The industry ministry in a recent concept paper proposed raising the FDI cap in the defence sector to 74 per cent.
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Apprehensive that the Reserve Bank may tighten the screws on money supply to rein in the wayward inflation, the industry said the central bank should refrain from taking any knee-jerk reaction.
The council, headed by Finance Minister Arun Jaitley, will meet again on December 11 and 12 to hammer out the differences.
The much awaited new indirect tax regime Goods and Service Tax (GST) is unlikely to be implemented from the scheduled date of April 1, 2011, a top government official said on Tuesday.
Disinvestment secretary Sunil Mitra last month wrote to his counterpart in Petroleum ministry R S Pandey seeking comments on 'public offerings from Government's shareholding' in ONGC and IOC. While government has not allowed IOC and other retailers Bharat Petroleum and Hindustan Petroleum to raise petrol, diesel, domestic LPG and kerosene price in line with the cost, they have not been given the promised compensation.
The 2009 Budget had raised the rate of MAT to 15 per cent. The industry wants it to be lowered to at least 10 per cent in the forthcoming Budget.
While the government has the option of ensuring the passage of these Bills as money Bills, there are voices within the government advising discretion on the GST roll-out by April 1.
Frenzied scenes were witnessed at the airport this morning when Pele landed in the Kolkata after 38 years as the 74-year-old Brazilian turned emotional and stood on the floor of his SUV to wave at the crowd, who kept chanting his name.
The much-hyped winds of change may not be blowing strongly enough for North Bengal, which seems reluctant to give up its red awning, finds Indrani Roy Mitra
A group of Maoists kidnapped a school headmaster in West Bengal's Bankura District on Friday evening and threatened to kill him if the state government failed to release the six villagers arrested after police officer Rabi Lochan Mitra's murder. On Friday evening, the armed Maoists barged into Shibram Satpathy School in Sarulia village of the District and went around searching for its headmaster Ranjit Duley.
In a tete-a-tete with Indrani Roy Mitra, young artist Paramita Chakraborty discusses her rather philosophical outlook towards life, her career and artistic influences.
The Insurance Bill that the Bharatiya Janata Party government had announced would be passed in the winter session of Parliament has run into rough weather.
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
'Publicity looks good, but the reality is different... all sections are feeling harassed'
Sukanya Verma lists 10 of her favourite songs of the year, in no particular order.
Ficci is also concerned that outsourcing, relaxation of export-controls on dual-use technology are other issues that can 'hinder' the burgeoning relationship.
A powerful bomb contained in a can was found at the Howrah railway station in Kolkata on Thursday, but it was defused before it could cause any damage
Mohun Bagan's Moroccan coach Karim Bencherifa stepped down on Thursday following the club's ongoing poor performance in the I-League this season. Former Mohun Bagan midfielder Satyajit Chatterjee was named the team's coach for the remainder of the season.
The exercises will be held after a gap of one year as both the sides were locked in a 73-day standoff in Doklam in the Sikkim sector of the border in 2017.
Banerjee, however, didn't clarify whether any other minister of her cabinet would attend the meeting on her behalf or not.
Mamata Banerjee predicts the BJP-led NDA will not get more than 150 seats in the next Lok Sabha election.
Mohun Bagan, East Bengal blast AIFF after Goan clubs quit I-League
Here's a first look at designer Kallol Datta's collection, showcased on Day Two of Kolkata Fashion Week.
Sky-high gold jwellery prices will haunt buyers in 2010 also though India is better placed than its global peers, where people are slowly turning back to purchases, according to World Gold Council.
Presently, the list that we have of profit-making PSUs for divestment is based on financial numbers from 20007-08.
A new dimension will be added to the India's growth story by Bharti Airtel's acquisition of Kuwait's Zain Telecom, besides enhancing the country's brand equity
The upward revision in the tax collection target comes in the wake of 8.9 per cent economic growth during the first half of the current fiscal.
Faced with the dichotomy of overflowing granaries and rising commodity prices, Prime Minister Manmohan Singh on Tuesday said the government will do 'everything possible' to put the lid on food inflation.
All four persons, including state minister Sabitri Mitra's son-in-law Samadip Sarkar alias Tinku, accused of beating up Election Commission personnel in Malda's Manikchak area were arrested on Friday.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
Having altered the income tax slabs in the Budget, the Finance Ministry on Thursday said the next round of widening of the tax slabs is possible when the direct taxes code (DTC) comes into effect, likely from 2011-12.
India Inc on Friday expressed the hope that the robust 17.6-per cent industrial growth in April will help the economy grow by 8.5 per cent in this fiscal, even though factory output growth may moderate after June.
Mohun Bagan on Thursday wrote a 255-page letter to football's world governing body FIFA, challenging the interim relief to India captain Bhaichung Bhutia.
A police officer and a Maoist were killed and two others injured in a gunfight between the security forces and the ultras at Sarenga in Bankura district, the police said on Thursday.A group of armed Maoists shot at and injured local Communist Party of India - Maoist leader Tarashankar Patra late on Wednesday night. On getting the information, police and joint forces rushed to the spot, and a gun-battle ensued.
Global rating agency Moody's on Friday said that India's ratings may be downgraded if the government debt rises substantially, due to a lack of medium-term reforms and delay in privatization among others.
Meet Ashutosh Upadhyay & Snehesh Mitra, two IIT-ians who founded EasySquareFeet.com to offer hassle-free solutions for home-hunters.
Some eyewitnesses said the driver, who is among the injured, tried to speed across the level crossing even when onlookers tried to draw his attention to the approaching train.
In a candid conversation with rediff.com's Indrani Roy Mitra from an undisclosed location late on Wednesday night, Kishanji talked about his party's ideology, the road of violence, problems of tribals in Lalgarh among other things.
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