The Cabinet Committee on Economic Affairs will discuss the proposal to lift the ban on state-owned companies from investing in mutual funds in its weekly meeting on Thursday.
Sources say that this is a part of the government's efforts to mitigate the spurt in global oil prices.
Govt puts populist schemes on fast track.
The document titled 'Details of the steps in the decision making process leading to the award of 36 Rafale fighter aircraft order' stated that the process as laid down in the Defence Procurement Procedure-2013 has been followed in procurement of the Rafale aircraft.
A decision to this effect was taken at a two-hour long meeting of Cabinet Committee on Security chaired by Prime Minister Vajpayee.
The Cabinet Committee on Political Affairs will meet on February 4 to decide the Budget session schedule. Venkaiah Naidu says the government is willing to advance the session if the Opposition agrees.
The government has given the nod for the purchase of six C-130J Super Hercules transport aircraft at an estimated cost of Rs 4,000 crore from the US.
The Cabinet Committee on Economic Affairs has approved the proposal of GlaxoSmithKline Pte Limited, Singapore for acquisition of 24.33 per cent shares in existing Indian subsidiary company of GSK Group.
The government on Thursday gave its nod to a foreign direct investment of $150 million (Rs 675 crore) in Maran family-run Sun TV's ambitious direct to home service project.
What we are fed up with is one-sided interpretation of the text by the official side though there is promise that the text will be made public soon in consultation with the US.
India will jointly develop and co-produce a new generation of medium range surface-to-air missiles with Israel to secure the country's strategic assests from growing threats posed by aerial attacks and the proliferation of missiles in the region.
Sugar sector has welcomed the central government's decision to hike the buffer stock to 5 million tonnes.
Both industrial and domestic consumers will have to shell out more money for electricity following a hefty 14 per cent hike in the royalty that states charge on coal, the major input for power generation.
A decision on the 26-day session was taken by the Cabinet Committee on Paliamentary Affairs headed by Defence Minister A K Antony on Monday.
By the time vital decisions, such as importing foodgrain, get implemented, it is often too late.
Government has rejected former railway minister Lalu Prasad's request for further extension of his stay at the official bungalow at Tughlaq Road in Lutyen's zone in New Delhi.
After attacking the Jet-Etihad deal, Janata Party President Subramanian Swamy on Wednesday trained his guns on the Air Asia proposal to set up an Indian carrier, saying the FIPB clearance to it was "not legally valid".
FDI of $500 million will come into the country with the Cabinet Committee on Economic Affairs clearing a proposal of the GVK Power and Infrastructure Ltd to issue over 78 lakh shares to NRI shareholders of its sister concern GVK Industries Ltd.
With India joining the project, it would be called TAPI (Turkmenistan-Afghanistan-Pakistan-India) pipeline.
The government will sign contracts on Tuesday for exploitation of gas trapped below coal seams in nine areas with three consortia, including one led by Anil Ambani Group companies.\n
The Cabinet Committee on Economic Affairs approved on Thursday a weather insurance scheme as a risk management support for coffee growers.
Apart from this, the Cabinet Committee on Economic Affairs also gave its approval for starting work on the fifth phase of the National Highway Development Programme.
Market volatility has prompted the government to postpone the disinvestment of its residual 10.27 per cent stake in Maruti Udyog Ltd to the next financial year.
A three-judge bench presided by Chief Justice Ranjan Gogoi and comprising of Justice Sanjay Kishan Kaul and K M Joseph said that it was not their job to go into the issue of pricing of the fighter planes.
The session will discuss a legislation on the offices of profit besides several other bills.
The Cabinet Committee on Economic Affairs on Friday approved the Eastern and Western Freight Corridor proposals of the railway ministry.
The government on Tuesday decided to call fresh bids for selling its stake in Shipping Corporation of India, while taking Air-India and Indian Airlines off the divestment list.
While explaining the steps taken by the government of India to check rising prices, Dr Singh reminded the state governments of their responsibility of keeping prices under control.
The government has approved livestock insurance scheme for implementation in 100 districts on pilot basis during 2005-06 and 2006-07 while its extension in eleventh five-year plan depends on the performance in the two years.
The Congress has launched an offensive against the Bharatiya Janata Party government over the Rafale deal, alleging corruption and violation of rules by Prime Minister Narendra Modi and demanded answers from him.
Antony has asked Defence Secretary Shekhar Dutt to furnish the report by Friday.
'The handling of the pandemic, under this totally constitutional and legal three-level dictatorship, has begun to show its downside,' observes Shekhar Gupta.
The IAF fighter strength would plunge to an all-time low of 29 squadrons by 2007 as more and more of the ageing MiG-21, the IAF's mainstay, are phased out.
The government on Friday gave its nod to ONGC Videsh Ltd, the overseas arm of state-run Oil and Natural Gas Corp, to acquire Royal Dutch/Shell's 33 per cent stake in a deepsea gas field off Egypt.
The government on Thursday said decision with regard to divestment in some of the public sector companies has been taken and would be announced at an appropriate time.
The new frigates will be fitted with BrahMos supersonic cruise missiles.
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