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A Memorial plaque in honour of Indian Indentured Labourers was unveiled today at Kidderpore Dock, Kolkata Port by the Union Minister for Overseas Indian Affairs, Shri Vayalar Ravi, in the presence of Km. Mamata Banerjee, Union Minister for Railways. Shri Ravi in his inaugural remarks acknowledged support of the Ministry of Shipping, the Government of West Bengal and the Kolkata Port Trust in making this Memorial.

New Delhi: Union Finance Minister Shri Pranab Mukherjee held meeting with the stakeholders of different Industry Groups to get their inputs for General Budget 2011-12, here today. This was the second meeting in the series of pre-Budget consultations held by Finance Minister with the stakeholders of different sectors. First meeting was held on Friday, the 7th January, 2011 with the stakeholders of agriculture sector.

New Delhi: Union Minister for Earth Sciences, Human Resource Development, Science & Technology and Communications & Information Technology Shri Kapil Sibal laid foundation stone for India’s 3rd Research Base at Antarctica – “Bharati” today at New Delhi.

New Delhi: The first Indian scientific expedition to the South Pole is a milestone in our scientific endeavor to understand the mystery of Antarctic environment and its implications for the climate change.

India has urged the Mozambique to consider allocation of more coal blocks to Indian companies besides expediting formalities for making operational two blocks, already allocated to Coal India Ltd.

New Delhi: The Vice President of India Shri M. Hamid Ansari released a book entitled “Tinderbox: The Past and Future of Pakistan” written by Shri M.J. Akbar at a function here today.

New Delhi: The Rashtrapati Nilayam has received more than 63,000 people within ten days from its opening on January 1, 2011. Above 10,000 people visited the premises on a single day alone on January 2.

Today, India is one of the fastest growing economies in the world and is aiming at a sustained GDP growth of 9-10 percent per annum. This necessitates the growth of the manufacturing sector at 13 to 14 per cent per annum over a long period. However, the contribution of the Manufacturing Sector to India’s GDP has remained around just 16% over the last two decades. The situation of the manufacturing sector in India is a cause of concern especially when seen in the context of transformation registered in this sector by other Asian countries. This relatively low contribution indicates that India has not been able to fully leverage the opportunities provided by the dynamics of the global world economy.

The Executive Board of the International Monetary Fund (IMF) on Monday completed the fourth review of Iceland’s economic performance under a program supported by a Stand-By Arrangement (SBA). The completion of this review enables the immediate disbursement of an amount equivalent to SDR 105 million (about €123.99 million, or US$159.98 million), which would bring total disbursements under the program to an amount equivalent to SDR 980 million (about €1.16 billion or US$1.49 billion).

NEW DELHI: In its pre-budget meeting with the Finance Minister Mr. Pranab Mukherjee, CII has suggested a set of policy measures to sustain the current growth momentum of the economy. Mr. Hari Bhartia, President Confederation of Indian Industry (CII), stressed that even though we have recovered from the global economic slowdown, new challenges have emerged that pose a challenge to maintaining the current growth rates. Factors such as the slow recovery of the developed economies, rising inputs costs, tight liquidity conditions and rising interest rates pose a downside risk to growth. The emphasis for Budget 2011-12, should therefore be to maintain and even accelerate the pace of economic recovery and speed up employment generation.