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Modi wave invigorates stock market in Gujarat

Rajkot, Nov 25 (ANI): Riding on the Modi wave, the share market in Gujarat is on a newfound high as Gujaratis trade in new Initial Public Offering (IPOs) and invest more and more in stock markets. Modi's victory unleashed a rush of money from foreign portfolios betting the reformist prime minister would drive a quick recovery. The retail investors in Gujarat have gained confidence once again and are back in business. CEO of SKSE Securities Limited, Ashok Koyani, said that in the coming years Modi's government will provide the much needed impetus for the stock market. The economy is showing some signs of revival and inflation has plummeted, aided largely by a drop in global oil prices. Nov 25, 2014
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Narendra Modi reaches India after three-nation tour

New Delhi, Nov 20 (ANI): Prime Minister Narendra Modi on Thursday reached India after completing his three nation 10-day tour. Modi had left India on Nov 11 to attend the Asean-India and East Asia summits in Myanmar's capital Nay Pyi Taw. He then left for Australia and attended the G20 summit in Brisbane. He also addressed the Australian parliament in Canberra, and the Indian diaspora in the city. On Wednesday, Modi reached Fiji's capital Suva where he addressed the Fijian parliament and interacted with representatives of civil society at the Fiji Technical University. During the course of his three-nation tour, he also held a number of bilateral meetings with leaders of various countries and spoke about liberalizing the trade and investment policies in India to attract investors. Nov 20, 2014
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Arun Jaitley launches 'Kisan Vikas Patra' to lure small investors

New Delhi, Nov 18 (ANI): Finance Minister Arun Jaitley on Tuesday re-launched a certificate savings scheme in New Delhi to encourage investment for country's development. In a bid to encourage small savings among citizens, the successful scheme known as 'Kisan Vikas Patra (KVP)' or Farmer's Development Letter was re-launched. KVP are certificates issued by government of India that can be availed in the denominations of rupees 500, rupees 1,000, rupees 5,000 and rupees 10,000 at all post offices across India. Jaitley said that this scheme was intended to keep small investors away from fraudulent schemes that make attractive bids. Meanwhile, the investment made in the certificate scheme will double in 100 months and certificates can be issued in single or joint names and is transferable. The certificate can also be pledged as security to avail loans from the banks. Nov 18, 2014
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Gujarat to tap changing economic scenario with new industrial policies, says Anandiben Patel

Mumbai, Nov 18 (ANI): Gujarat Chief Minister Anandiben Patel while addressing a press conference said the state was geared to tap the changing economic scenario with new industrial policies that would put the nation at the global forefront. Patel was speaking at a curtain raiser of the 7th Vibrant Gujarat Global Investors' Summit (VGGIS) to be held in January 2015, in New Delhi. Patel further said the summit will lay emphasis on social sectors and specialised areas like climate change. The curtain raiser is to encourage investors from other states to set up business in Gujarat. The events have been planned as pre-Vibrant Gujarat summit 2015 in major cities across the country, starting from Mumbai. Nov 18, 2014
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