Will scrap bid if it falls below government's revenue expectations.
The much-awaited second State Reorganisation Commission might not see the light of day during the United Progressive Alliance regime. A significant section of the Congress leadership is not keen on setting up the panel to avoid fuelling the agitation for carving out a separate state of Telangana from Andhra Pradesh.
Even as the flagship National Rural Employment Guarantee Act scheme continues to face problems at the implementation level, Rural Development Minister Raghuvansh Prasad Singh, ignoring suggestions by Planning Commission Deputy Chairperson Montek Singh Ahluwalia and other economists, has refused to bring any major change in the scheme.
When Omar Abdullah took his first plunge into Kashmir politics in 1998, the odds were stacked heavily against him. Separatists were at their peak and the National Conference, founded by his grandfather, Sheikh Abdullah, almost 50 years ago, was seen as a stooge of New Delhi.
Top sources in the external affairs ministry suggested the visit would be to a courtesy call to Hasina, an old friend of India who is set to assume power after a landslide victory in the recent elections. However, two major issues -- terrorism and cross-border trade and investment -- may also be discussed as the UPA government has just four months in office before facing the next Lok Sabha elections.
Bajaj family members are in the final stages of reaching a peace formula to their six-year-old dispute over the division of group companies and assets. Sources familiar with the developments said an announcement can be expected in the next 10 days, but did not want to divulge details.
Korean car maker Hyundai Motors India Ltd said it will have to lay off 2,000 temporary workers, about one-fourth of its labour force, to tide over a decline in car sales. The company employs over 8,400 workers, of which around 3,300 are temporary.
'Sweetheart' and 'darling' have been Sheila Dikshit's favourite words for decades -- they go well with her trademark warm, grandmotherly smile. And now, the capital has reciprocated. Dikshit has become the 'darling of Delhi'.On December 8, she became the only chief minister of Delhi to enter into a third successive term. In the 123-year history of the Congress, she is the third chief minister to have this record.
This is the second project in the country in which a metro rail project is being undertaken through a PPP model after the 71-kilometre Hyderabad metro project was won by Maytas Infrastructure. According to industry sources, infrastructure major Larsen & Toubro had also initially shown interest for the project, but backed out finally.
This is the first time Hill & Knowlton, part of the WPP group that has several joint ventures in advertising, is venturing into India in this area. The Hong Kong-based company has presence in more than 41 countries across the globe. The PR business has been attracting the attention of international agencies and many have already set up JVs or signed partnerships with Indian players.
"Some powers of the state police have to be taken over by the proposed central agency to function. This will require changes in state laws and also some central laws. If we go for a constitutional amendment, the Bill can take care of all related changes," said a top UPA minister.
The next Lok Sabha elections would be conducted on the basis of pictorial voter lists for the first time in the country, except in three states. These lists will contain stamp-sized pictures of the voters along with other details like names and addresses. This will be a step to curb false voting further.
Both the Congress and Bharatiya Janata Party, the main opponents in five out of six states going to polls in this round, are depending on the internet and other wireless technologies to campaign. Vijay Kumar Malhotra, BJP's chief ministerial candidate in Delhi, was quick to launch his website, with help from his daughter and grand-daughter, to open a new route of communication with voters.
Days after NTT DoCoMo of Japan announced that it will buy 26 per cent in Tata Teleservices for $2.7 billion, NRI businessman C Sivasankaran has decided to put on the block his eight per cent stake in the company.
After 11 years of hanging like a sword on PepsiCo India Holdings Ltd, the government's condition that the company must dilute its equity in fully-owned downstream ventures is close to being waived.
The Foreign Investment Promotion Board (FIPB) has rejected a proposal by Tata Investment Corporation (TIC) to issue zero coupon convertible bonds (ZCCBs) with detachable warrants to its shareholders.
The government and Reserve Bank of India are working on measures that include relaxing norms for Non-Performing Assets (sticky loans) and prudential lending to kick-start key infrastructure projects.
The government is discussing a number of policy measures to insulate India from the impact of the global financial crisis including further banking reform, industrial de-control, auctioning all loss-making public sector units, foreign investment in retail, amending labour laws and notifying important pending legislation like the Delhi Rent Control Act.
Singur divided between those who want Tata back and those who just want their land.
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