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Steps taken by the DHI to Revive/Restructure ITS Sick/Loss Making CPSEs

There are 17 Central Public Sector Enterprises (CPSEs) under the Department of Heavy Industries (DHI), Government of India, which are incurring losses. The Ministry’s approach in such cases is to restructure/ revive these PSEs to reduce the sick and ...

Electronics Manufacturing Clusters Scheme to provide world-class infrastructure

The Union Cabinet today approved the proposal to offer financial support for the development of Electronics Manufacturing Clusters (EMCs) as these EMCs would aid the growth of the Electronics Systems Design and Manufacturing (ESDM) sector, help development of entrepreneurial ecosystem, ...

Export Stood at US $ 25.68 Billion in May 2012 Trade Deficit Contracts in May

India’s exports for the month of May 2012 registered a decline of (-) 4.16%, at US $ 25.68 billion compared to May 2011 when it stood at US $ 26.79 billion. During May 2012, the imports were US $ 41.9 ...

Increasing Industrial Package for Industries in Assam

Operational From 1st April,Government of Assam has requested for extending industrial package to food processing industries. ...

Share of States in Development of Textile Industry/Sector

The Union Government collects textiles statistics on the production of cloth and yarn State-wise in the country. Andhra Pradesh with 164 Cotton/Man-made Fibre Mills is the 3rd largest textiles manufacturing State in the country after Tamil Nadu and Maharashtra ...

India, China may face economic downturn in coming months: OECD

India and China, besides some developed countries, may face economic downturn in the coming months, according to an analysis by OECD – a grouping of mostly advanced nations.It also said the global economic growth is slowing down. The latest reading ...

Reverse Exodus

In March, Dhananjay Datar, promoter of the $50 million United Arab Emirates-based Al Adil Trading Co., celebrated the 25th anniversary of his business. He hired a Boeing 737 and circled Dubai for several hours as 50 guests popped champagne and ...

In March, Dhananjay Datar, promoter of the $50 million United Arab Emirates-based Al Adil Trading Co., celebrated the 25th anniversary of his business. He hired a Boeing 737 and circled Dubai for several hours as 50 guests popped champagne and ate cake. After touchdown, he presented his wife, Vandana, with a $2 million Rolls Royce Phantom.

Around the same time, other Boeing 737s were ferrying laid-off Indian workers back from Dubai to Thiruvananthapuram, Kozhikode and Kochi, principal cities in the southern Indian state of Kerala. They hope to return, but at the moment it doesn’t seem likely.

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Some 200,000 to 500,000 Keralites working in the Gulf are likely to return home by midyear, state finance minister T.M. Thomas Isaac told the State Assembly recently. This is a considerable chunk of the estimated two million-plus Keralites working abroad, nearly 90% of them in the Gulf. The 2001 census put Kerala’s population at 31.8 million. Non-resident Keralites (NRKs) send back close to $8 billion in remittances annually, more than double the state’s tax revenues. The impact of the reverse exodus — both economically and socially — could be devastating, according to experts.

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Nasscom says IT growth wave expected in Gujarat

State of Gujarat may see a boom in the IT sector in coming years, this was stated by Mr Som Mittal President of Nasscom in the IT-summit-2010 held at ahmedabad in gujarat. There is a higher probability of few big ...

End tax breaks to stop overseas hiring: Obama

US President Barack Obama is renewing his call for Congress to close tax breaks that reward some U.S. companies with overseas subsidiaries, a proposal that has raised concerns among some lawmakers in the president's own party.In his weekly radio and ...

Obama India visit: Indian jet deal may create 27,000 jobs in US

WASHINGTON: The Obama Administration is eyeing on the lucrative multi-billion dollar tender for medium multi-role combat aircraft of Indian Air Force as this has the potential to create a whooping 27,000 jobs in the US.At a time, when unemployment rate ...
"These common values and our increasingly convergent interests have driven an unprecedented transformation in Indo-US relations in just one decade.

After the Cold War, President Bill Clinton seized upon India's rapid economic emergence and liberalisation to lay the foundation for this transformation through his iconic five-day trip to India in the year 2000," Blake said.

"The Bush Administration built upon the Clinton legacy, with the US-India Civil Nuclear Deal - a landmark achievement for both of our countries.

Today, the wide scope and the intensity of our bilateral engagement is unprecedented and yet still growing," he said.

"President Obama had called India our "indispensable" partner for the 21st century.

That's why the President and Secretary Clinton are now forging a new strategic partnership with India that will help shape the 21st century," Blake said.

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