Yet another satellite to be launched by India on May 5
The Dollar Business Bureau Come Friday, and India will launch a Satellite from the Sriharikota base. The South Asian Satellite is intended to be used for the South Asian Association of Regional Cooperation (SAARC). It will be launched on 5th May, the Prime Minister informed listeners during his Mann ki Baat Radio address on Sunday and the facilities it would offer to the region. Modi referred to the satellite as one in line with the inclusive development-spirit of the ‘Sabka Saath, Sabka Vikas’ concept. He was quoted in the official PMO website as saying, “It (Sabka Saath, Sabka Vikas) is not limited to the confines of India. It applies to the global context too. And very specially to our neighbouring countries. May our neighbouring countries ...
Review Of Foreign Direct Investment Policy On Various Sectors
Dated 24th November, 2015 | Copy of | Press Note No.12 (2015 Series) | Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-1 Section) Subject: Review of Foreign Direct Investment (FDI) policy on various sectors The Government of India has reviewed the extant FDI policy on various sectors and made following amendments in the Consolidated FDI Policy Circular of 2015 (FDI Policy), effective from May 12, 2015, and as amended from time to time. 2 After para 2.1.25 of the FDI Policy, following definition of the term 'Manufacture' is added: 2.1.25 bis: "Manufacture", with its grammatical variations, means a change in a non-living physical object or article or thing- (a) resulting in transformation of the object or article or thing into ...
Review of FDI policy Sector Specific conditions- Railway Infrastructure
Dated 8th December, 2014 | RBI/2014-15/341 | A.P. (DIR Series) Circular No.47 | Foreign Direct Investment (FDI) in India – Review of FDI policy – Sector Specific conditions- Railway Infrastructure Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Annex A and Annex B of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time. In terms of Annex A of Schedule 1 to the Notification ibid, Foreign Direct Investment (FDI) is prohibited in activities / sectors not open to private sector investment e.g. Atomic Energy and Railway Transport (other ...
