India's plans to bolster its military strength along the border with China by deploying its potent Sukhoi fighter jets in Tezpur have been badly hit due to poor infrastructure at the front line airbase.
The government on Friday gave Oil and Natural Gas Corp and partners approval to invest $2.181 billion in a giant oilfield in Venezuela that will give energy deficient India 3.6 million tonnes a year of crude oil.
A Cabinet Committee on Security meeting, chaired by Prime Minister, has been convened to discuss the emerging scenario in Pakistan. This is the second briefing the Prime Minister will have on Pakistan.
Gauba said the JKLF spearheaded the separatist ideology in Kashmir Valley and the action was taken following the 'zero tolerance' policy of the central government against terrorism.
A meeting of the CCEA, chaired by Prime Minister Manmohan Singh, approved 'splitting of the production sharing contract for Block AA-ON/7 in two parts, to consider separate exploration period of Nagaland part of the block,' an official statement said.
New Delhi sought a sovereign guarantee to prevent Paris from ever citing the Arms Trade Treaty to interrupt, modify or cease delivery of the Rafale fighter at any stage.
The new rules for foreign investment issued by the Cabinet committee on economic affairs have two specific problems. Both lie in the new provision that any company which has an Indian majority shareholding and Indian control will be treated as an Indian company.
The government on Friday approved the acquisition of drug company Ranbaxy Laboratories by Japanese pharma major Daiichi Sankyo envisaging foreign investment of around Rs 21,500 crore (Rs 215 billion).
The Cabinet Committee on Economic Affairs headed by Prime Minister Manmohan Singh allowed ONGC Videsh Ltd, the overseas investment arm of Oil and Natural Gas Corporation, to invest $167.84 million in taking 8.35 per cent stake in the pipeline.
Special Judge O P Saini took strong objection to the agencies seeking repeated adjournments.
The Indian government said on Thursday that the use of Indian Air Force helicopters in any offensive against Naxals is not part of a strategy in its new plan to deal with rising Maoist violence.
With Maoists striking at will, the Cabinet Committee of Security on Thursday approved the government's new plan to counter Maoists, under which the infested states will have an effective coordination and the police will take a lead role.The CCS, presided by Prime Minister Manmohan Singh, gave the clearance to the plan, a day after Union Home Minister P Chidambaram warned the Maoists to abjure violence or face action.
The decision was taken by the Cabinet Committee on Prices, chaired by Prime Minister Manmohan Singh in New Delhi.
Jaitley did not say if it will be an outright sale or partial divestment.
The new credit-linked subsidy programme, called Prime Minister's Employment Generation Programme, was approved at a meeting of the Cabinet Committee on Economic Affairs chaired by Prime Minister Manmohan Singh. The financial implication of the new scheme, to be implemented over a four-year period, is estimated at Rs 4,485 crore (Rs 44.85 billion), Finance Minister P Chidambaram told reporters.
Amid rising tension between India and Pakistan after the deadly terrorist attacks in Mumbai, three services chiefs met Prime Minister Manmohan Singh on Friday to brief him on latest security situation.
According to an order issued by the Central Board of Direct Taxes, the department will share 'bulk information', starting from Permanent Account Number (PAN) to the taxpayer's name and all the individual data that it captures like father's name, gender, date of birth, photograph and signature or thumb impression.
The decision to increase the minimum support price of various grades of paddy and different pulses was taken at a meeting of the Cabinet Committee on Economic Affairs. The support price for common paddy will now stand at Rs 950 a quintal, while the A-grade variety would get Rs 980 per quintal -- an increase of Rs 100 a quintal for both.
Besides doubts relating to round tripping of investments through Mauritius, the proposal was earlier rejected on the ground that there were no details about the offshore entity.
Strongly condemning the 'dastardly' terror attacks in Mumbai which claimed at least 100 lives, the Union Cabinet on Thursday took stock of the situation and reviewed the security scenario in the country.
The Cabinet Committee on Economic Affiars had approved the Rs 1,293 crore (Rs 12.93 billion) greenfield project spread across 450 hectares. British consultancy firm Mott Macdonald has been engaged to prepare bid documents for the procurement. As a special railway joint venture project, it envisages manufacturing locos with 12,000 HP to carry 5,000 tonnes of freight at 100 km per hour on all terrains.
