A senior government official says the idea is to facilitate mutually beneficial ways to keep the supply going.
Bankers and industry analysts say a number of public and private sector banks have expressed willingness to offer fresh loans to Indian companies to help them repay their overseas dues maturing in the near term.
The strategy is aimed at putting critical economic policy initiatives in top gear immediately after the completion of Assembly polls in the five states in early March.
Critics have slammed a bloated subsidy that has been proposed for the food security bill, but officials in the government strongly believe that the resultant additional burden will not be above Rs 27,000 crore to meet the commitments under the proposed legislation.
The investment to the country from India, which has been at the top of the 2009-10 list of the destinations to which Indian investment is flowing, was $3798.5 million.
Recent slide in inflation no consolation amid exceptional shrinkage in industrial growth.
Cabinet had earlier this week deferred a decision on the much-discussed issue on this ground.
Mop-up trends hint at major slippage; CBDT braces to meet Budget target.
Pronab Sen, principal advisor in the Planning Commission, says that it is difficult to pinpoint the exact GDP number for the current fiscal, as IIP data is questionable and contradicts with exports growth story.
Decks have been cleared for acting chairman D K Mehrotra to become the regular chairman of Life Insurance Corporation, as the finance ministry has decided to send his name to the Appointment Committee of Cabinet (ACC) for final approval.
A senior Central Board of Direct Taxes official told Business Standard the department had initiated an extensive exercise under which it was sending notices on money kept abroad on the basis of tips/leads from tax authorities in various countries and also transaction data over recent years.
Tax returns of 100,000 entities under scanner, as preparation for DTC, say officials.
The petroleum ministry has asked for a total compensation of Rs 60,000 crore (Rs 600 billion) to cover the subsidy portion till the third quarter of the current financial year.
The second Human Development Report 2011, to be released after a gap of 10 years, paints a dismal picture of the access that rural households have to electricity.
The Planning Commission's de-linking entitlement benefits for the poor from the Suresh Tendulkar committee's recommendation on determination of poverty has left a big question mark on the number of beneficiaries to be covered under the proposed Food Security Act.
The ministry was expecting savings this year to be around Rs 20,000 crore.
Apart from consent orders, it has been decided to take fast and stringent action in surveillance and investigative cases in the coming months.
User and live accounts test done, software to roll out country-wide in a year.
The Planning Commission projected the Centre's fiscal deficit to come down to three per cent of the gross domestic product.
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