Category Archives: Business & Economy

Independent India’s First Finance Minister . 1947 .

Sir Ramasamy Chetty Kandasamy Shanmukham Chetty ( R.K. Shanmukhan Chetty)was the first Finance Minister of Independent India.

He was Finance Minister when the country’s first budget was tabled in the Parliament on November 26th, 1947. He held the portfolio for the period 1947 – 1949.

R.K.Shanmukham Chetty was a lawyer, economist and legislator.

Born in Coimbatore (Madras Presidency)on October 17th, 1892 and expired at the age of 60 on March 05th, 1953.

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Nokia’s Launches First Device in India with Urdu Language Capability. September 2013 .

Nokia launched the Nokia 114 model, the first ever device with Urdu language capability / option in India.

It was launched at an event by Kapil Sibal, Hon’ble Minister of Communications & Information Technology in the presence of P.Balaji, MD Nokia India in New Delhi. The Hon’ble Minister handed over the first Nokia 114 to Muzaffer Ali, noted filmmaker, poet, a revivalist and a social worker.

The launch is a part of Nokia’s strategy for democratising the reach of mobile telephones. India has over 15 crore urdu speaking people  making it one of the largest urdu speaking populations in the world.

 

First Textile Trade Agreement between India and Sri Lanka. September 2013 .

A historic MOU, the first ever textile agreement between the two nations, India and Sri Lanka was signed on September 11th, 2013 at an event held in the Galadari Hotel, Colombo.

Its objective was the expansion of the business and co-operation in the development of SME in Handloom, Power-loom and Textile sectors. The period of the MOU will remain in force for 5 years from the date of signing MOU and it can be renewed thereafter.

The event was attended by Anura Siriwardena (Secretary, Ministry of Industry & Commerce, Sri Lanka), Ms.Zohra Chaterji (Secretary, Textile Ministry of India), Y.K. Sinha (High Commissioner of India in Sri Lanka), Basil Rajapaksa (Minister of Economic Development), M.Fowzie (Senior Minister), PS Raghavan (Secretary, Ministry of External Affairs, India), Ashraf Omar (CEO of Brandix Lanka), Visvanath Agarwal (Chairman – Powerloom Development & Export Promotion Council of India, PDEXCIL), Anura Siriwardena (Secretary, Ministry of Industry & Commerce), and several members of Business and Industry.

Italian ‘ Barista Lavazza ‘ opens its First Outlet in New Delhi, India. February 2000 .

Barista Lavazza, a chain of espresso bars opened its first Indian outlet in Basant Lok, New Delhi. February 2000.

India born Barista entered the market in 1997 and was later taken over by the Italian Lavazza (Italy’s largest coffee company and the 6th largest coffee roaster in the world).

Building on its Italian heritage – The Barista Coffee Company has over 200 Barista Lavazza Espresso Bars and Barista Lavazza Cremes in over 30 cities across India.

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Vodafone India launches its First All Women ‘ Vodafone Angel Store ‘ in Haryana . September 2013 .

Vodafone India, in a unique initiative for women empowerment, launched the First ‘ Vodafone Angel Store ‘ at Yamuna Nagar in Haryana on Wednesday -September 03rd, 2013.

Vodafone Angel Stores are Vodafone retail outlets managed and run entirely by women employees.

Vodafone also launched three Vodafone Mini Angel Stores in Ambala Cant, Jagadhvi, Ambala city, providing more employment opportunities for Women.

India’s First ‘ National Media Centre ‘ inaugrated in New Delhi . August 2013 .

Prime Minister Manmohan Singh and UPA Chairperson Sonia Gandhi jointly inaugrated the Information & Broadcasting Ministry’s new ‘ National Media Centre ‘ on Saturday – August 24th, 2013.

Set up at a cost of Rs. 60 crore, the National Media Centre is located on Raisina Road in New Delhi.

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