India needs to look at newer markets for exports apart from the three primary markets of the European Union, the US and Japan, Union Minister of State for Commerce and Industry Jyotiraditya Scindia said on Wednesday.
The power ministry has got an assurance from the government that its company will be duly compensated.
India is negotiating for a comprehensive economic partnership agreement with Malaysia and Japan and a broad based trade and investment agreement with the EU.
The finance ministry has suggested forming a GST council, headed by the Union finance minister, to address disputes between the Centre and the states in the proposed GST regime.
Industry lobbies have begun pre-budget consultations with the Union finance ministry for 2010-11.
Every organisation will also prioritise the areas requiring mandatory inspection, and the cases forwarded by the CAIU will be on data and evidence basis.
Top finance ministry officials and members of Planning Commission on Friday gave a thumbs up to the Union Budget 2003-2004 saying Finance Minister Jaswant Singh had laid out a roadmap for greater flow of investment and industrial growth.
According to sources close to the development, finance secretary Ashok Chawla, who is driving the process, is working on a concept note to provide the framework for consolidation.
Tells RBI this is not the time to consider such a foray, especially given the lack of funds to spare for such a venture.
The Supreme Court has said it has no information about the Union minister, who allegedly approached a Madras High Court judge to influence his decision in an anticipatory bail case.
"It is very wrong and condemnable that Gurmehar has tried to do politics over her father's martyrdom," Vij, a five-time MLA said.
Amid the growing chorus against black money and the government's efforts to pull the plug, Union Law Minster M Veerappa Moily has suggested Finance Minister Pranab Mukherjee to completely overhaul the tax administration.
The mines ministry would soon approach the Union Cabinet to seek its opinion on a directive of the Delhi high court for settling the sale of residual equity in the erstwhile Balco to Sterlite Industries Limited within four weeks.
The government said on Wednesday that Satyam Computer Services' disgraced founder Ramalinga Raju created a network of about 300 companies and diverted funds from one company to another in a complex but carefully planned process. Speaking to Karan Thapar on the CNN-IBN news channel, Gupta said, "Our information is that there was a network of almost 300 compnaies and funds were diverted from one company to (another) and then to (a) third."
The textile ministry had organised a show at Elephanta Caves in Mumbai to promote the artisans and revive arts and culture.
Union Home Minister P Chidambaram on Tuesday said the Central Board of Direct Taxes is inquiring into alleged leak of tapes of telephone conversations between corporate lobbyist Niira Radia and politicians, journalists and industrialists.
Top sources in the Union finance ministry said on Wednesday that the government does not see any payment related problems in the Indian capital market because of the financial turbulence in the United States and other markets.
Union Sports Minister Kiren Rijijuon Saturday assured support to Rameshwar Singh, an unknown man from Madhya Pradesh, whose video of him running 100 metres in 11 seconds has gone viral.
A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.
The Union finance ministry has endorsed the views of Gajendra Haldea, infrastructure advisor to the deputy chairman of the Planning Commission, who had objected to recent changes in bidding norms by the National Highways Authority of India.
Currently investment of up to Rs 1.50 lakh in PPF is exempt from the Income Tax Act under 80C.
The Prime Minister's Office has asked the Coal Ministry to monitor closely the process of allotment and auction of coal mines to ensure that there is no disruption in the production of dry fuel.
The environment ministry is likely to allow generic modification of food crops.
Diesel prices are still under control with subsidies.
RBI will make a presentation on January 24 before the panel on the state of NPAs and stressed loans.
The department of economic affairs in the Union finance ministry has suggested aggressive sterilisation of foreign capital inflows, tightening of government expenditure and intervention in key farm produce markets like wheat.
The Ministry of Finance may seek the Union Cabinet's approval for the proposed 10 per cent stake sale in state-owned Coal India Ltd by the end of this month, a senior Coal Ministry official said
RBI data on Dec 2014 showed 1.05 million PoS machines in the country.
The recommendations will benefit 47 lakh central government employees and 52 lakh pensioners.
Finance Minister Pranab Mukherjee has asked Communications Minister Andimuthu Raja to complete the auction of the third generation (3G) spectrum within the agreed deadline (February 15), so that the revenue from it can be reflected in the Union Budget for 2009-10. Mukherjee had earmarked Rs 30,000 crore as revenue from 3G auction, which has already been delayed by a year, in the Budget.
People of Indian Origin and NRIs should tap the country's huge youth potential to create valuable knowledge links that can catapulate the country into a global innovation hub, Union Minister of Science and Technology Kapil Sibal has said.
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Preparing for a showdown, Aam Aadmi Party government tonight said it was going ahead with tabling of the Jan Lokpal Bill in the Delhi assembly on Thursday notwithstanding Union Law Ministry's view that Centre's prior approval was required for it even as Congress and BJP held the move by the ruling dispensation as "unconstitutional".
"Swagatam" (welcome), he said with the hash tag "RafaleInIndia".
The Union petroleum ministry has proposed a 44 per cent increase in prices of natural gas sold under the administered price mechanism by state-owned Oil & Natural Gas Corporation and Oil India Ltd.
As many as 322 swine flu cases have been reported in the country so far, with 234 of them being treated and discharged compared to 200 deaths reported in the United States, Union Health Minister Ghulam Nabi Azad said on Wednesday.
Apple sought exemption from mandatory local sourcing of components for its products
A large number of officials and support staff, who are directly associated with the Budget making and printing process, are now required to stay in the ministry and remain cut off from their families till the presentation of the Budget in the Lok Sabha.
Not needed, it says, with 4,600 staffers to retire over next 3 years, plus transfer of 12,000 to new subsidiaries
In a move to help quicken the flagging pace of distribution reforms in the power sector, the Union finance ministry has approved the creation of a Rs 50,000-crore National Electricity Fund - first mooted in the 2008-09 Budget - for attracting investment in this area.
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