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The finance ministry has rejected the formula and, instead, suggested an alternative that takes into account well-head prices of suppliers in Qatar, Oman, Abu Dhabi and Malaysia.
The government wants an agreement with the Indian Olympic Association and National Sports Federations on the contentious Sports Code before having a joint meeting with the International Olympic Committee next month, Sports Secretary P K Deb said on Saturday.
Talks between Tehrik-e-Taliban Pakistan and the Pakistan government are at standstill position, as both the parties blame each other for 'non-serious' attitude during the much-awaited peace negotiation.
Rape that leads to death of the victim or leaving her in a vegetative state can now attract death penalty under an ordinance cleared by the Union Cabinet on Friday night in a bid to fast-track stringent amendments to the criminal laws to check crime against women.
The government has identified 51 districts in 16 states for the roll out of the scheme.
The commission has disagreed with another key proposal -- that of allowing operators a deferred payment scheme after the auction.
Dismissing suggestions that Congress General Secretary Rahul Gandhi's idea of giving constitutional status to Lokpal Bill was a delaying tactic by the Congress, the ruling party made it clear that it was for the collective wisdom of the Standing Committee and Parliament to accept the proposal.
Union Minister of Commerce and Textiles Piyush Goyal has stirred up a hornet's nest by taking on India Inc, specifically the Tata group, which is among the companies that lobbied against the Modi government's pro-consumer draft e-commerce policies. While Goyal's comments, made at a Confederation of Indian Industry (CII) event, were streamed live on YouTube, the industry lobbying body later edited the video and subsequently withdrew the entire speech. Goyal had said the Tata group and other Indian companies often lobbied for their interest, while ignoring national interest.
Finance Minister Pranab Mukherjee on Wednesday hinted at financing for sorting out Eurozone crisis after a credible assessment of solvency problem is made.
Officials said the Centre would have to bear an additional subsidy burden of Rs 4,161 crore this financial year, if this proposal was implemented.
State-owned Oil and Natural Gas Corp (ONGC) plans to invest USD 2.894 billion (about Rs 15,340 crore) in developing its ultra-deepsea UD-1 gas discovery in the Krishna Godavari basin by 2016-17.
DIPP's proposal is believed to have the support of the ministry of consumer affairs, food and public distribution and was originally mooted by the Forward Markets Commission.
Other proposals include grading of hospitals, expanding network.
The new definition for completely knocked down (CKD) units of vehicles introduced in the Budget for 2011-12 has pushed up sales figures of luxury cars.
Welcoming the amendments proposed by the government to its petition on the Ambani gas row, Anil Ambani on Tuesday said his group company RNRL's dispute with Mukesh-led RIL was commercial and pertained to the demerger of the Reliance businesses.
The board of directors have proposed a dividend of Rs 3.50 per share on the face value of Rs 10 per share to the shareholders.
The Securities and Exchange Board of India is all set to begin the proposed peer audit review of the companies that form the Sensex and Nifty benchmark indices.
Under the terms of the agreement, British Airways will hold 55 per cent in the new entity TopCo -- and the rest will go to Iberia.
Poultry deaths due to the dreaded bird flu reached over 1.18 lakh in West Bengal on Thursday as the culling operations were sped up with teams fanning out to three more districts.
Even as consensus eluded on the entry of foreign universities in the country, Human Resource Development Minister Arjun Singh on Wednesday indicated the reservation policy will apply in these institutions.
Many goods are likely to become more expensive as the government mulls to lift duty exemptions on them.
Fertilizer sector on Friday sought gas supplies from Reliance Industries's KG-D6 block at no more than 5 dollars per million British thermal unit, even as the power sector nudged the government to take its share of gas in kind.
The much-hyped $350-million project had seen the first concrete step when the agreement for the proposed technology venture between the state government and the Dubai-based Tecom was inked on May 15, 2007. The project, to come up at Kakkanad in Kochi is expected to be constructed by adopting globally-benchmarked environmentally-friendly practices that will make its developments highly energy and resource efficient.
Service attitude and overall grooming are important.
Barely two weeks after the Reserve Bank of India permitted 49 per cent foreign stake in stock exchanges
The creditors of Daewoo Electronics have rejected the proposal of the Videocon Industries-led consortium to acquire the company for a lower price, with a part of the proceeds being invested in the company in the form of convertible bonds.
Facing a wall of opposition from industry and business to job reservation in the private sector, the government may take up the matter after the assembly polls in five states.
Sumitomo Corporation has acquired 15.62 per cent stake in Swaraj Mazda held by its foreign partner Mazda Motor Corporation.
The government on Thursday increased the pension amount under the National Old Age Pension Scheme from Rs 75 to Rs 200 per beneficiary per month for persons of the age of 65 and above.
Hindustan Times is offloading 20 per cent of its equity to Henderson Global Investors, an Australian private equity fund, in the first formal proposal for foreign direct investment in the print media in the news and current affairs sector.
The government on Thursday said it will encourage mergers of public sector banks to create strong entities, which can compete with other world-class banks.
In the wake of renewed threats from the unions to stall the proposed public offering of shares, the government is reworking its strategy to go ahead with the divestment of National Aluminium Company.\n\n\n\n
While conditional access system continues to remain in disarray, the first direct-to-home television service in the country is likely to take off by October 1 with a Zee promoted company signing its license agreement with the government on Friday.
'I did not ask their religion when I rescued them and they did not ask my religion when I helped them get onto the boat.' 'The moment I came out of my house on this mission, I am an Indian, I am a human being,' says Mohamed Yunus, who helped save hundreds of people on the flooded streets of Chennai.
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