Other Briefings
Foreign Education Provider Bill Up for Introduction
Dec. 1 – Union Human Resource Development Minister Kapil Sibal has expressed hopes that a Foreign Education Providers Bill will be introduced in the ongoing session of Parliament and reach a consensus reports Press Trust of India. If the bill is passed it will allow foreign education providers to enter and operate in India and […]
Report: No Client Should Exceed 10 Percent of Audit Firm Revenue
Nov. 30 – A corporate governance committee established by the Indian Industry (CII) said in a report that no corporate client or group should comprise more than 10 percent of an audit firm’s revenues. The recommendations are part of government efforts to prevent conflict of interest scenarios with the 10 percent limit applicable to earnings […]
India’s Economy Up 7.9 Percent Year-on-Year
Nov. 30 – India’s economy grew at the fastest pace in 18 months during the July to September period as a surge in manufacturing helped offset a sluggish agricultural sector. The country’s gross domestic product grew 7.9 percent from a year earlier after rising 6.1 percent in the previous quarter, the Central Statistical Organization reported […]
Government to Establish Rehabilitation Package for Returning Workers
Nov. 27 – The government is in final stages to establish a ‘Return and Resettlement Fund’ initially for returning overseas Indian workers from Gulf countries who have been laid off because of the global crisis. “My ministry is working towards establishing a fund that will provide financial security to those workers who have lost their […]
United States is Largest Equities Investor in India
Nov. 26 – The United States is now India’s largest equity market investor with a net investment worth Rs 213,450,000,000 as of November 10. This represents a major shift for the United States when two years ago it was not even part of the top ten investors in the Indian stock market. Luxembourg and France […]
New Highway Construction Increases Eight Fold
Nov. 26 – The Indian government is planning to establish a national expressway authority to oversee the construction of expressways Kamal Nath, the minister for road transport and highways, said at the International Construction Equipment and Construction Technology Fair in Bangalore. Mr. Nath said the establishment of the authority would require approval of legislation by […]
India Open to FTA with United States
Nov. 25 – Prime Minister Manmohan Singh said that India is willing to consider a free trade pact with the United States similar to the one it already has with Association of Southeast Asian Nations (ASEAN). “I don’t mind exploring the possibility for a free trade agreement with the United States,” Mr. Singh said during […]
India, United States Sign Agreements on Investment, IPR
Nov. 24 – India has signed agreements on traditional knowledge, intellectual property and investment promotion with the United States during Prime Minister Manmohan Singh’s first official state visit to the country. One of the first agreements signed is a Traditional Knowledge Digital Library (TDKL) Access between the Council of Scientific & Industrial Research (CSIR) and […]
