Delhi’s new industrial policy to be unveiled by August

October 6th, 2009 CHANDIGARH - Punjab's scheduled and unscheduled power cuts may have made people weary but the state government Tuesday announced Punjab's new industrial policy, lining up a slew of concessions to attract investment in the state. The new industrial policy, the seventh announced by the Punjab government since 1978, was approved by the cabinet here.

October 5th, 2009 NEW DELHI - Union Minister of Commerce and Industry Anand Sharma will address the National Seminar on "Industrial Productivity for Inclusive Growth" here today. The seminar is being organized by the National Productivity Council, Department of Industrial Policy and Promotion, the Ministry of Commerce and Industry.

September 29th, 2009 MUMBAI - Choices with regards to policy changes like revision of monetary policy are becoming increasingly "complex" for India's central bank as signs of economic recovery continue to be tentative even while inflation firms up, a top bank official said. "The policy choices are becoming increasingly complex for the RBI, as signs of recovery in growth are still tentative, whereas inflation is clearly firming up," said Reserve Bank of India (RBI) Deputy Governor K.C.

September 16th, 2009 Summary Box: Industrial production rose last monthMORE GROWTH, NO INFLATION: Government data show the nation's factories, mines and utilities boosted production for the second straight month in August, the latest sign of an economic recovery. At the same time, inflation remains in check.

September 16th, 2009 Industrial production better than expected in Aug.WASHINGTON — Industrial companies boosted production more than expected in August, making more cars, clothing and other goods in the early stages of a broad economic recovery. The Federal Reserve said Wednesday that output at the nation's factories, mines and utilities rose 0.8 percent in August.

September 11th, 2009 BEIJING - China's industrial output accelerated 12.3 percent in August from a year earlier, after gaining 10.8 percent in July, the National Bureau of Statistics said Friday. The August growth rate was 0.5 percentage points lower than the growth figure for the like month last year, but 1.5 percentage points up from July.

August 15th, 2009 NEW DELHI - Despite rains spoiling the mood of kite lovers in the morning, colourful kites dotted the skyline of the national capital rest of the day, as residents took to the sport to celebrate country's 63rd Independence Day on Saturday. Kite flying has traditionally been an entertainment in the country and people of all ages see it as the best medium to celebrate the national day.

July 28th, 2009 MUMBAI - Following are the highlights of the first quarterly update of India's monetary policy for this fiscal, unveiled by Reserve Bank of India Governor D. Subbarao here Tuesday: * Bank rate retained at 6 percent * Repo rate unchanged at 4.75 percent * Reverse repo rate unchanged at 3.25 percent * Cash reserve ratio unchanged at 5 percent * Statutory liquidity ratio unchanged at 24 percent * Inflation forecast hiked to 5 percent from 4 percent * Negative inflation only a statistical phenomenon * Balance between liquidity and inflation main concern * India's growth now forecast at 6 percent with upward bias * More scope for cutting rates by commercial banks * Money supply may grow 18 percent this fiscal * Policy will ensure enough commercial credit

July 18th, 2009 NEW DELHI - India's new foreign trade policy will be unveiled next month and will focus on diversifying the country's merchandise exports to untapped markets, Commerce Minister Anand Sharma said Saturday. "We will look at diversification," Sharma told reporters here, after a meeting with representatives of the Confederation of Indian Industry (CII), kicking off the deliberations with stakeholders ahead of formulating the new foreign trade policy.

July 13th, 2009 CHENNAI - The Tamil Nadu government is developing country-specific industrial parks to attract investments from business units located in those countries. According to the Industries Department policy note submitted by Deputy Chief Minister M.K.

July 10th, 2009 India's industrial production up 2.7 pct in MayMUMBAI, India — India's industrial production rose 2.7 percent in May, the government said Friday, the largest gain since October, fueling hopes that Asia's third-largest economy may be on the road to recovery. The government also revised industrial output growth for April from 1.4 percent to 1.2 percent.

July 9th, 2009 KATHMANDU - The Nepal government said it would seek better ties with neighbours India and China, as it unveiled policies and programmes for the current financial year Thursday. A 27-page document, presented in parliament by President Ram Baran Yadav, said foreign policy would be conducted "on the principles of the UN Charter, Panchasheela, and Non-alignment keeping national interest on the top".

April 7th, 2009 KOLKATA - The Confederation of Indian Industry (CII) is preparing a report on land acquisition norms to help the government come up with a uniform policy, protecting the interests of both the industrial and the agricultural sectors. 'There should be transparent land bank available in every state for the purpose of industrial set-up so that the government can assure of continuous tract of land for industrialisation,' CII president Venu Srinivasan told reporters here Tuesday.

January 19th, 2009 RAIPUR - The Bharatiya Janata Party (BJP) government in Chhattisgarh will take the help of the corporate sector in drafting a new industrial policy, it said Tuesday. 'I have started working on a draft of the new industrial policy for the next five years and I have decided to hold separate discussions with experts, industrialists and industry bodies such as CII (Confederation of Indian Industry) and Ficci (Federation of Indian Chambers of Commerce and Industry),' Chief Minister Raman Singh told IANS.

January 4th, 2009 AHMEDABAD - Gujarat is aiming to achieve an annual industrial growth of 14.5 to 15 percent for the next five years, Minister of State for Industry and Energy Saurabh Patel said Monday. 'The Planning Commission has set a growth target of 11.2 percent for Gujarat in the next five years.