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9 June

Delhi- Jaipur Expressway to be completed in next three months

The Union minister had assured that the construction of the Expressway between Delhi and Jaipur will be over by next three months. In the same respect he added that the seaplane facility in the lakes of Rajasthan on the lines of Goa and Mumbai will be initiated soon. This will ...

9 June

Action to be taken against undeclared overseas assets: Tax Authorities

News: Tax authorities will be able to initiate action against those having undeclared overseas assets even after a change in residency if these were held while being an Indian resident. New Regulations: Under the Black money and Imposition of Tax Bill, 2015, which came into effect on April 1, all ‘resident’ ...

8 June

Shell to open largest offshore delivery centre globally in Bengaluru

News: Shell, an Anglo–Dutch multinational oil and gas company is setting up its largest offshore delivery centre globally in Bengaluru. This unit will lead to generation of more than 5,000 jobs in the city. The company has decided to move its IT set-up in Malaysia, US and UK to Bengaluru. Shell has signed ...

8 June

India gets access to transit routes through Bangladesh

News: India’s long-pending request for transit rights have been met through several transport agreements and framework arrangements signed between PM Narendra Modi and Bangladeshi counterpart Sheikh Hasina. Agreement: The erstwhile Khaleda Zia regime had strong reservations against granting such rights to Delhi and as a result, access to landlocked Northeast ...

8 June

42 stalled projects get clearance by Modi Govt

News: The central government is stepping to revive the investment climate, facilitating clearances for 42 stalled projects worth Rs 1.15 lakh crore since it presented the Budget for 2015-16. Description: In last nine months only 50 pending investment plans worth Rs 1.45 lakh crore were granted green signals through the ...

7 June

Qatar is pushed to reduce the LNG prices

News: Dharmendra Pradhan, has pushed for a reduction in liquefied natural gas (LNG) prices by Qatar, to be in sync with the decline in global rates over the past one year. India buys 7.5 million tonnes a year of LNG on a long-term 25-year contract. Qatar sells LNG at a ...

7 June

Water is not a political issue: Teesta deal

Teesta Deal: The Teesta deal was set to be inked during the then Prime Minister Manmohan Singh’s visit to Bangladesh in September 2011 but was postponed at the last minute due to objections by West Bengal Chief Minister Mamata Banerjee. Teesta water is crucial for Bangladesh, especially in the leanest ...

7 June

Govt imposes anti-dumping duty on some stainless steel imports

News: The finance ministry has imposed anti-dumping duties ranging from $180 to $316 per tonne for some industrial-grade stainless steel imported from China, Malaysia and South Korea in a bid to stem surging imports and protect the domestic industry. The move comes after India’s trade ministry said in March the ...

7 June

Government Planning Incubation Centres to Boost Sector

News: The Union minister of state for micro, small and medium enterprises (MSME), Giriraj Singh announced in Coimbatore that the government plans to set up 500 incubation centres for creating skilled professionals and entrepreneurs with Rs. 200 crore investment on private-public partnership model across the country in the next one year. ...

6 June

Govt to offer subsidised power, diesel and seeds if rains fail

News: To tackle the monsoon deficiency the government of India is planning to implement certain steps which would be a help to the farmers. Based on review of actual rainfall status and if situation warrants, the ministry would approach the Cabinet Committee on Economic Affairs (CCEA) for approval for the ...

TimeLine Layout

June, 2015