The FIPB referred the matter to the law ministry today.
Power Finance Corp official overseeing project eased out.
British Telecom of the UK is considering a low-powered global system for mobile communications service in India, which can bring down the costs significantly on calls made by mobile phones inside offices.
A sharp dresser, with a prominent jawline, Kohli will now have to contend with aggressive competition from Vodafone-Essar, perhaps the toughest so far in his career.
The Department of Industrial Policy and Promotion in the commerce ministry has asked state governments and central ministries to re-examine and streamline existing procedures, so as to provide a hassle-free environment for business.
The commerce ministry has projected Rs 21,631.94 crore (Rs 216.31 billion) worth of exports from the 63 special economic zones, which have been notified since February 2006. Till date, Rs 13,435 crore (Rs 134.35 billion) has been invested in them.
Market volatility has prompted the government to postpone the disinvestment of its residual 10.27 per cent stake in Maruti Udyog Ltd to the next financial year.
The Foreign Investment Promotion Board has forwarded complaints against duty-free operator Alpha Airports group to the home ministry and the Directorate General of Export Promotion.
On the other hand, outsourcing companies can expect an exponential increase in the outsourcing business as fresh loan processing norms are tightened in the US.
As a prelude to a new partnership agreement, senior Vodafone and Essar executives have held joint meetings with officials in the government, including the finance ministry.
But commerce ministry works on rules for exemption to contractors.
The inflation bogey that stalked the government earlier in the week appears to have lost force, with the wholesale price index declining to 6.05 per cent for the week ended February 17, 2007, against 6.63 per cent for the previous week.
For starters, the application to the commission will have to be made together with the payment of the tax liability. The application can be made only before the assessment officer has completed proceedings, and not after.
The country's fiscal deficit, as a percentage of GDP, would be wiped out if the crude oil price, as measured with the Indian basket, touch $80 per barrel.
The govt is mulling the need to exercise its rights under the gas production-sharing contracts.
New recast plan calls for more loan rate cuts and lower equity returns.
Cheer up, the coming Union Budget might just make your imported tipple more affordable - on a par with local booze.
The rehabilitation policy, which is being currently formulated by the Ministry of Rural Development, is unlikely to affect the special economic zones already approved by the government.
Commerce Minister Kamal Nath is pushing for a major policy change, one that would result in foreign travellers to India being refunded the value-added tax they pay on purchases made here.
Budget 2007 is expected to introduce major changes in non-resident taxation, partly aimed at making it easier for foreign companies to do business in India and encouraging greater investment inflows.
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