Page-6 of Current Affairs - September, 2012

Government changes sourcing norms for single-brand retail FDI

In the area of single-brand retail, any firm seeking waiver of the mandatory 30% local sourcing norms would have to establish a manufacturing facility in the country. For new investors, local sourcing was one of the key impediments that had hitched the entry of new investment. Foreign retail chains putting in more than 51% via ..

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Government approval to stake sales in four state companies

To further divestment programme, Govt of India cleared stake sales in four state-run companies. The move is expected to give a fillip to the reform agenda. The cabinet approved stake sales in: Hindustan Copper Ltd National Aluminium Co Ltd MMTC Ltd Oil India Ltd. The govt targets to generate 300 billion rupees through share sales ..

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Union Cabinet permits 51% FDI in multi-brand retail and 49% FDI in Aviation

Cabinet allowed 51% FDI in multi-brand retail and also 49% FDI in the aviation domain. But the Govt left it to the state governments to allow establishment of multi-brand retail stores. FDI limit on various streams of broadcast services has also been raised by up to 74%.

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Kerala unveils Emerging Kerala initiative

Kerala launched Emerging Kerala initiative to attract investments from UAE and to tap the business opportunities from the gulf region. It focuses Indian diaspora in the mid- East as more than 90 % of the emigrant Keralites live in the gulf region. As on  March 31, 2012 an estimated Rs 484 billion has been parked ..

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India, Myanmar and Thailand decided to implement Trilateral Connectivity Project by 2016

India, Myanmar and Thailand reviewed the Trilateral Connectivity Project and decided to put all efforts to establish it by 2016. What is Trilateral Connectivity Project? It is a trilateral highway construction project that aims to connect India, Myanmar and Thailand. The idea was conceived at the trilateral ministerial meeting on transport linkages in Yangon in ..

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