The new frigates will be fitted with BrahMos supersonic cruise missiles.
India-born billionaire Lakshmi N Mittal's proposed Rs 3,365 crore investment in Hindustan Petroleum Corp Ltd's Bhatinda refinery in Punjab will have to wait for government approval as the Cabinet did not take up the issue on May 24.
With the Navy ruling out deploying indigenously built Light Combat Aircraft Tejas on its aircraft carriers, Aeronautical Development Agency on Saturday said it was restricted only to Mark I which was a technology demonstrator and pinned hopes on Mark II for use by the Navy.
Central government's plan to import pulses to rein in inflation is continuing with renewed vigour as state-run agencies have contracted imports of 437,000 tonnes of pulses till this week.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
The committee has been constituted under the chairmanship of the Commissioner of Security (Civil Aviation) to prepare aviation security manual on handling aircraft hijack situation.
Announcing the decision to go ahead with the exercises planned in Kalaikunda Air Base near Kolkata, Mukherjee told reporters on Friday, "Everything has been sorted out."
The much-awaited special purpose vehicle for funding infrastructure projects is all set to take off by next month with the Prime Minister's Committee on Infrastructure giving it a green signal.
MCA is a legal contract, which prescribes the terms and conditions for executing a road project.
The Left parties have slammed the government for the vote.
Till now, India has been importing Israeli-made 'Heron' medium and high altitude series of UAVs for the three services, which are using them extensively for surveillance operations in Jammu and Kashmir and certain other strategic areas.
The Cabinet Committee on Economic Affairs on Thursday referred the issue of selling the government's residual 30 per cent stake in Hindustan Zinc Ltd to a Group of Ministers for a final decision.
Housing finance leader HDFC's bid to cash in on India's booming real estate got a boost with the government on Thursday allowing a global realty fund sponsored by it to invest up to $720 million (Rs 3,240 crore) in the country.
The government on Thursday night decided to set up six AIIMS-like institutions in 'under-served' states of Bihar, Chhattisgarh, Madhya Pradesh, Orissa, Rajasthan and Uttaranchal at a total capital cost of Rs 1,992 crore.
The MoU will be signed during Home Minister Shivraj Patil's 5-day visit to China.
The Cabinet Committee on Political Affairs took a decision to this effect in the wake of the scrapping of the IMDT Act by the Supreme Court.
It is understood that the agency wanted to put a fresh set of questions to him regarding the deal and hence had asked him to appear.
Russia will build three stealth warships for India under a Rs 5,514-contract signed in New Delhi on Tuesday.
The early tabling of the financial Budget ends a 70-year tradition.
The IT modernisation project with this outlay was approved by Cabinet Committee of Economic Affairs in November 2012.
Hindustan Organic Chemicals Ltd has informed BSE that the Ministry of Disinvestment is in the process of considering the proposal for divestment of equity shares of about 32.61% held by the government in HOCL.
Modi said the House did not witness any earthquake, an apparent reference to claims of Rahul Gandhi that his revelation on Rafale would create tremors.
The IAF and USAF would begin a 12-day exercise at Kalaikunda base from November 7 and West Bengal's ruling CPI (M) has threatened to mobilise 30 lakh activists in statewide protests against the event.
Estimated to cost Rs 125 crore, the centre, will be set up in Hyderabad.
Finance Minister P Chidambaram said on Thursday that the government would ensure ample supplies of essential commodities including food grains to check prices and assured more fiscal steps to contain inflationary pressures.
To be bought at a cost of over Rs 1,000 crore (Rs 10 billion), these jets will replace the two ageing Boeing 737-200 aircraft purchased in 1983 for VVIP travel, Defence Minister Pranab Mukherjee.
FDI in real estate will now be through the automatic route and not through the Foreign Investment Promotion Board.
The sources said the matter should have been referred to the Cabinet Committee on Economic Affairs as foreign investments above Rs 600 crore (Rs 6 billion) can only be cleared by Cabinet Committee on Economic Affairs headed by the Prime Minister.
ONGC Videsh Ltd, the overseas investment arm of state-owned ONGC, and Chinese firm Sinopec have jointly won the bid to acquire Columbian oil firm Omimex de Columbia.
Government has targeted to garner about Rs 56,500 crore through selling its stake in PSUs.
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