Govt plans social security scheme for unorganised workers
The finance ministry is working on a comprehensive social security insurance scheme for lakhs of workers in the unorganised sector, wherein majority share of the premium would be shared by the govt."The scheme seeks to provide life, health and retirement pension schemes under one cover. Through this we are trying to extend insurance penetration to rural areas and millions of unorganised sector labourers."
The ministry is also considering bringing on board various government flagship healthcare and insurance schemes -- National Rural Health Mission (NRHM), Rashtriya Swasthya Bima Yojana (RSBY) and Aam Admi Bima Yojana under the cover.
He said Life Insurance Corporation (LIC) and the four PSU general insurance companies would manage the corpus, wherein the premium would be shared among central and state governments and the beneficiary.
"We are yet to decide on the ratio of premium sharing. Anyway, the government would bear maximum share of the premium under the cover," he said, adding that private sector players could also come forward and join the scheme.
The scheme would be structured in a way so as to have central record-keeping agency (CRA) to maintain individual details.
The plan is part of the ministry's financial inclusion drive to reach out to the poor workers.India, Nepal ink Double Taxation Avoidance Agreement
India and Nepal have signed a revised Double Taxation Avoidance Agreement (DTAA), which will facilitate exchange of information on banking between the two countries and help prevent tax evasion.The revised tax treaty was signed by Finance Minister Pranab Mukherjee and his Nepalese counterpart Barshaman Pun in Kathmandu on Sunday.
It will replace an earlier agreement signed between the two countries in 1987. The agreement is also likely to boost confidence of investors and help Nepal attract more investment from India.
India is the biggest source of foreign investments in Nepal, as also its largest trading partner.
However, Nepal accounts for only 0.44 per cent of India’s total trade.
The bilateral trade between the two nations has increased from US Dollar 1.98 billion in 2009-10 to around US Dollar 2.70 billion in 2010-11, registering an increase of 37 per cent.
Indian firms are the biggest investors in Nepal accounting for about 47.5 per cent of total approved foreign direst investment.
Till date India has signed DTAA with 81 countries and Tax Information Exchange Agreements (TIEAs) with five jurisdictions. It has concluded negotiations with 17 jurisdictions for signing of TIEA.
Of the 81 DTAAs, 75 do not have specific paragraph for exchange of banking information. All these 75 DTAAs have been picked up for renegotiation. Renegotiations have been completed in 22 cases.
Indians world's 2nd most confident about economy
Indians have emerged as the second most confident people about their economy, across the world, on account of higher consumption and increased foreign investment, according to a report by research firm Ipsos.The report said that India's economic confidence grew by 6 points to 75 per cent in the month of October compared to the previous month, becoming the second most economically confident country after Saudi Arabia.
"The Indian economy has been well insulated from global economic conditions as it has been fueled by domestic consumption and the increased FDI into the country. Our economy has remained steady at a robust 8.1 per cent and this positive consumer sentiment is seen reflected in our survey," Ipsos India Managing Director Mick Gordon said.
The report, which examined citizens' assessment of the current state of their country's economy, said that the overall global average economic confidence was down by one point to 38 per cent last month.
In terms of gains, two countries-- India and South Africa-- gained maximum economic confidence by five points and six points, respectively.
Individually, Saudi Arabia experienced a six-point drop to 83 per cent but continued to hold its pole position, followed by India (75 per cent), Sweden (69 per cent), Canada (66 per cent ) and China (65 per cent).
The countries at the bottom of the heap were -- Hungary which lost two points and was at 2 per cent, Spain gained 2 points but was low at 5 per cent, Japan further lost two points to stood at 6 per cent, France lost 1point and was at 6 per cent and Italy was unchanged at 8 per cent.
The global aggregate national assessment was dragged by Europe, which was down 2 points to 24 per cent), North America (40 per cent).
In fact, all the regions have reported declining national economic assessments - the Middle East and Africa was down 2 points to 60 per cent, Asia Pacific dropped by 1 points to 41 per cent. However, Latin America experienced no change in October and stood at 46 per cent.
Looking ahead, 24 per cent global citizens surveyed said their local economy would be stronger six months from now, which was unchanged since August 2011.
