market by removing obstacles. "There are always obstacles to opening markets," Hollande said addressing industry leaders in the financial capital this evening but clarified he is not meddling in the political affairs of this country. ...
09:40 AM, Feb 16, 2013
Being termed as West Bengal's Gujarat Summit, which wrapped up after a successful show on Saturday last week, the Trinamool government's 'Bengal Leads' conclave has ...
05:13 PM, Jan 15, 2013
The sixth edition of the Vibrant Gujarat Global Summit concluded in the state capital Gandhinagar Saturday evening with promises from the Bharatiya Janata Party government of investments worth Rs 40 lakh crore for the state. However, the Narendra Modi government's track record of converting pledged investments into reality has been less than impressive, with even Modi, who swept through the Gujarat elections in December 2012 to become the chief minister...
08:20 AM, Jan 13, 2013
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11:43 AM, Jan 04, 2013
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05:40 PM, Dec 21, 2012
At least seven companies from China, India, South Korea and South Africa continued to have investments in Iran's oil and gas sectors in 2012 even as Tehran came under international scrutiny for its nuclear ambitions, a US government watchdog said on Friday. ...
03:21 AM, Dec 09, 2012
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11:48 AM, Sep 28, 2012
Disruptions in Parliament leading to policy paralysis has resulted in a sharp decline in investments in the country. ...
09:34 AM, Sep 04, 2012
