The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
Food Corporation of India will be the nodal agency.
Govt seems to bullish to meet its disinvestment target in current fiscal.
India is expected to harvest bumper crop this year based on estimates of higher food grains production in Kharif (summer sown) and hopes of better Rabi (winter) crop with enough water in reservoirs, Finance Minister P Chidambaram said.
Civil Aviation minister says that certain regulations restricting the growth in the aviation sector needs to be re-looked to attract investments.
Naresh Goyal-led Jet has also changed the shareholders agreement and amended the investment agreement and the articles of association, as suggested by the Foreign Investment Promotion Board, headed by DEA Secretary Arvind Mayaram, official sources said.
Earlier, an inter-ministerial group used to take these decisions.
Though the developments are positive, analysts say the benefits will accrue only in the long run
The two companies are hopeful of winning over at least one regulator's go-ahead this week itself for their deal, which happens to be the first FDI by a foreign airline into India.
The government had allowed companies in February last year to launch probe missions to find more oil and gas within already-producing areas.
The letter was written on February 20, two weeks after the Cabinet Committee of Economic Affairs had approved the 100 per cent ownership proposal of Vodafone Plc in Vodafone India, at a proposed investment of Rs 10,141 crore (Rs 101.41 billion).
Under pressure from his party, Oil Minister M Veerappa Moily said the government is considering increasing the quota of subsidised LPG cylinders to 12 per household even as hints were dropped of a one-time hike in diesel and LPG rates
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Benchmark indices finished higher on hopes of economic reforms
Govt notification on $8.4 a unit price likely by month-end
The move is aimed at making it easier to do business in India.
Paving way for closure of long-pending Jet-Etihad deal, fair trade regulator CCI on Tuesday approved the proposed acquisition of 24 per cent stake in the Naresh Goyal-led Indian carrier by Abu Dhabi-based airline.
When big offers hit the market, broader indices corrected 2-4%
FDI in the defence sector during 2000-2014 has been a meagre $4.94 billion, despite the total FDI flow into the country across sectors standing at $321.81 billion.
The good news is that within the first 14 months, orders for manufacturing and commissioning of the entire 88,537 Mw capacity for the 12th Plan have been placed, according to the Central Electricity Authority, the country's apex power planning body.
The Cabinet Committee of Economic Affairs has approved a hike in gas prices from April 2014.
A day after deciding to nearly double natural gas prices to $8, Finance Minister P Chidambaram on Friday hinted that power and fertiliser units may get gas at subsidised rates to keep electricity and urea costs down.
India' can't succeed unless it is made easier for people to do business.
'There is a trade in goods, a lot of tariff.'
Reason behind for the change in his stance: gas price increase.
They also voiced concerns over a double penalty being sought to be imposed on them for KG-D6 fields output not matching targets.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances