Gujarat Chamber of Commerce & Industry

31/2015-16

Thu, 28 January 2016

Trade & Industry

E-tender must from April 1 for govt purchases above Rs 2 lakh

Come April 1, all central ministries and public sector units will have to float e-tenders for procuring goods and services exceeding Rs 2 lakh, a move aimed at bringing transparency in government purchases. At present, e-procurement is mandatory for purchases of Rs 5 lakh or more.

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Maharashtra unveils new Port Policy

The Maharashtra government has unveiled its new comprehensive policy for the development of port sector in the state. The policy entails empowering the Maharashtra Maritime Board (MMB) that it will be henceforth solely responsible for taking decisions on developing ports and giving clearances for projects. The new policy also entails developing a Maharashtra Port Connectivity Corporation (MPCC) for providing rail connectivity to Ports, rail connectivity to Ports, developing ship building parks and captive and multi-purpose jetties.

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India business confidence picks up in January: Survey

Business sentiment among Indian companies rose for the first time in three months in January, largely supported by the first increase in new orders since last June. Deutsche Boerses MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE-listed companies, rose from 60.7 in December to 61.8 in January -- the highest since October 2015 as domestic orders strengthened.

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IIP may grow 4-5 per cent in December: D&B

Indias index of industrial production (IIP) is likely to grow 4-5% in December 2015, says a report. "Growth in the index of industrial production is expected to gain strength as the unfavorable base effect wanes. The governments efforts to de-bottleneck investment coupled with early signs of pick-up in urban demand would also support production," said Dun & Bradstreet in the report.

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Economic & Finance

Average inflation to rise next fiscal: India Ratings

Inflation based on wholesale and retail price indices will rise on average by 2.7 per cent and 4.9 per cent during the next fiscal, according to the projections of India Ratings and Research.

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New Projects

With China weakening, Apple turns to India

As red-hot sales in China show signs of cooling, Apple Inc executives are touting Indias growing appetite for iPhones.

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Adani Power, Azure Power win solar projects bids in Uttar Pradesh

Adani Power and Azure Power have won the latest auction for solar energy projects with bids of Rs 4.78 per unit, higher than the record low of Rs 4.34 set this month.

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Science & Technology

Promise of Wal-Mart Technology being realised in India: Karenann Terrell, Wal-Mart

Walmart typically spends over $1billion annually on information technology - and that figure is likely to grow this year and part of that will come to India. Karenann Terrell, chief information officer at Wal-Mart Stores, says the US retailer is looking to make huge data and analytics investments in India.

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India figures as a very important market: Kazuo Hirai, Global CEO, Sony

Local manufacturing should not be seen as an indicator of commitment to the Indian market, says Sonys global CEO and president Kazuo Hirai.

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Environment

Government notifies stricter standards for sugar industry

With an aim to minimising water pollution, the Centre has notified "stricter" environmental standards for sugar industry operating in various parts of the country. The Environment Ministry said that the revised standards will lead to improved operational performance of these industries through implementation of wastewater discharge and conservation standards and pollution control management protocol.

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