Gov notifies bodies under National Manufacturing Policy (NMP)

In a big push to concretize the operational contours of the National Manufacturing Policy (NMP), the Government has established a Manufacturing Industry Promotion Board (MIPB) for matters pertaining to the implementation of the National Manufacturing Policy. Along with the MIPB, the Government has also notified Board of Approval, Green Manufacturing Committee and High Level Committee. […]

Budget in numbers

Budget in numbers: ITEM 2012 2011 Gross Tax receipts 9,32,440 crore 7,46,651 crore Non-tax revenue 1,25,435 crore 1,48,118 crore Total expenditure 12,57,729 crore 11,08,749 crore Plan expenditure 4,41,547 crore 3,73,092 crore Fiscal Deficit 4.6% (proj) 5.1% (actual) Real Revenue Deficit 1.8% (proj) 2.3% (actual) Total Gov borrowing 3.43 lakh crore 3,45,010 crore Government debt/GDP 44.2%

Government unveils changes to Foreign Trade policy, new export sops

The following are the main points of the government’s announcement of 2012-13 supplements and changes to India’s Foreign Trade Policy – 2% interest subvention for Handlooms, Handicrafts, Carpets and SMEs Last year the government had agreed to create a special dispensation for labour intensive industry by extending the facility of 2% interest subvention for Handlooms, […]

Wipro unveils India’s first major cloud computing platform

It’s finally here – the first major global Cloud-based platform rolled out by an Indian IT services major. Wipro Technologies, the fourth largest Indian IT services provider, announced it was expanding its Cloud platform by offering a global-level Infrastructure-as-a-Service (IaaS) product. IaaS is the basic level of Cloud offering. On top of IaaS is built […]

Google acquires Quickoffice

Google said it has acquired mobile office-suit software maker Quickoffice for an undisclosed sum. Quickoffice makes programs that allow users to open documents such as spreadsheets on any platform, such as Android, iOS and Symbian. Google seems to be planning to integrate Quickoffice features into its own offering built around Google Docs. “Today, consumers, businesses […]