Prime Minister Manmohan Singh on Tuesday held discussions with Commerce and Industry Minister Kamal Nath and is believed to have reviewed the Satyam issue, a day after the minister came out in support of extending financial help to the beleaguered IT firm.
The approvals would be handled independently by administrative ministries of different sectors.
The apex court also restrained e-commerce websites like Flipkart and Amazon from selling firecrackers which are beyond the permissible limit.
In dollar terms, exports declined by 33.3 per cent over March 2008, the largest monthly decline yet. For the year as a whole, exports came in at $168.7 billion, significantly short of the original target of $200 billion and also below the revised range of $170-175 billion.
The country's largest real estate player, DLF, on Friday said it has approached the government for surrendering four of its IT-ITeS notified special economic zones (SEZ).
The finance ministry on Wednesday ruled out more than 26 per cent foreign direct investment in pension sector and said fund managers would be selected through a competitive bidding process.
The Reserve Bank of India is expected to hold interest rate at 8 per cent in its fifth bi-monthly monetary policy review on Tuesday.
From a balance of payments perspective, however, the continuing decline in exports is not particularly threatening, because imports have been declining even faster than exports.
US-based coffee retail chain Starbucks on Friday said it was withdrawing its application to operate single-brand retail stores in India, thus delaying its entry into the country.
'If the mandis were not working in Delhi, or the onion market in Nashik got affected, or there were disruptions because of unloading or loading in any sector in south India, we intervened.'
Non-performers were not punished, performers were not rewarded, points out Utkarsh Mishra.
'It has been a phenomenal effort at all levels of the government.' 'People were working 15-16 hour shifts in the central government, in the state governments, in the districts....'
.jpg)
Exports picked up to post a growth of nearly 13 per cent.
Developers had been urging dual usage of their SEZ land since the beginning of global financial recession in 2008.
DIPP seeks automatic approval, has Plan panel and DEA's support.
With states in north India imposing stricter measures to curb intra-state movement after April 20, makers of summer products such as air conditioners, refrigerators, colas, and ice creams are estimating a 25-60 per cent drop in yearly sales.
Kerala's Tirur betel leaf, Tawlhlohpuan and Mizo Puanchei from Mizoram, and Palani Panchamirtham, a temple 'prasadam' from Tamil Nadu have been awarded Geographical Indication tag.
India's software exports suffered a severe setback in March declining by 96.6 per cent to $1 million from the year-ago period due to recession in world's major economies like the US and the Europe.
Since most banks have tightened lending to diamond merchants and others are about to do so, many medium and small diamond dealers are approaching large players for credit facility within the industry
Gold imports surged by nearly four-fold to $4.17 billion in October to meet the festival season demand.
Dismal performance by electricity, crude petroleum, coal and cement sectors pulled down the growth in infrastructure to just 2.6 per cent last month compared to a robust 10.2 per cent in July 2002.
The decision regarding this was taken by the Board of Approval in its meeting on September 18.
India is all set to train a large number of cotton traders from African countries from Tuesday.
The FM said an announcement with regard to the additional steps will be made after consulting Prime Minister Narendra Modi.
Hong Kong-headquartered Growth-Link Overseas has announced it would invest Rs 300 crore to build a manufacturing facility for Nike footwear at Cheyyar, near Kancheepuram in Tamil Nadu.
The exercise is aimed at finalising India's position for a free trade agreement with BIMSTEC nations.
The BJP-led government may not permit foreign retailers to open mega stores in the country as such a move may adversely impact small traders and farmers, new Commerce and Industry Minister Nirmala Sitharaman indicated.
Growth in output of coal, cement and electricity slowed to 0.3%.
The declining trade deficit figures clearly reflect that the US exports to India are increasing.
A meeting to discuss what goods should be included in the negative list of items for India-European Union Free Trade Agreement, was held here recently.
In view of popular sentiments, the Goa government had decided to scrap 12 SEZs and sought denotification of three SEZs from the Centre. In view of popular sentiments, the Goa government had decided to scrap 12 SEZs and sought denotification of three SEZs from the Centre. The three SEZs for Meditab Specialities, Peninsula Pharma Research Centre and K Raheja Corporation had started work on the sites before the state government issued them stop-work orders.
The decision was taken in the meeting of the Board of Approval headed by Commerce Secretary Rajeev Kher on September 18.
Maintaining his optimism that India will achieve export target of $160 billion for 2007-08 despite currency related troubles, Nath said his ministry is preparing a Cabinet note for expanding coverage of refunds to exporters. The government had announced a Rs 1,400-crore (Rs 14-billion) package for exporters in July and exempted seven items from service tax.
This lack of regular and detailed disclosure by companies or respondents lies at the core of the problem, one that has gained ground in recent weeks.
Guar Gum Manufacturers' Association president G L Sarda said that the industry will definitely participate with the government in the project. "It is high time we fund research projects to develop new varieties of guar seeds," Sarda said.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances