Permission for dual listing would require full capital account convertibility and therefore changes in regulations under the Foreign Exchange Management Act.
The deal, which will be the largest in the global telecom space, will be subject to South African government approval.
After voting with sworn political enemy Bharatiya Janata Party (BJP) against its one-time ally the United Progressive Alliance (UPA) last year, the Left is again considering floor co-ordination with the BJP in Parliament.
Airline managements are divided on the likely impact of the settlement of the Jet Airways imbroglio.
The government has sought to put an end to the ambiguities in the implementation of Press Notes 2 and 4, which significantly relaxed foreign direct investment (FDI) guidelines, with the Commerce Ministry requesting the Reserve Bank of India (RBI) to make changes in the Foreign Exchange Management Act (FEMA) to operationalise the guidelines. The direction from the government follows a number of references and queries from investors.
Claim breach in procedure, demand probes; Reliance denies charge
Halving the productivity-linked incentive will make its salary levels unattractive and put a heavier burden on junior staffers.
Eases regulatory hurdles for Bharti-MTN deal.
The retraction was preceded by a shouting match between Finance Minister Pranab Mukherjee and Railway Minister Mamata Banerji, who had threatened to walk out of a Cabinet meeting protesting some provisions in the Bill earlier this month.
New Delhi, 7 August A strike call and its withdrawal proved an embarrassment for a former senior aviation bureaucrat.
'We want to make Bengal an automobile hub.'
Airline losses have more to do with their business models than the price of aviation fuel.
As the Congress brass is gearing up for the Cabinet reshuffle after the current Parliament session, Prime Minister Manmohan Singh has sought TC chief Mamata Banerjee's suggestions for her party's new nominee. Banerjee has conveyed to the PM and Finance Minister Pranab Mukherjee that she has nominated Sudip Banerjee for this slot.
Acting against the wishes of the entire state unit of the Congress and even senior central leaders, Gandhi decided to give two prestigious Assembly seats, Sealdah and Bowbazar, to the TC, on Saturday night. Byelections to these seats are slated for this month.
Congress president Sonia Gandhi on Thursday stepped in to ensure cabinet ministers don't keep their junior ministers idle but give them more work to do.After reading out her written speech in the Congress Parliamentary Party meeting in New Delhi on Thursday, Gandhi made an unusual impromptu addition over this issue. According to insiders, Gandhi -- in the presence of Prime Minister Manmohan Singh and most of the Congress cabinet ministers -- pitched for Ministers of State.
MTNL will be one of the few big telecom companies in the world to allow competitors to offer their brand on its network.
Airline asks for Rs 7,000 cr; may get half subject to conditions.
The government's financial restructuring plan for loss-making Air India may include a staggered infusion of equity, entailing an initial infusion of around Rs 1,300 crore (Rs 13 billion), going up to around Rs 2,000 crore (Rs 20 billion), depending on the company's need.
According to a Cabinet minister, the UPA's focus during the remaining period of the Budget session will be on passing the Right to Education Bill. Apart from this, the government is planning to bring a Bill to amend the Rubber Act and the National Commission for Heritage Sites Bill. The government will be occupied till July 27 with the General Budget, as contained in the Finance Bill. It will actually not get more than seven days to deal with other legislative business.
The guidelines also point out that it is not advisable to form 50-50 JVs, since such a company is regarded as a private company and functions as such, even though the PSU is an equal shareholder. In many cases these entities are not accountable to Parliament or the state assembly.
