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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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News Trends & Analysis: June 16-June 30, 2012

June 16-June 30, 2012
India Update
News Trends & Analysis

Politics

13th President to Elected This Month

India will have its 13th President elected on July 19, 2012 with two senior leaders in the fray. The former Finance Minister, Mr Pranab Mukherjee and Former Speaker of Lok Sabha, Mr P A Sangma, are contesting the elections for the highest post in the country, reports said.

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Policy

PM Backs Growth, to Revive Sentiment

Prime Minister, Dr Manmohan Singh, who has decided to keep the Finance Ministry under his care after the resignation of Mr Pranab Mukherjee, who will be contesting the Presidential elections has assured investors that India will soon revert to a growth rate of nine per cent a year.

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Markets

SEBI Supports e-Voting

The securities and exchange board of India (SEBI) has directed that listed companies should use electronic voting for seeking shareholder approvals to help bring greater shareholder participation in decision-making, reports said.

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Snippets

Fact Book on Indian Economy

In the midst of slowing growth prospects and criticism on policies from some rating agencies, the Union Finance Ministry has come out with a "fact book" listing the strengths of India such as political stability and sound financial system.

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Our investment consultation and facilitation services have been steadily attracting numerous queries from Overseas Indians across geographies, round the clock. These include queries for guidance on tax, legal, investment, education, human resource (HR) services and pre-entry market exploration. Register and avail of our investment consulting and facilitation services.
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OIFC is a not for profit public private initiative between the Ministry of Overseas Indian Affairs (MOIA) and the Confederation of Indian Industry (CII) aiming at expanding the economic engagement of the Indian diaspora with India.