Companies say they follow global standards in India as well
In a major relaxation of foreign investment rules in the pharma sector, a special group set up under the finance ministry has suggested it could consider permitting up to 49 per cent FDI (foreign direct investment) in the automatic route for brownfield investments in case the company's control remained in Indian hands.
This move could cost $299 million a year for Indian pharma players.
The upside for Ranbaxy Laboratories is likely to continue even as it loses its 180 days of marketing exclusivity for the Lipitor generic in the American market.
Both the units were under the scanner of FDA since 2011.
Decision on probing the role of auditors will be taken after initial inquiry
The growth, below the long-term trend of about 3-3.3 per cent, prompted many experts to question the policy of over-emphasis on cereals.
The investigative arm of corporate affairs ministry says there may also be involvement of others in alleged fraud, besides top executives.
Corporations and business associations must strengthen their direct communications and consultations with citizens - and earn the trust of society.
Usually, the annual monsoon forecast is released around mid-April.
Developers say an increase in the FSI was long due, given the scarcity of land, but stress the need for stronger infrastructure to support such high-rise buildings.
Officials said apart from infrastructure and skill development, agriculture could be the next big focus area.
Non-flagship programmes to get a mere 5% hike in allocation
Warehousing law amendment on cards to allow farmers use storage receipts as security for bank loans
Though the Centre's fiscal consolidation story is taking a hit, Plan expenditure is likely to provide some respite. In the Budget, expected to be tabled by mid-March, the Plan expenditure is likely to be scaled down in the revised estimates for 2011-12, compared to Budget estimates.
To speed up the vacation of additional 2G and 3G telecom spectrum, the government will likely make a Rs 5,000-crore (Rs 50 billion) provision in the Budget for an alternative network for defence services. The spectrum released in lieu of that would increase the availability for civilian use.
But says the airline will have to meet targets to get fund.
In what could mean a big investment opportunity for the construction industry in the years to come, the road transport ministry plans to more than double private participation in highway construction during the 12th Five Year Plan starting April 2012.
Document to talk about social unrest, energy shortages, global factors.
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