Yielding to relentless pressure, controversial A Raja on Sunday, resigned as Telecom Minister after being ordered to do so by his party, DMK, in the wake of allegations that he caused a loss of Rs.1.76 lakh crore to the exchequer while allocating 2G Spectrum two years ago.
A policy is being framed to give equal fiscal treatment to all fibres so that common man gets clothing at competitive price, Textiles Minister Dayanidhi Maran said in the Rajya Sabha on Wednesday.
The government on Tuesday indicated that forthcoming Foreign Trade Policy may grant some sops for the ailing textile sector especially exporters, who were disappointed over the Budget proposals.
The textile sector will get a major boost in terms of infrastructure in next 100 days with the government opening two integrated textile parks, pumping in additional resources of Rs 1,660 crore (Rs 16.60 billion) for cotton MSP and launching training programmes for 50,000 weavers.
Amid speculation of partial withdrawal of stimulus in the upcoming Union Budget, Textiles Minister Dayanidhi Maran on Tuesday pitched for continuation of these measures for the textile sector for some more time as it is yet to recover fully.
Union minister for textiles Dayanidhi Maran said, "The making of the National Fibre Policy is in its final stages and will be ready by March end." He spoke at a seminar today, organised by the Confederation of Indian Industry on textiles. He declined to divulge details.
The minister hoped that the steps taken by the government would increase foreign investment in the country.
This is based on Rs 100 crore (Rs 1 billion) per acre as reserve price fixed by the NTC for various properties.
'They are all the time asking people not to do this, not to do that.' 'Their version of society and Hinduism is very warped; not an inclusive one.'
IBM Corp's CEO and Chairman Samuel J Palmisano today called on Communications and IT Minister Dayanidhi Maran to discuss company's plans in India.
The National Textile Corporation (NTC) has earned Rs 4,034 crore through sale of assets as a part of its Modified Revival Scheme (MRS), which mainly includes land of closed mills, according to Union Minister for Textiles Dayanidhi Maran.
Grant to help the industry clear its dues up to June 30. Under the scheme, the government provides 5 per cent subsidy to industries for modernisation and installation of new upgraded machinery. The fund would be transferred electronically to more than 121 financial institutions and will help 12,514 beneficiaries.
The government has given an 'in-principle' approval to the special incentive package prepared by the department of information technology for semiconductor manufacturing and other high-tech industries.
CBI had started preliminary inquiry into the deal on January 4, 2011 and nine months later on October 9 had registered the FIR.
The UPA government will work on creating one crore (10 million) new jobs in the textiles sector and attract an investment of Rs 1.55 lakh crore in the next five years, Textiles Minister Dayanidhi Maran said after taking charge.
Government assured the Rajya Sabha on Thursday that security interests of the country would never be compromised while permitting larger foreign investments.
His likable boy-next-door face and casual approach to public speaking have a unique appeal for the younger generation, but it stops there, observes N Sathiya Moorthy.
According to top sources in the government, Maran's return cannot be ruled out.
Do you think Maran's resignation will hit the telecom industry?
Earlier in the day, a meeting of DMK's administrative committee adopted a resolution urging Prime Minister Manmohan Singh to remove Maran.
Telecom operators may face a penalty of minimum Rs 1000 for each unverified subscriber, Communication and IT Minister Dayanidhi Maran said in New Delhi on Wednesday.
At least clear zones where firms have own land, says minister.
Foxconn, a leading Taiwan based manufacturer of connectors for use in personal computers and printed circuit boards for mobile phones, will set up $110 million plant in Chennai to manufacture mobile handset and other components..
The National Association of Software and Services companies on Wednesday launched the world's first-ever centralised database of IT professionals to further strengthen the security in Indian industry.
The view follows a detailed review of the matter by DoT since March this year, after Dayanidhi Maran, then communications minister, asked officials to provide details about the possibility of the Tata-owned VSNL being allowed to retain the land. This latest recommendation, made in September, comes despite the fact that the Cabinet Committee of Economic Affairs had, in December 2005, approved hiving off the land bank into a separate company.
Revision in the 2005 policy for foreign direct investment in telecom sector is likely to be announced on or before January 2, Lok Sabha was informed on Wednesday.
The Department of Telecommunication is understood to have sought three months time from the Prime Minister's Office for bringing out revised guidelines for foreign direct investment to sort out security issues.
Software major Infosys on Thursday committed Rs 1,250 crore (Rs 12.5 billion) to expand operations in Chennai.
Top brass of Qualcom, developer of CDMA technology, will be visiting India next week and may hold discussions with the company on royalty obligations.\n
Concerned over the high international roaming rates at a time when domestic rates have reached rock bottom, Telecom Minister Dayanidhi Maran asked worldwide GSM operators to bring down the roaming rates.
Telecom connections in the country were expected to reach 250 million by next year, Union Communication and IT Minister Dayanidhi Maran said on Monday.
Telecom Minister Raja's 1st day at work.
Dayanidhi Maran lost his job following a family spat.
Members of the chief minister's family, including his elder son M K Azhagiri in the eye of a political storm following the attack on the Dinakaran office at Madurai, were seen in the gallery.
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