Search Result for : Delhi

The Dollar Business Bureau Former Governor of Bihar and National Democratic Alliance's (NDA's) Presidential nominee Ram Nath Kovind will become the 14th President of India. He will succeed the incumbent President Pranab Mukherjee, whose tenure is completing on July 25. Kovind obtained 65.65% of votes from the Electoral College, while his opponent, joint Opposition nominee Meira Kumar got just 34.35%. “Kovind secured 2930 votes with a value of 7,02,044. Meira Kumar got 1,844 votes with the value of 3,67,314, and 77 votes were invalid,” informed Anoop Mishra, the returning officer for Presidential Election 2017. Prime Minister Narendra Modi congratulated Kovind for his win. “Gladdened by the extensive support for Ram Nath Kovind Ji among MPs and across various states,” Modi said.  Kovind got votes of 522 ...

The Dollar Business Bureau Due to adverse weather conditions, the production of mangoes declined around 70% and mango cultivators have suffered huge losses in Uttar Pradesh this year. Therefore, the exports of ‘king of fruits’ would likely to go down from the state. “This year mango production will be between 10 lakh tonnes to 15 lakh tonnes only. There is 70% drop in mango production as compared to previous year,” Insram Ali, President of All India Mango Growers Association (AIMGA) told PTI. Due to low output, the exports of mango from Uttar Pradesh are also negligible as the growers are unable to export it, Ali said. “Though some growers are exporting it, but overall exports of the fruit will be quite less, he added. “There ...

The Dollar Business Bureau Jayant Sinha, the Union minister for Civil Aviation proposed the Ude Desh ka Aam Nagrik (UDAN) scheme that would connect the smaller towns across the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region. Adding that such a move will be similar on the lines of the Open Sky Agreement that India enjoys with the SAARC countries, he said, "We can sign an MoU with different countries to be able to provide support for an UDAN-type scheme across the BIMSTEC community. Of course, we will have to couple that with something like an Open Sky Agreement so that airlines can fly freely," Sinha told reporters. Under the Open Sky Agreement (OSA), signed in 2016, New ...

By Ranjeet Mahtani and Sweta Rajan The 12th GST Council meeting on March 16, 2017, proved to be monumental with the Council approving the State GST and Union Territory GST laws. With this, all GST legislations viz. the Central GST, Integrated GST, State GST, Union Territory GST and the GST Compensation laws have been approved by the GST Council. After the Cabinet takes up these laws (except the State GST draft), the next step is the passage of the laws by the Parliament (Central GST law, Integrated GST law, Union Territory GST law and the GST Compensation law) and the respective States (State GST law) and Union Territories (viz. Delhi and Pondicherry).  Prior to transition to GST – a game changer of a reform - the GST Council has two more crucial responsibilities, viz. approval of rules and regulations regarding: a) composition scheme, transition, input tax credit and valuation, ...

The Dollar Business Bureau Delhi clocked the highest per capita income growth among all states and union territories in 2015-16, as the income grew by 13% or Rs.28,000 to reach about Rs.2,80,000. The capital’s last year average per capita income is closely trailed by Chandigarh and Sikkim, with their per capita income of Rs.2,42,386 and Rs.2,27,465, respectively during the year. Delhi’s current figure stands at three times the national average last year, according to the latest official data released on Thursday. According to a statistical handbook released by Delhi’s Deputy Chief Minister Manish Sisodia, Delhi's last year’s per capita income figure was Rs.2,52,011. "(The) Deputy Chief Minister informed that the per capita income of Delhi is 2,80,142 during 2015-16 (at current prices). It has ...

The Dollar Business Bureau UK-based travel company Trafalgar expects to achieve about 20% growth in India this year. “India is the fastest growing country for us in Asia, and since last two years we have been witnessing double digit growth from this market. This financial year (January-December) we are expecting 19-20% growth,” Trafalgar (Asia) President Nicholas Lim said. The company, which has already completed three years in the country, earns 12-15% of its total revenue from India. Lim said several factors such as 60% repeat clientele in India, insider experiences, premium clientele, superior services and word of mouth have contributed to the company’s unparallel success in the country. “India, which contributes 12-15% to the overall revenue of the company, is a focus market for ...

The Dollar Business Bureau The National Highway Authority of India (NHAI) on Friday said the 96-km Delhi-Meerut Expressway (DME) is likely to be operational by March 2018. NHAI Chairman Raghav Chandra on Friday visited project sites and assured developers of full support in resolving all bottlenecks for its early completion.  In December 2015, Prime Minister Narendra Modi had laid the foundation stone of the DME road project, which was aimed at easing congestion in the national capital region (NCR) and augmenting Western UP economy, but more importantly reducing traffic snarls on the existing highway.  Striking a similar chord, Chandra said, “Nationa Highway Authority of India(NHAI) is fully geared up for resolving the site specific issues, and all necessary facilitation is being given to concessionaires for expediting ...

Jasleen Kaur | The Dollar Business Electronic and computer software division of the Export Promotion Council (ESC) organised the 2nd edition of India Electronic Expo on 17-18 March,2016 in New Delhi.Many top Indian electronics companies along with companies from various countries participated and displayed their products in the event. The event was also attended by The Dollar Business in Delhi. When asked about the experience of participating in this event, Ashutosh Agarwal, Tesca Technologies Pvt. Ltd., Jaipur said, “This is a wonderful event organised by ESE. The staff here are very cooperative and supportive. This is the second show and the show is growing in terms of its popularity and in terms of visitors coming to see it. I also see a lot of ...