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India is a land of opportunity that places premium on enterprise and creativity.I invite you, the Overseas Indians, to make use of the investment and business opportunities that india now offers. This is the time for all of us to become strategic partners in India's progress. By Dr. Manmohan Singh, Hon'ble Prime Minister of India
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OIFC: India Top 10 News - April 2012

India Connect
India Connect

IndiaConnect > India Top 10

1.
Bringing in transparency: The Cabinet has cleared the Public Procurement Bill, which seeks to regulate central government purchases over Rs. 50 lakh (approx USD 100,000) through a transparent bidding process. The bill, the Government says, will help check graft in the system.
2.
Building ties: India and Pakistan took steps towards the normalisation of ties with the personal visit of Pakistan President, Asif Ali Zardari to New Delhi in April. The two nations plan to resolve contentious issues soon and take economic partnership to new levels.

3.
Crossing a huge milestone: Considered the "God of Cricket", Sachin Tendulkar made his 100th international hundred in March this year against Bangladesh in Asia Cup. He is the only batsman in the history of cricket to score 100 international centuries.
4.
Leading the world: According to The Pew Charitable Trust, India has emerged as one of the top performing clean energy economies in the 21st century. It has registered the fifth highest five-year rate of investment growth and eighth highest in installed renewable energy capacity.
5.
Growth engine: According to an Asian Development Bank report, India is expected to grow by 7 per cent in 2012-13 as global conditions stabilize. The bank says if the reform process is undertaken, the growth could even be faster.
6.
Disinvestment Policy: The Government plans to raise Rs. 13,000 Crore (USD 2.5 billion) via disinvestment during 2012-13. At least 51 per cent of the ownership will remain with the Government of India.
7.
Infrastructure boost: The Twelfth Five Year Plan will come into effect soon and the Government plans to invest around Rs. 50 lakh crore (USD 1 trillion) in the sector during the period. The government expects half of this to come from the private sector.
8.
BRICS Meet: Leaders from Brazil, Russia, India, China and South Africa assembled in New Delhi for the fourth BRICS meet in March. The countries agreed on setting up a working group to establish a development bank.
9.
Cricketing extravaganza: The new season of Indian Premier League, the 20-20 cricket championship, was kicked off in Chennai in early April. The shorter, faster version of the game has 9 teams.
10.
Smoothening process: The UAE Ministry of Labor and India's Ministry of Overseas Indian Affairs have signed a protocol at Abu Dhabi to streamline the admission of Indian contract workers in UAE by way of an electronic contract registration and validation system.
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