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Make sure Lalit Modi returns to face trial: Chidambaram tells govt

 Rejecting allegations of vendetta levelled against him and the United Progressive Alliance, former finance minister P Chidambaram on Wednesday demanded that the government should ensure that Lalit......

Update FEMA for Press Notes 2&4: Govt to RBI

 The government has sought to put an end to the ambiguities in the implementation of Press Notes 2 and 4, which significantly relaxed foreign direct investment (FDI) guidelines, with the Commerce......

Press Note 1 not yet ready

 Despite the introduction of a new Press Note 1 to replace the Press Note 18 of 1998, new norms are not enforceable for new ventures under the automatic route in the absence of a corresponding......

Govt amends FEMA rules to allow 20% FDI in LIC

 The government has amended rules of the Foreign Exchange Management Act (FEMA), paving the way for up to 20 per cent foreign direct investment in the insurance behemoth LIC. The government is......

100% FDI in PSU refiners gets nod; to aid BPCL sale

 Current policy restricts FDI in oil PSUs to 49%; most bidders who have shown interest in acquiring BPCL have foreign investment. Illustration: Uttam Ghosh/Rediff.com The Union Cabinet on Thursday......

Walmart's India dreams hit another roadblock

 At a time when global multi-brand retail chains were looking for easing of hurdles, the government seems to have impacted the entire retail universe by tightening the rules for wholesale......

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