The Department of Industrial Policy & Promotion and Planning Commission member Arun Maira are sticking to their guns on foreign direct investment in the pharmaceutical sector.
If the presentation made by the Commission to the chief ministers is followed in letter and spirit, central sector and sponsored schemes will no longer be the domain of central ministries alone.
Around 600 non-flying staff of Air India and Vistara are likely to be impacted by the two airlines' mega-merger, and efforts will be made to provide job opportunities to the affected employees within Air India group and Tata companies, sources said on Wednesday. Tata Group-owned loss-making full-service carriers -- Air India and Vistara -- together have more than 23,000 employees.
Government-owned Life Insurance Corporation of India (LIC) has seen substantial gains from its investments in Adani group shares, which have experienced a significant recovery over the past year. The value of LIC's stake in Adani group companies surged by 51.6 per cent, or Rs 22,591 crore, reaching Rs 66,388 crore as of Friday's close. This compares to Rs 43,797 crore on May 31 last year, according to stock exchange data.
The state government cancelled the exam on March 2, following reports that the paper was leaked.
The Adani group, buoyed by a sharp recovery in its share prices over the past year, is set to embark on a series of roadshows this week to raise up to $4 billion (approximately Rs 33,254 crore) through equity and refinancing of older debt, according to banking sources. The roadshows, scheduled to take place in major cities, will inform investors about the group's investment plans across renewable energy, petrochemicals, and infrastructure development.
'Those who feared that I would have run one hell of a campaign targeting the most powerful people in India snatched away my democratic right from me.' 'I will expose these democracy-killers.'
The issues concerning growth and Mid-Term Review of the 11th Plan came up for discussion at the first meeting of the newly constituted Planning Commission. The 11th Plan had set an average economic growth target of 9 per cent for 2007-12. Although the economy during 2007-08 expanded by 9 per cent, growth plummeted to 6.7 per cent during 2008-09 on account of the impact of the global crisis.
The Planning Commission will soon set up a core group to coordinate relief work in areas affected by the December 26 tsunami disaster that left over 10,000 people dead and damaged property worth $ 1.5 billion.
In a bid to defuse the controversy over the appointment of "foreign" consultants, the Planning Commission on Thursday announced dissolution of all the consultative groups established for mid-term appraisal of the 10th Plan.
Avoid relying on a bank RM for investment advice. Instead, approach a Sebi-registered investment advisor whose livelihood depends on the fee paid by his customers and not on product commissions.
'New Delhi has to make up its mind whether it wants to be a friend of the Bangladeshi people or they want to be a friend of a section of people, or one party or one leader'
'Everyone is unhappy with the lieutenant governor's administration, which is ignorant, high-handed, and inaccessible.'
The document also recommends setting up of a high-level committee with the task of examining the option and asking it to submit a report within six months.
Explore, engage, participate and excel in as many co-curricular activities and hackathons as possible to improve your self-confidence, communication skills and overall personality, advises rediffGURU Chocko Valliappa.
A BSP functionary said it was a "planned murder" and claimed there was an "intelligence failure." Therefore, the central agency should probe the case.
In the past five years, UP's Opposition remained passive and defensive against the BJP, a trend that does not augur well for the impending battle.
In appointing Lt Gen Dwivedi, the government followed the seniority principle.
Meta is working closely with the Election Commission. This enables the Commission to flag unlawful content.
CCI decided to pursue investigation on two issues - these relate to "exclusivity regarding the mode of payment for the purchase of apps and in-app purchases" and "pre-installation and prominence of Google Pay on Android smartphones".
Rajan Committee has evoked divergent reactions from the states.
The visit is part of the "Op Deployment of #IndianNavy's @IN_EasternFleet to the #SouthChinaSea," it said, amidst China flexing its muscles in the South China Sea.
A Delhi court has ordered framing of charges against banned terrorist organisation Indian Mujahideen's (IM) co-founder Yasin Bhatkal and several of its operatives, including Mohammed Danish Ansari, in a case of conspiring to wage war against India in 2012.
The flight cancellations and delays of Vistara in the last few days were due to unfavourable weather, air traffic congestion and unforeseen aircraft maintenance, and cannot be solely attributed to pilot absenteeism, the airline said on Thursday. The airline's response comes after reports stated that some pilots had gone on sick leave to protest the new salary structure offered to them as part of Vistara's merger with Air India. "We confirm that we have had a few flight cancellations and unavoidable delays in the last few days.
The government plans to resurrect the ministry of disinvestment in a bid to raise resources by selling its shareholding in public sector companies.
The Eleventh Plan draft document has built a strong case for relaxing foreign direct investment norms in key sectors like insurance, private banking, single brand retailing and broadcasting. The draft would be discussed at full Planning Commission panel meeting on Thursday.
Seemingly expressing his displeasure against ministers demanding three more deputy chief minister posts in Karnataka, state Congress president D K Shivakumar on Tuesday said the party would respond to them appropriately.
There would be a gap in legislation to be caused by proposed winding up of MRTPC with respect to unfair trade practices. The gap can be filled in be establishing NCPA through enactment of National Consumer Protection Authority Act, the document said. The MRTPC, which has been looking into various unfair trade practices would be wound up to make way for Competition Commission, which is likely to be fully operational by the end of next year.
Life has come full circle for Nobel laureate Professor Mohammad Yunus, who faced persecution during Sheikh Hasina's regime for embezzlement, is now all set to head of the interim government in Bangladesh after she resigned and fled the country.
West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver.
On a daily basis, AMCs are required to disclose the Total Expense Ratio of all mutual fund schemes except infrastructure debt fund schemes on their respective websites.
'Can you imagine that Surat's voters won't have any say now in exercising their fundamental right to choose a candidate of their own choice? This is what the BJP has reduced India's democracy to.' 'With this ugly act, in one stroke, the BJP has disenfranchised the voters of Surat.'
The government must develop a legally tenable mechanism in order to restore the cycle of simultaneous elections.
The Planning Commission in May 2012 had constituted the expert group under the then Prime Minister's Economic Advisory Council Chairman C Rangarajan to review the Tendulkar Committee methodology for estimating poverty, following an uproar over the number of poor in the country.
Although the credit for acquiring the technological skill must be given to India's outstanding nuclear scientists, the decision to go nuclear was a political one that entailed clarity of vision, courage and resolve, points out Rup Narayan Das.
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