The natives of Brazil are the quite optimistic about about the state of their economy in the next six months, followed by India and Saudi Arabia.
The survey was conducted in October among 18,682 people in 24 countries such as Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the US.
Indo-Russia Defence Deals
The partnership between India and Russia in the defence sector is long standing and continues to be progressed on the basis of the mutual interests of both sides.The proposed joint development and production of the Multi Role Transport Aircraft is one of the joint projects currently under progress for which an InterGovernmental Agreement was signed on 12th November, 2007. A Joint Venture Company viz. Multi-role Transport Aircraft Limited (MTAL) has been incorporated in India in December, 2010 for implementation of this project.
No defence deal was signed during the visit of the Russian President to India in December, 2010.
Flood protection Project for Nagpur approved
Govt plans social security scheme for unorganised workers
The finance ministry is working on a comprehensive social security insurance scheme for lakhs of workers in the unorganised sector, wherein majority share of the premium would be shared by the govt.
"The scheme seeks to provide life, health and retirement pension schemes under one cover. Through this we are trying to extend insurance penetration to rural areas and millions of unorganised sector labourers."
The ministry is also considering bringing on board various government flagship healthcare and insurance schemes -- National Rural Health Mission (NRHM), Rashtriya Swasthya Bima Yojana (RSBY) and Aam Admi Bima Yojana under the cover.
He said Life Insurance Corporation (LIC) and the four PSU general insurance companies would manage the corpus, wherein the premium would be shared among central and state governments and the beneficiary.
"We are yet to decide on the ratio of premium sharing. Anyway, the government would bear maximum share of the premium under the cover," he said, adding that private sector players could also come forward and join the scheme.
The scheme would be structured in a way so as to have central record-keeping agency (CRA) to maintain individual details.
The plan is part of the ministry's financial inclusion drive to reach out to the poor workers. India, Nepal ink Double Taxation Avoidance Agreement
India and Nepal have signed a revised Double Taxation Avoidance Agreement (DTAA), which will facilitate exchange of information on banking between the two countries and help prevent tax evasion.
The revised tax treaty was signed by Finance Minister Pranab Mukherjee and his Nepalese counterpart Barshaman Pun in Kathmandu on Sunday.
It will replace an earlier agreement signed between the two countries in 1987. The agreement is also likely to boost confidence of investors and help Nepal attract more investment from India.
India is the biggest source of foreign investments in Nepal, as also its largest trading partner.
However, Nepal accounts for only 0.44 per cent of India’s total trade.
The bilateral trade between the two nations has increased from US Dollar 1.98 billion in 2009-10 to around US Dollar 2.70 billion in 2010-11, registering an increase of 37 per cent.
Indian firms are the biggest investors in Nepal accounting for about 47.5 per cent of total approved foreign direst investment.
Till date India has signed DTAA with 81 countries and Tax Information Exchange Agreements (TIEAs) with five jurisdictions. It has concluded negotiations with 17 jurisdictions for signing of TIEA.
Of the 81 DTAAs, 75 do not have specific paragraph for exchange of banking information. All these 75 DTAAs have been picked up for renegotiation. Renegotiations have been completed in 22 cases.
India had already signed a revised tax agreement with Switzerland. Under this pact, both the countries would share banking and tax-related information with each other.
Indians world's 2nd most confident about economy
Indians have emerged as the second most confident people about their economy, across the world, on account of higher consumption and increased foreign investment, according to a report by research firm Ipsos.
The report said that India's economic confidence grew by 6 points to 75 per cent in the month of October compared to the previous month, becoming the second most economically confident country after Saudi Arabia.
"The Indian economy has been well insulated from global economic conditions as it has been fueled by domestic consumption and the increased FDI into the country. Our economy has remained steady at a robust 8.1 per cent and this positive consumer sentiment is seen reflected in our survey," Ipsos India Managing Director Mick Gordon said.
The report, which examined citizens' assessment of the current state of their country's economy, said that the overall global average economic confidence was down by one point to 38 per cent last month.
In terms of gains, two countries-- India and South Africa-- gained maximum economic confidence by five points and six points, respectively.
