The government on Friday cleared 21 foreign direct investment proposals envisaging Rs 35.55 crore (Rs 355.5 million) investment, including Rs 27 crore (Rs 270 million) proposal by Advanced Mineral Asia Pte.
Bharatiya Janata Party chief M Venkaiah Naidu and Union Finance Minister Jaswant Singh were also present at the prime minister's Race Course Road residence when the discussion took place.
Manufacturers Association of Information Technology on Tuesday demanded that excise duty should be halved to eight per cent to provide necessary tax incentive to the languishing sector.
Expressing concern over India's rising inflation, Finance Minister Jaswant Singh said on Thursday that macro economic situation remained 'comfortable' in 2002-03
The government on Tuesday cleared 23 foreign direct investment proposals worth Rs 63.41 crore (Rs 634 million).
Parliament on Tuesday completed the three-stage Budget exercise with Rajya Sabha returning the Finance Bill, 2003 after Finance Minister Jaswant Singh promised to move towards simplified 'Green Channel Tax System' based on trust.\n\n\n\n
Finance Minister Jaswant Singh on Friday virtually dismissed allegation that his ministry sat over the Rs 30,000 crore (Rs 300 billion) fake stamp paper scam for over a year and said government plans to introduce a paperless system by 6-8 weeks.
Late 'big bull' Harshad Mehta, largest car maker Maruti and liquor major Shaw Wallace are among top 20 corporate and individual income tax defaulters, Lok Sabha was informed on Friday.
The government on Monday decided to scrap the tenders for privatisation of Delhi and Mumbai airports, and invite fresh bids within a fortnight, highly placed sources said.
Finance Minister Jaswant Singh said on Wednesday the value-added tax system cannot be implemented across the country until all preparations are completed.
Finance Minister Jaswant Singh on Tuesday approved 23 foreign direct investment proposals involving Rs 40.76 crore (Rs 407.6 million) including that of US-based Pitney Bowes to set up a wholly-owned subsidiary in India.
The government said on Tuesday that the total default of public sector undertakings towards their workers stood at Rs 2082 crore (Rs 20.82 billion) and it was taking steps for redressing the grievances of the employees.\n\n\n\n
Proposals of Principal Financial Group, South African Breweries, AB Electrolux and Caterpillar Inc were among the 52 foreign direct investment cases totalling Rs 321 crore (Rs 3.21 billion) approved by the government on Thursday.
Brushing aside criticism that the Budget was not growth-oriented, Finance Minister Jaswant Singh on Saturday said the focus on infrastructure and certain other sectors will provide "quick returns" for higher GDP growth and employment.
President A P J Abdul Kalam left New Delhi on Saturday on a week-long visit to the United Arab Emirates, Sudan and Bulgaria, his first foreign tour after assuming the high office.
Jairam Ramesh, said Finance Minister Jaswant's Singh's maiden endeavour had failed to address the problem of deceleration of economic growth, which had not risen beyond five per cent during the last five years.
The Naresh Chandra Committee has observed that the physical strength of the Department has not kept pace with the increased strength of companies in India
The government on Monday cleared 18 foreign direct investment proposals involving Rs 118.93 crore including Standard Chartered Private Equity's plan to pick up 14.35 per cent stake in NDTV for Rs 52.88 crore.
The government on Tuesday cleared 34 foreign direct investment proposals worth Rs 617.28 crore, including Zee Telefilm's plans to issue Rs 480 crore foreign currency convertible bonds to two foreign companies.
Enthused by over 8.0 per cent growth in the last two quarters, Finance Minister Jaswant Singh on Tuesday said the economy could achieve a 'double-digit' growth in the coming years.\n\n\n\n
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