The Reserve Bank of India released today its Annual Report for 2009-10. This statutory Report of the Board of the Reserve Bank focusses on: (a) an analytical assessment of the key policy issues and macroeconomic challenges faced during the year, (b) the range of policy actions taken to address the challenges, besides initiatives launched during the year in relation to the broad macro-financial objectives of the Reserve Bank,
In order to give immediate relief,a bonus incentive (over and above the present benefits) of two per cent has been announced by Commerce and Industry Minister Anand Sharma to sectors like handicrafts, handloom, silk carpets, leather and leather manufacturers, sports goods, toys and select bicycle parts. The extra sops are two per cent of the export value.
As per information available with the Ministry of Textiles, a total of 334 textile mills were enlisted with the Textile Commissioner’s Office, Mumbai, during the Eleventh Plan. These included 177 non-SSI spinning units, 11 non-SSI composite mills, 138 SSI spinning units and 8 Exclusive Weaving Mills. Information relating to the units that came up in the decentralized segments such as knitting, processing, garmenting and made-ups is not available.
Paragraph 32 of the Employees’ Pension Scheme, 1995 provides for annual valuation of the Pension Fund by valuer appointed by the Central Government.
