Financial power-house JP Morgan's Rs 175 crore (Rs 1.75 billion) investment in its Indian arm was among the 44 foreign direct investment proposals worth Rs 222.19 crore (Rs 2.22 billion) cleared by the government on Tuesday.\n\n\n\n
General N C Vij who is expected to meet his Chinese counterpart and the defence minister of the Communist giant, said he was hopeful the talks would help in giving further boost to bilateral ties.
The government on Thursday cleared the Rs 30 crore (Rs 300 million) FDI proposal of a Chinese company, Haier Electrical Appliances to set up a 100 per cent subsidiary in India.
Non-Resident Indians in the Gulf have urged Finance Minister Jaswant Singh to retain the present tax benefits for NRIs returning home permanently and not abolish the Not-Ordinarily Resident status now valid for nine years.
Finance Minister Jaswant Singh on Tuesday ruled out the merger of IDBI with IFCI in the near future and said all efforts would be made to restore the state of health of these organisations. \n\n
The government on Thursday cleared 47 proposals envisaging Rs 285 crore (Rs 2.85 billion) foreign direct investment, including a proposal by Hewitt Associates to set up a 100 per cent subsidiary in India with Rs 120 crore (Rs 1.2 billion) investment.
Government is likely to prepay another $3 billion worth of costly foreign loans this fiscal in continuance to the exercise started by Finance Minister Jaswant Singh last fiscal for reducing interest burden and fiscal deficit.
With international crude oil prices spiralling to a 12-year high at over $37 a barrel, Petroleum Minister Ram Naik pinned hopes on Finance Minister announcing some fiscal measures to avoid a certain increase in prices of petroleum products,
Petroleum Minister Ram Naik on Friday said oil companies will revise prices of domestic LPG only after Finance Minister Jaswant Singh replied to the Budget debate in Lok Sabha on Tuesday next.\n
CII director general Tarun Das said, "It has outlined new strategies for growth with reduction of excise duty."
Finance Minister Jaswant Singh is likely to trigger off pension reforms for the unorganized sector in this Budget by exempting tax on a standardized pension policy, which could be sold by insurers at a meager price.
The government on Tuesday assured the Rajya Sabha that officials found guilty by the Joint Parliamentary Committee, which looked into the stock scam and the temporary freeze on Unit Trust of India's flagship scheme 64 will not be spared.\n\n\n\n
Finance Minister Jaswant Singh will launch screen-based retail trading in government securities (G-sec) on the stock exchanges
One-time solution for IDBI, IFCI soon: FM
The Vijay Kelkar task force on direct and indirect taxes, submitted its report to Finance Minister Jaswant Singh.
Stung by widespread criticism within the ruling Bharatiya Janata Party, Kelkar Committee on tax reforms is expected to submit watered down final reports on direct tax and indirect taxe
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