Individually, Saudi Arabia experienced a six-point drop to 83 per cent but continued to hold its pole position, followed by India (75 per cent), Sweden (69 per cent), Canada (66 per cent ) and China (65 per cent).
The countries at the bottom of the heap were -- Hungary which lost two points and was at 2 per cent, Spain gained 2 points but was low at 5 per cent, Japan further lost two points to stood at 6 per cent, France lost 1point and was at 6 per cent and Italy was unchanged at 8 per cent.
The global aggregate national assessment was dragged by Europe, which was down 2 points to 24 per cent), North America (40 per cent).
In fact, all the regions have reported declining national economic assessments - the Middle East and Africa was down 2 points to 60 per cent, Asia Pacific dropped by 1 points to 41 per cent. However, Latin America experienced no change in October and stood at 46 per cent.
Looking ahead, 24 per cent global citizens surveyed said their local economy would be stronger six months from now, which was unchanged since August 2011.
The natives of Brazil are the quite optimistic about about the state of their economy in the next six months, followed by India and Saudi Arabia.
The survey was conducted in October among 18,682 people in 24 countries such as Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the US.
The report said that India's economic confidence grew by 6 points to 75 per cent in the month of October compared to the previous month, becoming the second most economically confident country after Saudi Arabia.
"The Indian economy has been well insulated from global economic conditions as it has been fueled by domestic consumption and the increased FDI into the country. Our economy has remained steady at a robust 8.1 per cent and this positive consumer sentiment is seen reflected in our survey," Ipsos India Managing Director Mick Gordon said.
The report, which examined citizens' assessment of the current state of their country's economy, said that the overall global average economic confidence was down by one point to 38 per cent last month.
In terms of gains, two countries-- India and South Africa-- gained maximum economic confidence by five points and six points, respectively.
Individually, Saudi Arabia experienced a six-point drop to 83 per cent but continued to hold its pole position, followed by India (75 per cent), Sweden (69 per cent), Canada (66 per cent ) and China (65 per cent).
The countries at the bottom of the heap were -- Hungary which lost two points and was at 2 per cent, Spain gained 2 points but was low at 5 per cent, Japan further lost two points to stood at 6 per cent, France lost 1point and was at 6 per cent and Italy was unchanged at 8 per cent.
The global aggregate national assessment was dragged by Europe, which was down 2 points to 24 per cent), North America (40 per cent).
In fact, all the regions have reported declining national economic assessments - the Middle East and Africa was down 2 points to 60 per cent, Asia Pacific dropped by 1 points to 41 per cent. However, Latin America experienced no change in October and stood at 46 per cent.
Looking ahead, 24 per cent global citizens surveyed said their local economy would be stronger six months from now, which was unchanged since August 2011.
The natives of Brazil are the quite optimistic about about the state of their economy in the next six months, followed by India and Saudi Arabia.
The survey was conducted in October among 18,682 people in 24 countries such as Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the US.
Indo-Russia Defence Deals
The partnership between India and Russia in the defence sector is long standing and continues to be progressed on the basis of the mutual interests of both sides.
The proposed joint development and production of the Multi Role Transport Aircraft is one of the joint projects currently under progress for which an InterGovernmental Agreement was signed on 12th November, 2007. A Joint Venture Company viz. Multi-role Transport Aircraft Limited (MTAL) has been incorporated in India in December, 2010 for implementation of this project.
No defence deal was signed during the visit of the Russian President to India in December, 2010.
The proposed joint development and production of the Multi Role Transport Aircraft is one of the joint projects currently under progress for which an InterGovernmental Agreement was signed on 12th November, 2007. A Joint Venture Company viz. Multi-role Transport Aircraft Limited (MTAL) has been incorporated in India in December, 2010 for implementation of this project.
No defence deal was signed during the visit of the Russian President to India in December, 2010.
Flood protection Project for Nagpur approved
Upon completion the proposed works would minimize inundation of urban area and agriculture fields of Katol town as a result in checking annual damage to infrastructure and agriculture land to the extent of Rs. 7.21 crore. The proposed scheme is likely to benefit an area of 28 ha. of fertile agricultural land.
Govt plans social security scheme for unorganised workers
The finance ministry is working on a comprehensive social security insurance scheme for lakhs of workers in the unorganised sector, wherein majority share of the premium would be shared by the govt.
"The scheme seeks to provide life, health and retirement pension schemes under one cover. Through this we are trying to extend insurance penetration to rural areas and millions of unorganised sector labourers."
The ministry is also considering bringing on board various government flagship healthcare and insurance schemes -- National Rural Health Mission (NRHM), Rashtriya Swasthya Bima Yojana (RSBY) and Aam Admi Bima Yojana under the cover.
He said Life Insurance Corporation (LIC) and the four PSU general insurance companies would manage the corpus, wherein the premium would be shared among central and state governments and the beneficiary.
"We are yet to decide on the ratio of premium sharing. Anyway, the government would bear maximum share of the premium under the cover," he said, adding that private sector players could also come forward and join the scheme.
The scheme would be structured in a way so as to have central record-keeping agency (CRA) to maintain individual details.
The plan is part of the ministry's financial inclusion drive to reach out to the poor workers. India, Nepal ink Double Taxation Avoidance Agreement
India and Nepal have signed a revised Double Taxation Avoidance Agreement (DTAA), which will facilitate exchange of information on banking between the two countries and help prevent tax evasion.
The revised tax treaty was signed by Finance Minister Pranab Mukherjee and his Nepalese counterpart Barshaman Pun in Kathmandu on Sunday.
It will replace an earlier agreement signed between the two countries in 1987. The agreement is also likely to boost confidence of investors and help Nepal attract more investment from India.
India is the biggest source of foreign investments in Nepal, as also its largest trading partner.
However, Nepal accounts for only 0.44 per cent of India’s total trade.
The bilateral trade between the two nations has increased from US Dollar 1.98 billion in 2009-10 to around US Dollar 2.70 billion in 2010-11, registering an increase of 37 per cent.
Indian firms are the biggest investors in Nepal accounting for about 47.5 per cent of total approved foreign direst investment.
Till date India has signed DTAA with 81 countries and Tax Information Exchange Agreements (TIEAs) with five jurisdictions. It has concluded negotiations with 17 jurisdictions for signing of TIEA.
Of the 81 DTAAs, 75 do not have specific paragraph for exchange of banking information. All these 75 DTAAs have been picked up for renegotiation. Renegotiations have been completed in 22 cases.
India had already signed a revised tax agreement with Switzerland. Under this pact, both the countries would share banking and tax-related information with each other.
Indians world's 2nd most confident about economy
Indians have emerged as the second most confident people about their economy, across the world, on account of higher consumption and increased foreign investment, according to a report by research firm Ipsos.
The report said that India's economic confidence grew by 6 points to 75 per cent in the month of October compared to the previous month, becoming the second most economically confident country after Saudi Arabia.
"The Indian economy has been well insulated from global economic conditions as it has been fueled by domestic consumption and the increased FDI into the country. Our economy has remained steady at a robust 8.1 per cent and this positive consumer sentiment is seen reflected in our survey," Ipsos India Managing Director Mick Gordon said.
The report, which examined citizens' assessment of the current state of their country's economy, said that the overall global average economic confidence was down by one point to 38 per cent last month.
In terms of gains, two countries-- India and South Africa-- gained maximum economic confidence by five points and six points, respectively.
Individually, Saudi Arabia experienced a six-point drop to 83 per cent but continued to hold its pole position, followed by India (75 per cent), Sweden (69 per cent), Canada (66 per cent ) and China (65 per cent).
The countries at the bottom of the heap were -- Hungary which lost two points and was at 2 per cent, Spain gained 2 points but was low at 5 per cent, Japan further lost two points to stood at 6 per cent, France lost 1point and was at 6 per cent and Italy was unchanged at 8 per cent.
The global aggregate national assessment was dragged by Europe, which was down 2 points to 24 per cent), North America (40 per cent).
In fact, all the regions have reported declining national economic assessments - the Middle East and Africa was down 2 points to 60 per cent, Asia Pacific dropped by 1 points to 41 per cent. However, Latin America experienced no change in October and stood at 46 per cent.
Looking ahead, 24 per cent global citizens surveyed said their local economy would be stronger six months from now, which was unchanged since August 2011.
The natives of Brazil are the quite optimistic about about the state of their economy in the next six months, followed by India and Saudi Arabia.
The survey was conducted in October among 18,682 people in 24 countries such as Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the US.
The report said that India's economic confidence grew by 6 points to 75 per cent in the month of October compared to the previous month, becoming the second most economically confident country after Saudi Arabia.
"The Indian economy has been well insulated from global economic conditions as it has been fueled by domestic consumption and the increased FDI into the country. Our economy has remained steady at a robust 8.1 per cent and this positive consumer sentiment is seen reflected in our survey," Ipsos India Managing Director Mick Gordon said.
The report, which examined citizens' assessment of the current state of their country's economy, said that the overall global average economic confidence was down by one point to 38 per cent last month.
In terms of gains, two countries-- India and South Africa-- gained maximum economic confidence by five points and six points, respectively.
Individually, Saudi Arabia experienced a six-point drop to 83 per cent but continued to hold its pole position, followed by India (75 per cent), Sweden (69 per cent), Canada (66 per cent ) and China (65 per cent).
The countries at the bottom of the heap were -- Hungary which lost two points and was at 2 per cent, Spain gained 2 points but was low at 5 per cent, Japan further lost two points to stood at 6 per cent, France lost 1point and was at 6 per cent and Italy was unchanged at 8 per cent.
The global aggregate national assessment was dragged by Europe, which was down 2 points to 24 per cent), North America (40 per cent).
In fact, all the regions have reported declining national economic assessments - the Middle East and Africa was down 2 points to 60 per cent, Asia Pacific dropped by 1 points to 41 per cent. However, Latin America experienced no change in October and stood at 46 per cent.
Looking ahead, 24 per cent global citizens surveyed said their local economy would be stronger six months from now, which was unchanged since August 2011.
The natives of Brazil are the quite optimistic about about the state of their economy in the next six months, followed by India and Saudi Arabia.
The survey was conducted in October among 18,682 people in 24 countries such as Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, Great Britain, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Turkey and the US.
Indo-Russia Defence Deals
The partnership between India and Russia in the defence sector is long standing and continues to be progressed on the basis of the mutual interests of both sides.
The proposed joint development and production of the Multi Role Transport Aircraft is one of the joint projects currently under progress for which an InterGovernmental Agreement was signed on 12th November, 2007. A Joint Venture Company viz. Multi-role Transport Aircraft Limited (MTAL) has been incorporated in India in December, 2010 for implementation of this project.
No defence deal was signed during the visit of the Russian President to India in December, 2010.
The proposed joint development and production of the Multi Role Transport Aircraft is one of the joint projects currently under progress for which an InterGovernmental Agreement was signed on 12th November, 2007. A Joint Venture Company viz. Multi-role Transport Aircraft Limited (MTAL) has been incorporated in India in December, 2010 for implementation of this project.
No defence deal was signed during the visit of the Russian President to India in December, 2010.
Flood protection Project for Nagpur approved
The Planning Commission has accorded investment clearance to the scheme the project is estimated to cost Rs 24.37 crore and shall be completed by the financial year 2013-14. The Plan accounts would be closed by 31st March 2014. “Flood Protection Works of Lendi Nalla at Katol Town in Nagpur District of Maharashtra.”
Upon completion the proposed works would minimize inundation of urban area and agriculture fields of Katol town as a result in checking annual damage to infrastructure and agriculture land to the extent of Rs. 7.21 crore. The proposed scheme is likely to benefit an area of 28 ha. of fertile agricultural land.
Upon completion the proposed works would minimize inundation of urban area and agriculture fields of Katol town as a result in checking annual damage to infrastructure and agriculture land to the extent of Rs. 7.21 crore. The proposed scheme is likely to benefit an area of 28 ha. of fertile agricultural land.
Gram Nyayalayas in Rajasthan
As per information received from the Government of Rajasthan, 45 Gram Nyayalayas have been notified in the State. Giving this information in written reply to a question in the Rajya Sabha today, Shri Salman Khurshid, Minister for Law & Justice, said that the Department of Justice has released an amount of Rs. 567 lakh to the State Government towards the non-recurring expenditure for setting up these Gram Nyayalayas.
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