Prime Minister Manmohan Singh on Wednesday chaired a meeting of the Union Cabinet for the first time after he underwent a heart bypass surgery nearly two months ago. The meetings of the Cabinet and the Cabinet Committee on Economic Affairs were held at his official Race Course Road residence today, unlike the meetings which were held in South Block during his absence. External Affairs Minister Pranab Mukherjee had presided over those meetings.
Giving relief to the employees of loss-making public sector units, the government on Wednesday decided to continue supporting distressed public sector units in meeting their wage bills and other statutory payments.
The Malaysian government has said that the plight of the minority ethnic Indians in the country was being seriously looked into by a special cabinet committee to ensure that the community had participation in the national economy and equity.
The government on Friday said it is expecting to raise about Rs 8,100 crore (Rs 81 billion) from the five per cent stake sale in power PSU NTPC through a Follow-on Public Offer (FPO).
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
The scheme is expected to activate the measures announced for the housing construction sector under the economic stimulus packages. It will increase the stock of houses ranging from 300 sq ft to 1,200 sq ft plinth area built at affordable rates on land provided by state governments.
Pakistan's report on its probe into the dossier provided by India into the Mumbai terror attacks was on Monday examined in Islamabad, by a top level cabinet committee, headed by Pakistan Prime Minister Yousuf Raza Gilani, before being handed over to New Delhi.
The relaxation will apply to those sectors that have composite caps (foreign direct investment or FDI plus FII). "The move will not impact sectors like banking and insurance which are governed by Acts of Parliament. However, sectors with composite caps which see administrative control like telecommunication services, broadcast services like direct-to-home and FM radio will benefit," a Delhi based FDI policy expert told Business Standard.
With a clear eye on the coming Lok Sabha elections, the United Progressive Alliance government on Thursday showered a bonanza of projects and schemes that are impossible to be completed during its remaining life span of another 100 days, with many projects set to be achieved only by 2012 when the 11th Plan ends.
India will appeal against the verdict of the Hague tribunal in Antrix-Devas deal case, in which the international court had declared the annulling of the contract as "unfair" and "inequitable" and asked it to pay huge amount as compensation.
Chidambaram's son Karti has been questioned twice by the ED in this case.
As a result of the downturn in commodity prices across the world, and the easing of supply constraints on most commodities because of good domestic production, there is hardly any incentive for over-stocking by trade or bulk consumers of agri-commodities. Also, it is amply clear that the imposition of storage limits on farm goods has had little impact on their prices or the overall rate of inflation. Even the ban on futures trading has proved ineffectual.
The recent rise in number of deaths of Indian fishermen by Sri Lankan naval forces has raised an alarm in New Delhi. Politicians from Tamil Nadu met Prime Minister Manmohan Singh on Tuesday to brief him on the recent killings on the Sri Lankan waters, and also gave him a memorandum on the same.
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
Ravi said that a meeting of the Cabinet Committee on Parliamentary Affairs had been fixed with the agenda of proroguing them, to have a fresh session in February with the Presidential address on the first day.
The approval to bring in the FDI is subject to compliance with RBI and SEBI guidelines, besides subjected to approval of the relevant high courts for the demerger of distribution business of Volvo India. The finance ministry had already approved the FDI proposal of Volvo to invest $30 million (Rs 123 crore) for induction of foreign equity up to 8.1 per cent by way of acquisition of shares in EML.
In the backdrop of the Mumbai terror attacks, the Cabinet Committee on Security held a meeting on Tuesday to chalk out future plans for enhancing internal security through tough laws and establishment of a federal agency. The CCS meeting, held at Prime Minister Manmohan Singh's residence, was attended by Home Minister P Chidamabaram, Defence Minister A K Antony, Home Secretary Madhukar Gupta and National Security Advisor M K Narayanan.
A Cabinet Committee on Security meeting will be held on Tuesday, which will take up the issue of deployment of NSG in places like Mumbai, Bangalore, Hyderabad and Chennai, where there is a need for beefing up security.
Finance Minister announced the approval of the scholarship scheme for students of minority communities. The scheme will be effective during 11th Five Year Plan.
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