The Cabinet Committee on Economic Affairs on Wednesday deferred a decision on the package on pricing and distribution of sensitive petroleum products.
The government on Wednesday cleared the setting up of an Investment Commission to woo foreign as well as domestic investors for major projects in the country.
This is mainly due to GST impact on manufacturing and subdued farm output.
The reshuffle is aimed at speeding up the implementation of the government's ambitious programmes like the SmartCity project and focus on key sectors like Mines, Information Technology and Road Transport.
Rakesh Mohan, Secretary, Department of Economic Affairs, on Tuesday pointed out that the Indian economy was on the move with the gross domestic product growing at about 7 per cent last year and investment levels in the country also going up.
The government on Friday decided to stand guarantee to domestic financial institutions to settle foreign debts of Dabhol Power Project as part of its efforts to settle the issue and restart the power company.
CCEA approved the proposal to give 39,777 equity shares in favour of MUL employees who had responded to our offer of 20 shares per employee at the rate of Rs 660 per share," Finance Minister P Chidambaram said on Tuesday. \n
The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago
India has expressed concern over the hike in visa fee by the US, saying it is "discriminatory" and largely affects Indian IT professionals.
Market looks like it will correct but that is the nature of the beast.
In their new venture, Tata SIA Airlines Ltd, Tata Sons would hold 51 per cent stake and Singapore Airlines 49 per cent.
In the face of the crisis in the Global Trust Bank, government on Monday committed to 'protect' the interests of depositors, with Finance Minister P Chidambaram saying deposits in the bank were 'reasonably safe.'
Private companies coming up with mega projects may have to bring in minimum 51 per cent equity in order to avail the proposed 'viability gap funding' scheme for which government has earmarked Rs 1,500 crore (Rs 15 billion) this fiscal.
Umer Ayub Khan signs a petition to the World Bank raising a dispute over the Baglihar hydropower project under the Indus Waters Treaty. His grandfather and Nehru had signed the treaty.
The central government has appointed India Invest Economic Foundation, a private agency, as consultant for operationalisation of new pension scheme by this month.
Although the future of Direct Benefits Transfer (DBT) on liquefied petroleum gas (LPG) is uncertain for now, the upcoming vote-on-account is likely to account for about Rs 1,300 crore that was transferred to the bank accounts of customers in the form of subsidy.
Oil and Natural Gas Corp, the Cabinet Committee on Economic Affairs has shot down its proposal to acquire a 45 per cent stake in a Nigerian oil and gas field for close to $2-billion saying the deal was 'too risky.'
One representative of the government as well as that of the Indian Banks' Association have been included in the expert committee which will advise the government on the new company law.
The Cabinet Committee on Economic Affairs on Thursday approved ONGC Videsh Ltd's proposal to lay a $200 million petroleum product pipeline in Sudan.
The Cabinet Committee on Economic Affairs did not take up the issue of hike in petroleum prices on Thursday, Commerce Minister Kamal Nath said.
The government on Thursday decided to provide budgetary support of Rs 141.41 crore (Rs 1.41 billion) to 16 central public sector undertakings to enable them to pay pending salaries and statutory dues of their employees.
Eminent economist Montek Singh Ahluwalia was on Wednesday appointed deputy chairman of the Planning Commission.
BJP President & Leader of the Opposition LK Advani's speech at a function organised by The Karachi Council on Foreign Relations, Economic Affairs & Law, June 5.
Iran said on Wednesday that the proposed $4.16 billion Iran-India gas pipeline is closer to becoming a reality following the recent goodwill generated between India and Pakistan.
Policy lays out a 5-year road map seeking creation of 3.5 mn jobs and promoting 10,000 start-ups.
Renowned economist Arjun Sengupta and Congress Economic Affairs Secretary Jairam Ramesh are among the front-runners for the post of Deputy Chairman, Planning Commission, which fell vacant following the resignation of K C Pant.
The Cabinet Committee on Economic Affairs may raise the subsidised LPG cylinder quota from 9 to 12 at the next meeting, Petroleum Minister M Veerappa Moily said.
Call to hike the limit for investment approval from CCEA to Rs 1,500 crore.
The government on Thursday cleared the long-awaited sale of the UTI Asset Management Company to three state-owned banks and the LIC at a price of Rs 1,237 crore.
The scheme calls for banks, refineries and hallmarking centres to work together.
The coins will be issued with three different themes -- Unity in Diversity, Mudras from Bharatnatyam and Connectivity and Information Technology.
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