Terming the backlash in the US against outsourcing to India as a "cause of concern", IT and Communications Minister Arun Shourie on Tuesday suggested a two-pronged strategy
The divestment ministry would concentrate on "legal option" to resolve the divestment impasse arising out of the Supreme Court verdict on HPCL and BPCL, but would continue with residual stake sale plans in companies like CMC Ltd and VSNL.
Indian Oil Corporation is India's only Fortune 500 company.
Divestment Minister Arun Shourie on Tuesday said that the opinion of the law ministry and the Attorney General will be taken on Supreme Court ruling staying privatisation of HPCL and BPCL, which he described as a 'major setback' to reforms.
No licensing system should come in the way of the country's progress: Shourie
Communications Minister Arun Shourie on Thursday asked state-owned Mahanagar Telephone Nigam Ltd to make the optimum use of its huge cash reserves and aggressively explore foreign markets.
The government has approved a full-scope programme of the restructured socio-economic project Media Lab Asia for a period of nine years.
The CCD is likely to take up, among other issues, the highly successful public offer of car market leader Maruti Udyog Ltd.\n\n\n\n
The shares of car major Maruti Udyog Ltd would be listed on the National Stock Exchange and Bombay Stock Exchange by July 9-10, its managing director Jagdish Khattar said on Monday.
The Union Communications and IT Minister Arun Shourie on Wednesday invited the Japanese companies to relocate their hardware facilities to India and sought withdrawal of the 20 per cent withholding taxes for software exports.
Union Communications and IT Minister Arun Shourie on Tuesday said that there was a tremendous scope for growth in the Indian IT exports to Japan, which is at present a miniscule $150 million.
The government planned to adopt the 'China approach' to negotiate with the United States on market access to American firms in India, Union IT and Communications Minister Arun Shourie said in Bangalore.\n\n\n\n
Union IT and Communications Minister Arun Shourie on Monday met IT industry leaders including Wipro Chairman Azim Premji in Bangalore and discussed the steps that need to be taken to propel the industry ahead.
Information Technology Minister Arun Shourie on Wednesday asked Indian industry not to read patterns into the recent spate of backlash on Indian IT professionals abroad.
Communication and IT Minister Arun Shourie said on Saturday that the penalty clauses in the telecom licences would be reviewed to make them more stringent and it would be mandatory for companies to comply with them.\n\n\n\n
Communication minister Arun Shourie on Monday apprised Prime Minister Atal Bihari Vajpayee of latest developments in the telecom sector including tariff revision, the issue which rocked the Parliament last week.
Under pressure from various political parties including key members of the NDA coalition, demanding roll-back in telecom tariff, Communications Minister Arun Shourie said on Friday the matter was for the prime minister to decide.
Brushing aside allegations by Massachusetts Institute of Technology that it withdrew from a research project in India due to differences with him, Information and Technology Minister Arun Shourie.
Justice Babu is the 34th Chief Justice of independent India. He will hold the office only for 31 days as he is due to retire on June 1.
A consensus builder, Jaitley was regarded by some as Modi's original 'Chanakya'.
Shipping Corporation of India will continue to be the national flag carrier even after its privatisation and government will have powers to requisition its entire fleet in case of emergency, Disinvestment Minister Arun Shourie said on Wednesday.
The ongoing US-led aggression on Iraq will help India's information technology industry in the post-war scenario, Union Disinvestment, IT and Communications Minister Arun Shourie said on Tuesday.
State-owned Telcommunications Consultants India Ltd is planning to go for an initial public offering for offloading 25 per cent stake in domestic market, subject to government nod.
Union IT and Communications Minister Arun Shourie on Friday said Indian IT companies should diversify to Europe and respond to the outsourcing backlash by expanding its markets.
The government on Saturday allowed roaming facility on mobile phones for Pakistan for a period of four months, apparently in the view of the ongoing Indo-Pak cricket series.
The government on Wednesday expressed confidence about the success of the ensuing public issue of Oil and Natural Gas Corporation.
The government will complete the sale of cash-rich oil refiners Hindustan Petroleum Corporation and Bharat Petroleum Corporation in six to eight months, Divestment Minister Arun Shourie said on Wednesday.
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