Oil ministry will move Cabinet Committee on Economic Affairs once comments from ministries of finance, law, home, environment and corporate affairs are received.
The government on Thursday decided to substantially hike the post-matric scholarship amount and other benefits given to students from scheduled tribes and those disabled.
State-run Power Finance Corporation (PFC) on Thursday said it has appointed four merchant bankers - Goldman Sachs, JM Financial, DSP Merill Lynch and ICICI Securities - to manage the Rs 5,600 crore (Rs 56 billion) follow-on public offer.
Cabinet Committee on Economic Affairs had on July 22 cleared the sale of stake by RIL to BP in 21 blocks.
Economic Affairs Secretary R Gopalan indicated the government's finances could go awry if there was a bad monsoon and global crude prices continued to remain high. He said these two factors would play a key role in determining the fiscal deficit.
'National assets, created over the years through tax-payers's money, should not be handed over to business houses at throwaway prices.'
'We see India as a cornerstone of our engagement with this hugely important region of the world.'
Obama arrives in India on the 6th, spends the 6th and part of the 7th in Mumbai, part of the 7th and the 8th in New Delhi.
The comments from Das assume importance as the government for two consecutive terms have missed its fiscal deficit targets by 10 bps
India and 24 other trade ministers agreed to step up efforts to conclude a multilateral trade deal under the Doha Round this year itself.
A rebound in oil prices, FII outflows and concerns over current account deficit weighed on the domestic currency, pushing it to fresh life-time lows.
While cancelling the legal tender of 500 and 1,000 notes on November 8, the government had allowed them to be used for utility bill payments for the first 72 hours. This deadline was extended repeatedly and the last extension was granted till December 15.
Barcelona made a smaller loss than expected last season and are confident of returning to profit in the 2011-12 campaign after two years of deficits, vice-president for economic affairs Javier Faus said on Tuesday.
As the Under Secretary for Commerce, Juster played a key role in developing the Indo-US deal.
An alumnus of St Stephen's College, Delhi, his professional career began in the early 1990s. He completed a Master's degree in international affairs from Columbia University during 1996-98. And an MBA from Northeastern University, Boston.
"Commerce ministry pushes for all these things. There is no proposal to devalue," a top finance ministry official said. "Exporters would have come to the commerce ministry with this issue. However, there is nothing to discuss from our side."
Although the Oil Ministry has the authority to decide on Reliance selling 30 per cent interest to BP in 23 exploration blocks, including the prize eastern offshore KG-D6 gas fields, the ministry on Tuesday decided to refer the deal to the CCEA, sources privy to the development said.
If cleared, the ONGC arm will become the first subsidiary company of an existing Maharatna to get into this superior league among government-owned entities.
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group chairman Anand Mahindra, Paytm Founder and CEO Vijay Shekhar Sharma, Welspun Group chairman and Assocham president B K Goenka, attended the swearing-in ceremony.
As the government plans to take sector-specific steps to tackle the slump, Finance minister Nirmala Sitharaman will soon hold talks with representatives from various sectors to get and take steps so that the confidence of those sectors can be restored.
Finance Minister Pranab Mukherjee, in the Budget, announced facilitating the establishment of dedicated infra debt funds through special purpose vehicles for attracting foreign investment in the infrastructure sector.
The Reserve Bank will announce draft guidelines for giving new banking licences in the next few days, the Finance Ministry said on Monday.
Proposal to raise the rate from 8.5 per cent to 9.5 per cent had come from the Central Board of Trustees of the Employees Provident Fund Organisation.
Money changers operating behind the RBI HQ in Mumbai said they would charge a 15% fee to convert Rs 1 crore.
The 557th meeting of the Central Board was chaired by RBI Governor Raghuram Rajan, and attended by the four deputy governors among others
The posts of finance secretary and secretary, economic affairs department generate ambiguities over ownership of the finance ministry's most important annual exercise.
Share of central government will be Rs. 5,100 crore and of the state governments of Uttarakhand, Uttar Pradesh, Bihar, Jharkhand and West Bengal will be Rs. 1,900 crore.
The Indira Gandhi Matritva Sahyog Yojana was approved by the Cabinet Committee on Economic Affairs on a pilot basis in 52 select districts for the remaining period of the XIth five year plan.
The next step for the Life Insurance Corporation of India is to approach market regulator Sebi, as the bank, which is also state-owned, is a listed entity.
Sharma met US trade representative Ron Kirk, agriculture secretary Tom Vilsack and deputy assistant to the president and deputy national security advisor for International Economic Affairs Michael Froman and other senior Obama Administration officials.
Approval comes 6 months after Swedish clothing giant applied for India entry; FIPB now to consider on Oct 18.
'... That they should emerge as role-models to be emulated by the fellow countrymen; and that the middle classes should not stick only to hate-filled and scornful criticism and condemnation against the state of affairs,' remembers Mohammad Sajjad.
"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track. There is no proposal to ask RBI to transfer Rs 3.6 or 1 lakh crore, as speculated," Economic Affairs Secretary Subhash Chandra Garg tweeted.
In what seemed a political understanding, Trinamool Congress chief and Railway Minister Mamata Banerjee stayed away from a cabinet committee meeting where the government finally cleared two disinvestment proposals she had been opposing.
Telecom companies have been desperately waiting for a bailout package from the government after a Supreme Court order put their statutory liabilities at Rs 1.47 lakh crore.
DIPP's proposal is believed to have the support of the ministry of consumer affairs, food and public distribution and was originally mooted by the Forward Markets Commission.
"How many more lies will be peddled to sustain a sinking dynast? India, certainly deserves better," Jaitley said.
The postal department would be floating tenders for procurement of hardware and development of software. Pilots will be held in rural and urban post offices and the final roll out will be completed by September 2012.
Chidambaram's son Karti has been questioned twice by the ED in this case.
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