A decision in this regard is likely to be announced on Monday. when Chidambaram meets the chairmen of the 96 regional rural banks.
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.
The minimum sum insured has gone up more than three times.
New winds are blowing in the Ministry of Communications and Information Technology offices at Sanchar Bhavan.
The deadline for compliance expired in December, 2005. Though new accounts are KYC-compliant, getting the old ones up to date is expected to take two or three years.
The income tax department is planning to withdraw a facility introduced last year for filing tax returns at around 2,000 post offices, owing to incomplete and inaccurate returns. Nearly 350,000 returns were filed through post offices last year.
In a major bonanza, Bharat Sanchar Nigam Ltd is planning to offer its 36 million customers an accident insurance scheme free of cost.
After the Centre, the states have joined the fight against inflation. Later this month, they will discuss a proposal to exempt rice, wheat and pulses from value added tax.
Will have to pay 12% tax besides 3% education cess.
Finance ministry backs chairman, may remove five govt-nominated independent directors
FIPB rejected the proposal on the grounds that it did not comply with the 26 per cent cap on foreign direct investment in insurance ventures, government sources said.
A ministerial group is mulling a proposal to increase the troubled Dabhol power plant's capacity to 5,000 Mw from the present 2,184 Mw to ensure its long-term viability.
The ministry has sought information on posts for which regular recruitment is made; expected parameters for the said posts; subjects for tests; and training modules.
Social sectors like health and education will get a leg up in the Eleventh Plan (2007-12), even as some other sectors may see a reduction in fund allocation.
Public and private sector GSM operators in the country have demanded an additional 13.2 MHz of spectrum
Bail-out package for loss-making industry awaits Cabinet clearance.
Besides Deepak Parekh, who heads financial institution HDFC, other committee members include key representatives of major banks and infrastructure finance institutions.
The government has exempted from service tax all services to foreign diplomatic missions and consular posts in India of official use.
The Reserve Bank of India has rejected Essar Communications' application to pledge its equity in Hutchison Essar Ltd to Standard Chartered Bank, London.
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