The new frigates will be fitted with BrahMos supersonic cruise missiles.
India-born billionaire Lakshmi N Mittal's proposed Rs 3,365 crore investment in Hindustan Petroleum Corp Ltd's Bhatinda refinery in Punjab will have to wait for government approval as the Cabinet did not take up the issue on May 24.
Central government's plan to import pulses to rein in inflation is continuing with renewed vigour as state-run agencies have contracted imports of 437,000 tonnes of pulses till this week.
The committee has been constituted under the chairmanship of the Commissioner of Security (Civil Aviation) to prepare aviation security manual on handling aircraft hijack situation.
Announcing the decision to go ahead with the exercises planned in Kalaikunda Air Base near Kolkata, Mukherjee told reporters on Friday, "Everything has been sorted out."
MCA is a legal contract, which prescribes the terms and conditions for executing a road project.
The much-awaited special purpose vehicle for funding infrastructure projects is all set to take off by next month with the Prime Minister's Committee on Infrastructure giving it a green signal.
The Left parties have slammed the government for the vote.
Till now, India has been importing Israeli-made 'Heron' medium and high altitude series of UAVs for the three services, which are using them extensively for surveillance operations in Jammu and Kashmir and certain other strategic areas.
The Cabinet Committee on Economic Affairs on Thursday referred the issue of selling the government's residual 30 per cent stake in Hindustan Zinc Ltd to a Group of Ministers for a final decision.
Housing finance leader HDFC's bid to cash in on India's booming real estate got a boost with the government on Thursday allowing a global realty fund sponsored by it to invest up to $720 million (Rs 3,240 crore) in the country.
The government on Thursday night decided to set up six AIIMS-like institutions in 'under-served' states of Bihar, Chhattisgarh, Madhya Pradesh, Orissa, Rajasthan and Uttaranchal at a total capital cost of Rs 1,992 crore.
It is understood that the agency wanted to put a fresh set of questions to him regarding the deal and hence had asked him to appear.
The MoU will be signed during Home Minister Shivraj Patil's 5-day visit to China.
The early tabling of the financial Budget ends a 70-year tradition.
The Cabinet Committee on Political Affairs took a decision to this effect in the wake of the scrapping of the IMDT Act by the Supreme Court.
Russia will build three stealth warships for India under a Rs 5,514-contract signed in New Delhi on Tuesday.
The IT modernisation project with this outlay was approved by Cabinet Committee of Economic Affairs in November 2012.
Modi said the House did not witness any earthquake, an apparent reference to claims of Rahul Gandhi that his revelation on Rafale would create tremors.
Hindustan Organic Chemicals Ltd has informed BSE that the Ministry of Disinvestment is in the process of considering the proposal for divestment of equity shares of about 32.61% held by the government in HOCL.
The IAF and USAF would begin a 12-day exercise at Kalaikunda base from November 7 and West Bengal's ruling CPI (M) has threatened to mobilise 30 lakh activists in statewide protests against the event.
Estimated to cost Rs 125 crore, the centre, will be set up in Hyderabad.
Finance Minister P Chidambaram said on Thursday that the government would ensure ample supplies of essential commodities including food grains to check prices and assured more fiscal steps to contain inflationary pressures.
The sources said the matter should have been referred to the Cabinet Committee on Economic Affairs as foreign investments above Rs 600 crore (Rs 6 billion) can only be cleared by Cabinet Committee on Economic Affairs headed by the Prime Minister.
To be bought at a cost of over Rs 1,000 crore (Rs 10 billion), these jets will replace the two ageing Boeing 737-200 aircraft purchased in 1983 for VVIP travel, Defence Minister Pranab Mukherjee.
Government has targeted to garner about Rs 56,500 crore through selling its stake in PSUs.
FDI in real estate will now be through the automatic route and not through the Foreign Investment Promotion Board.
ONGC Videsh Ltd, the overseas investment arm of state-owned ONGC, and Chinese firm Sinopec have jointly won the bid to acquire Columbian oil firm Omimex de Columbia.
Singling out the Congress as the only opponent to the GST, the government hopes to pass the bill after the altered numbers in the Upper House, reports Archis Mohan.
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