May 30, 2016 at 10:34 | Source: PTI
Himachal is emerging as one of thefavourite destination for investors and the state levelsingle window clearance and monitoring authority has approved247 proposals during the past three years, an official claimedtoday.Out of these, 91 of them are new proposals with aninvestment of Rs 8852.22 crore whereas 152 of them areexpansion proposal involving an investment of Rs 3720.28crores, an official spokesperson said.These combined proposals would draw an investment of Rs12,571.83 crore and provide employment opportunities to24,760 people, he said.To fast track the process, the government has introduceda common application for seeking approval of setting upindustries in the state.The authority through this common application form is nowaccording approvals within a period of 45 days.Himachal Bureau of Investment was also established in thestate for speedy clearances of new investments to woo theinvestors. The focus would be on horticulture, industries andagriculture.He said that the entrepreneurs in the state are beingprovided incentives under "Chief Minister Start-up/NewIndustries Scheme" which is not only attracting newinvestments but also motivating the entrepreneurs to expandtheir existing units.All the new enterprises in the state would now berequired to submit only self-certified documents and all thedepartments would issue provisional registration within 15days from submission of the documents, he said.Land would be provided at concessional rate in theindustrial areas to the industries providing employment to 100people of the state.The State Government has decided to establish incubationcentres in premier institutions in the state to support thestart up for which manufacturing sector would also be entitledfor purchase preference by Government of HimachalPradesh/Public Sector Undertakings, the spokesperson said.Further, the state government has decided that all theindustries which employ at least 5 persons and take loan frombanks would be provided interest subvention at the rate of 4per cent up to a loan of Rs 10 lakh for three years.The state government has also decided that stamp duty forregistration of land for new industries would be charged atthe rate of three percent only.In order to facilitate environment friendly industries,Green and Orange category industries would be established indesignated industrial areas which do not requireenvironment clearance and granted consent to establish onself-certification without any prior inspection..
May 29, 2016 at 23:41 | Source: CNBC-TV18
Tata Motors standalone loss may get narrowed significantly to Rs 109 crore from Rs 1,164 crore YoY but revenue is seen rising 17 percent to Rs 12,589 crore in Q4 due to a 19 increase in commercial vehicle segment.
May 28, 2016 at 12:24 | Source: PTI
"Just look at the level of their corruption. The corruption was everywhere -- in 'aakash', 'patal' and 'zameen' (in air, beneath the earth and on land). They did corruption in air through AgustaWestland scam, on land through 2G scam and beneath the earth through the coal scam," Prasad said.
May 28, 2016 at 12:24 | Source: PTI
The deviations would be permitted on "as is, where is" basis provided 30 percent space is available as per the requirement of set-backs and the applicants would have to apply within 45 days from the date of promulgation of the Ordinance and the buildings constructed on government or Municipal lands would not be regularised.
May 27, 2016 at 15:01 | Source: Moneycontrol.com
Binny Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 27, 2016, has considered and approved the proposal of the Company, to purchase 50 cents (21,800 sq.ft.) of land along with building at Valasaravakkam, Chennai, from M/s. Malgudi Township Developers, Chennai, for a consideration of Rs.20 Crores.
May 27, 2016 at 12:30 | Source: PTI
As an outspoken RBI Governor, Rajan has expressed his views on host of issues, including intolerance and has even described India as 'one-eyed king' in the land of blind in reference to the country's high economic growth.
May 26, 2016 at 20:56 | Source: PTI
It had posted a net loss of Rs 152.78 crore in the year- ago period, Emaar MGF said in a regulatory filing.
May 26, 2016 at 19:28 | Source: PTI
India's economic growth will accelerate to 8 percent by 2018-19 fiscal as gradualimplementation of structural reforms will contribute to higher growth, Fitch said on May 26
May 26, 2016 at 15:50 | Source: Moneycontrol.com
Indsil Hydro Power and Manganese Ltd has informed BSE that the Company is planning to take on lease part of the land and the entire plant and Machinery of its subsidiary Sree Mahalakshmi Smelters Private Limited, subject to approvals, if any.
May 25, 2016 at 20:32 | Source: Moneycontrol.com
Infra Industries in its meeting held on May 25, 2016, has transacted the Business and consented to discontinue its manufacturing operations in the Land and Building located at Survey No. 147/2B & 147/3 GST Road. Pukkathurai Village Madurantakam Taluk, Kancheepuram - 603308 and to shift all the machinery and moulds existing in the said premises.