The fate of industrial projects worth over Rs 60,000 crore will be decided by an expert committee of the environment ministry at a two-day meeting beginning Wednesday. The committee will take up 32 new proposals, including modernisation and expansion of steel, aluminium and cement plants belonging to the top-notch companies.
The Shiv Sena had gone on the defensive after a 'successful' visit to Mumbai by Congress general secretary Rahul Gandhi and high drama over the release of Shah Rukh Khan-starrer My Name Is Khan -- both in February. Maharashtra's main Opposition party is now back in action, alleging that Marathi-speaking people in Karnataka's Belgaum district, which shares a border with Maharashta, are being suppressed by the Bharatiya Janata Party government in that state.
Despite many hiccups in project implementation, India on Sunday crossed the earlier 10th Five-Year Plan's total addition to generation capacity of 21,180 Mw.
Grameen Bank managing director Muhammad Yunus has asserted that India is well positioned to tap the huge potential for growth of social business within its existing legal and regulatory framework.
When action off the field surpasses the action on field, innovation is what is expected.
Yunus will teach India Inc why and how social business is not charity but business wherein a surplus is passed on to the target group of beneficiaries in the form of lower prices, better service and greater access
The ruling Congress party in Maharashtra is seeking party general secretary Rahul Gandhi's help to take on Maharashtra Navnirman Sena chief Raj Thackeray in order to consolidate its position by luring youths in the party organisation.
"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."
The Central Electricity Regulatory Commission (CERC) has convened a hearing on March 23 to consider various remedial measures to contain transmission congestion that is severely affecting the flow of power to the southern states. The power exchanges and load dispatch centres would make their submissions at the meeting.
Truck rentals have surged six-eight per cent, while retail freight is up by 12-15 per cent after a hike in diesel prices by Rs 2.58 (ex Delhi) and Rs 3 per litre (ex Mumbai and Chennai) was announced in the Budget proposal last week.
Clearance only after impact analysis, says Jairam Ramesh.
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.
To this end, the state has roped in Ernst & Young (E&Y) to prepare a master plan. E&Y outbid KPMG to win the Rs 1.65 crore (Rs 16.5-million) contract from Maharashtra Industrial Development Corporation.
The Bharatiya Janata Party has resorted to a rath yatra to press for a separate Vidarbha state. For a change, the party does not want to make it an emotional issue like the Ram temple but reach out to the people of 11 districts.Party legislator from Vidarbha, Sudhir Mungantiwar, a frontrunner to take over from Nitin Gadkari as the president of the Maharashtra unit of the party, and Devendra Phadanvis, a confidante of Gadkari, would begin the 'yatra' from Friday.
A cartelisation of Mumbai's real estate, one of the costliest in the world, in the matter of transferable development rights has put upward pressure on prices and has also caused concern in policy circles.In a recent development, just six-odd builders and developers hold 70 per cent of the 2.5-3 million sq ft TDR available. The price of TDR has also surged to Rs 2,500-Rs 3,000 per sq ft from Rs 800-1,000 sq ft in the past six months.
Though the Bharatiya Janata Party, under the leadership of Nitin Gadkari, has launched an exercise to consolidate its position while pursuing coalition politics, it is in a state of dilemma as far as Bihar is concerned.
'Prices can be adjusted now. The government can even temporarily cut taxes'.
A revenue department official said against 4,500 sand spots across the state, only 1,300 which had been cleared by the respective gram panchayats are available for auction.
The world's fastest-growing wine market for the past five years, has come crashing down.
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