Move to impact joint ventures in telecom, insurance, broadcasting.
The UPA government is likely to close this financial year with around a billion dollars (around Rs 4,100 crore) as receipts from divestment of minority shareholdings in four public sector undertakings.
Sterlite had acquired a 51 per cent stake in unlisted Balco as part of the government's strategic sale of its shareholding in March 2001 for Rs 551.50 crore (Rs 5.51 billion).
The finance ministry had strongly opposed the hike announced by the commerce ministry.
In order to expedite the implementation of the Parekh Committee's recommendations on infrastructure financing, the finance ministry has decided to pursue a few key issues instead of taking up the whole report.
Petroleum ministry rejects conclusions of two reports ahead of EGoM.
According to a petition filed by Quadrant in the Delhi High Court, Travel Guru allegedly copied its software solution 'Final Quadrant SuiteCase'.
The proposed India-Iran Double Taxation Avoidance Agreement, which the two countries included in their joint New Delhi declaration in 2003, has run into a hurdle.
Defence officials contend that the services do not use spectrum for 'commercial purposes' and therefore do not need to pay for it.
The Planning Commission is considering a hike in public sector investment in the farm sector to 4 per cent of agricultural gross domestic product towards the end of the 11th Plan (2007-12).
The government is considering a proposal to examine foreign direct investment applications on a sector-wise, rather than country-wise, basis to assess their threat to national security.
Move could delay FDI liberalisation in the sector.
Contrary to the income tax department's hopes, many taxpayers continue to attach annexures (documents like tax deducted at source certificates etc) with the so-called annexure-less tax return forms introduced from this year.
The railway ministry has decided to sell a 20 per cent stake in RITES Ltd, an undertaking of the ministry which, among other activities, operates railway networks in some African countries, in an initial public offer.
Insurance companies will have more infrastructure firms in their equity investment portfolio soon.
This year's projected increase in per capita (in dollar terms) is nearly double the average 13 per cent growth between 2003-04 and 2006-07.
Tops the group in mobile voice usage volumes.
The whole order had included both 2G, the currently used technology, and third generation lines (used for high-speed mobile Internet access).
New Communications Minister A Raja is likely to opt for a global auction of third generation technology licences, a move that will allow virtually any global operator to bid for offering this service in India.
New winds are blowing in the Ministry of Communications and Information Technology offices at Sanchar Bhavan.
