Ahluwalia argues that India can attract more capital even in today's world, provided the country retains an open system
The Planning Commission said on Friday that the Reserve Bank of India has some headroom for rate hike of around 50 basis points.
Freight corridor project slipping, needs supervision revamp, says Plan panel.
'Gorkhas are terrific soldiers. They are known the world over for their fighting qualities.'
Union Minister of Commerce and Industries Kamal Nath, would lead a high powered team to Davos in Switzerland sources in the government of India said in an informal chat with rediff.com.
The perspective planning division might get a new lease of life.
Poverty in the country declines to 21.8 per cent of population in 2004-05 from 26.1 per cent in 1999-2000, according to data released by Planning Commission
Parliamentary Affairs Minister Prahlad Joshi has said that 31 bills will be taken up in the monsoon session. Among these include the Digital Personal Data Protection Bill, 2023.
The meetings with the investors at New York, according to sources, are being organised by the US-India Business Council. The USIBC is the premier business advocacy organization representing America's top companies investing in India, joined by global Indian companies, promoting economic reforms with an aim to deepen trade and strengthen commercial ties.
Planning Commission Deputy Chairman Montek Singh Ahluwalia Thursday said there is no reason why India, despite the current global financial turmoil, could not get back to earlier high growth path if it can step up domestic investment demands.
Planning Commission Deputy Chairman Montek Singh Ahluwalia Thursday said there is no reason why India, despite the current global financial turmoil, could not get back to earlier high growth path if it can step up domestic investment demands.
The Planning Commission on Thursday described the International Monetary Fund's growth projection of 8.8 per cent for India as optimistic and said the panel would stick to its outlook.
The medium-term scenario for oil marketing companies (OMCs) is high risk due to the surging crude and gas prices. Apart from OPEC-plus cutting production, the Hamas-Israel conflict has caused fears of supply disruption. The July-September quarter of 2023-24 (Q2FY24) saw positive surprises for OMCs. Strong gross refining margins (GRMs) more than offset weak marketing margins.
Grasim Industries has announced a rights issue of around Rs 4,000 crore with the promoters committed to fully subscribing to their entitlements and to covering any unsubscribed portion. This is to part-fund capital expenditure (capex) of Rs 10,000 crore in a new foray into the paints business. The company has already invested Rs 3,640 crore in the paints business (by Q1FY24). The management has outlined a capex of Rs 5,700 crore for FY24, which includes Rs 4,280 crore allocated for the paints business, of which Rs 1,050 crore has already been spent in Q1FY24.
The RBI's decision to raise repo and reverse repo (short-term lending and borrowing) rates by 25 basis points each to 5 per cent and 3.5 per cent, respectively, on Friday evening was aimed at anchoring price rise.
India, which aspires to grow like China in various spheres, is interestingly against replicating the Beijing model of population control as it feels that a sudden reduction could impact supply of labour.
"I am in favour of generally multilaterally liberalising trade and I think the rest of the world is moving towards doing that in a parallel track," says Montek Singh Ahluwalia.
An ATC Judge on Wednesday heard the Mumbai attack case and accepted a request filed by the Federal Investigation Agency to inspect the boat 'Alfoz' in Karachi.
Submits revised proposal to CCI as Birla Corp deal fails
The committee, to be constituted in a couple of months, would take a comprehensive view on the entire method of estimating poverty, including the Socio-Economic Caste Census 2011.
The US said on Friday that it was keen on forging closer trade ties with India and more investment flow between the two countries.
The PPP model for CIL was first mooted by the Planning Commission.
The poll watchdog faces two Heruclean tasks -- to produce over a million VVPATs in time for the 2019 elections and also iron out manufacturing tweaks in the machines which are already in use.
Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL's Sanand vehicle manufacturing plant. Tata Passenger Electric Mobility Ltd (TPEML) -- a subsidiary of Tata Motors -- and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with the Gujarat government for the potential acquisition of FIPL's Sanand vehicle manufacturing facility, including land, buildings, vehicle manufacturing plant, machinery and equipment, Tata Motors said in a regulatory filing. The MoU also includes the transfer of all eligible employees of FIPL Sanand's vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals, it added.
Batting for the Reserve Bank of India and the finance ministry, the Planning Commission on Friday said concessions to special economic zones should be at par with those provided to infrastructure projects.\n\n
Known to be having extensive expertise in dealing with India's neighbourhood as well as the US, China and Europe, the 1988-batch Indian Foreign Service (IFS) officer pipped nearly half-a-dozen others in the race for the coveted post including Indian High Commissioner to UK Gaitri Issar Kumar (1986-batch IFS) and Ruchira Kamboj (1987 batch IFS).
India, still punching well below its weight in terms of drawing foreign investment, showcased its vast potential in Singapore and sought more FDI in the country's lucrative infrastructure sector.\n\n\n\n
Prices of natural gas, which is used to generate electricity, make fertiliser and is converted into CNG to run automobiles, were on Friday hiked by a steep 40 per cent to record levels, in step with global firming up of energy rates. The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to $8.57 per million British thermal units from the current $6.1, according to an order from the oil ministry's Petroleum Planning and Analysis Cell (PPAC). Simultaneously, the price of gas from difficult and newer fields like the ones in Reliance Industries Ltd and its partner bp plc operated deepsea D6 block in KG basin, was hiked to $12.6 per mmBtu from $9.92, the order said.
'Entire process of meeting individual legislators of Congress party has been completed with great bohemia.'
When asked if the African cheetahs will adapt easily to the Indian habitat, she said that the species are adaptable and India has a history of their presence.
The government plans to remove the definition of broadcasting services altogether from the bill to help reduce confusion among stakeholders.
Have inequality levels, as represented by the Gini coefficient, risen from 30.3 in 1983 to 34.3 in 2004-05?
As the air pollution in Delhi-NCR ameliorated over the last two days, the Centre's air quality panel Sunday directed authorities to lift the ban on plying of non-BS VI diesel light motor vehicles in the region and the entry of trucks into the capital imposed under the final stage of the Graded Response Action Plan.
'There are major implications for India. Though there was a transparently thin attempt to project the troop reduction as intended to promote peace, the downsizing is actually part of plans to streamline and strengthen the PLA, capable of defending China's national interests at home and abroad,' says Jayadev Ranade.
India may be trying to become a crude oil refining hub but the country's apex planning body has raised doubts on the feasibility of adding more refining capacity.
India will soon become a favourite destination for foreign investors and will be able to double the foreign direct investment that presently stood at about $4.4 billion, according to one of the architects of the country's financial policies.
India on Thursday lashed out at the 'protectionist' tendencies in some parts of the world against the movement of its skilled professionals, particularly in the sectors of IT, tourism and education.
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