In what could close the doors for import of Chinese equipment in power transmission, state-run Power Grid Corporation is making it mandatory for suppliers to have manufacturing facilities in India within three years. The company's board is likely to approve the proposal in its meeting on July 2.
Almost without exception, all ministers from non-Congress coalition partners of the UPA have been behaving as though they are a law unto themselves.
Canada has decided to rope in its content solution company, OpenText, to do a 'Facebook' on the negotiators.
CRR is the proportion of deposits each bank must keep in the form of cash.
With the government making a distinction between the privately-run Reliance Natural Resources Ltd and the government-run NTPC Ltd in relation with the gas dispute with Reliance Industries Ltd, the ministry of power is likely to take up NTPC's case with the Empowered Group of Ministers.
RNRL had sought 28 mscmd of gas for 17 years at $2.34 per million British thermal units (mBtu) from Mukesh Ambani's RIL.
The media has created a new paradigm for its news perspective. It will write about issues that concern and directly affect its readers.It will also present news, whatever be its content or significance, provided that news is offered to it by the establishment, be it the state or the advertising community.
Since few read discussion papers or Parliament committee reports on Budgets, this doesn't help policymaking
Popular anguish over the slow pace of economic reforms has grown more intense in the last few weeks even as Congress President Sonia Gandhi takes charge as the head of the National Advisory Council and Prime Minister Manmohan Singh's grip on the policy-making apparatus of the United Progressive Alliance (UPA) government appears to get weaker.
The Eleventh Plan working group report, however, was based on projections of the directorate general of hydrocarbons (DGH).
Mamata Banerjee's decision on land acquisition policy for dedicated freight corridor has very serious implications, says A K Bhattacharya.
oining the same profession one's father belongs to inevitably leads people to compare and contrast the son with the father
"For 2010-11 and beyond, the Kirit Parikh report will be the benchmark. The report is being studied.These decisions are politically sensitive issues and have to be sustained over a period of time," Petroleum Secretary S Sundareshan told Business Standard. "It is impossible to insulate the Indian consumer against the movement in international oil prices."
While the government stifled PSUs' operational autonomy, competition from the private sector hit their market share.
For how many more years will the annual Budget circus continue in its current form? This is a question often asked at post-Budget seminars held across the country every year around this time.
There is scepticism in some quarters that the Budget for 2010-11, while spreading cheer, may be skating on thin ice. For instance, some of its assumptions will give way if the non-tax revenue projections turn out to be castles in the air.
Disinvestment proceeds of the government could be higher than the estimate of Rs 25,000 crore for 2009-10. The government has already raised Rs 13,621 crore through disinvestment in four public sector companies.Dilution of stake in National Mineral Development Corporation, the fifth public sector undertaking to come out with a public offer this year, is likely to fetch the government more than the remaining Rs 11,388 crore, thereby exceeding even the revised target.
The FM's proposal on new banks and a Financial Stability and Development Council could spark tension with RBI.
Prime Minister Manmohan Singh discusses Union Budget presented by Finance Minister Pranab Mukherjee in the Parliament on Friday with Business Standard's A K Bhattacharya.
Without a market that is positively impressed with the finance minister's Budget, the government will face major problems in offloading its shares in PSUs and bring down its deficit.
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