| POLICY WATCH |
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Cap on firms bidding for port projects removed
| In a move to minimise litigation and maximise returns, the government has removed the cap on the number of players allowed to participate in financial bidding for port expansion projects under public private partnership (PPP). |
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Cabinet approves nutrient based fertiliser subsidy plan
| In a move that will have a positive impact on fertiliser companies, the government has approved the nutrient based fertiliser subsidy (NBS) plan, which will come into effect from April 1, 2010. |
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Infrastructure finance firms get NBFC status
| The Reserve Bank of India (RBI) has classified infrastructure finance companies (IFCs) in the category of non-banking finance company (NBFC) with a capital adequacy ratio requirement of 15 per cent. |
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| PEOPLE |
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Arshad Khan appointed MD of Bahrain exchange
| Arshad Khan has been appointed as the Managing Director and Chief Executive Officer of the Bahrain Financial Exchange (BFX), the first Multi-Asset exchange in West Asia and North Africa. |
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Obama names Indian-American Muslim as Special Envoy to Islamic world
| US President Barack Obama has appointed Rashad Hussain, an Indian-American, as Washington's special envoy to the Organization of The Islamic Conference (OIC). |
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Anand Mahindra wins E&Y 'Entrepreneur of the Year' award 2009
| Anand Mahindra, the Vice-Chairman and Managing Director of Mahindra Group, has been named the Ernst & Young Entrepreneur Of The Year 2009. |
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| ECONOMY AND ENTERPRISE |
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PM panel pegs growth at over 8% in 2010-11
| Expecting the agriculture, industrial and services sectors to perform well through the next two years, the Prime Minister's Economic Advisory Council (PMEAC), has pegged India's growth at 8.2 per cent in 2010-11 and 9 per cent in 2011-12. |
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India's business confidence index touches a two-year high in Jan 2010
| Business confidence in India has touched a two-year high in January 2010, according to the latest National Council of Applied Economic Research (NCAER)-MasterCard Worldwide Index of Business Confidence. |
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Bank credit growth at 14.83% hints at revival
| Outstanding bank credit in the 15 days up to January 29, 2010, rose by Rs 20,000 crore (US$ 4.31 billion), recording a 14.83 per cent growth compared to the same fortnight last year. This is the highest year-on-year growth in credit since August 14, 2009. |
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Computer sales surf higher on economic revival
| Overall sales in the Indian personal computer (PC) market touched 1.97 million units during October-December 2009—a 25.7 per cent year-on-year (y-o-y) growth, according to a report by the research and advisory company, IDC. |
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Air Works acquires stake in Air Livery
| Leading Indian aviation service provider, Air Works Engineering, has acquired a 85 per cent stake in the British company, Air Livery. Air Works will utilise the technical know-how of Air Livery to help airlines bring down their maintenance costs. |
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Dishman joins hands with Californian firm
| Ahmedabad-based pharmaceutical company, Dishman Pharmaceuticals and Chemicals Ltd, has entered into a strategic alliance with California-based biotechnology firm, Codexis Inc, that will allow Dishman to make use of Codexis' proprietary enzymatic biocatalysis technology. |
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M&M ties up with Mitsubishi for farm equipment
| India's largest tractor manufacturer, Mahindra & Mahindra (M&M), has signed a technical licence agreement with Mitsubishi Agricultural Machinery Co Ltd, Japan, for transfer of agricultural machinery technology. |
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Netxcell forms JV with African firm
| India-based value added service (VAS) provider for mobile companies, Netxcell, has joined hands with Africa-based AquaSanTec Limited to form a joint venture (JV) company, Netxcell Mauritius Limited (NML), to target Africa's mobile telephone market. |
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The Indian information technology (IT) market is expected to grow at around 15.5 per cent in 2010 on the back of growing investor confidence and favourable initiatives taken by the government, according to a study by Springboard Research.
By mid-2011, the IT services secor is expected to record double-digit growth according to research and advisory agency, Gartner, Inc. |
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"India is going to be a substantial revenue generator."
Sir Stuart Rose
Non-executive Chairman
Marks & Spencer |
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| India's first international cycling event that aims to raise the profile of the sport in the country and promote healthy living was recently held at Mumbai, Maharashtra. |
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SUSTAINABLE DEVELOPMENT |
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Govt steps up drive to make office buildings green
| The government has stepped up its drive to make office buildings green with the construction of Indira Paryavaran Bhawan and the setting up of the Green Rating for Integrated Habitat Assessment (Griha), a rating agency which will approve a building as green under certain parameters. |
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State approves solar power projects of 230 Mw
| The state level technical committee (STC), headed by the secretary, science and technology (S&T) department of the Government of Orissa, has cleared eight more solar power projects with an aggregate power generation of 230 mega watts (MW). |
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Green restaurants proposed in Uttarakhand
| Uttarakhand plans to set up a series of green restaurants to promote the cuisines of the hill state. The Uttarakhand Organic Commodity Board (UOCB), a state government society, will facilitate the setting up of such restaurants, keeping in view the vast scope for tourism. |
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