Left to move motions entailing vote; NDA to rally parties against FDI move; DMK keeps suspense alive on its stance.
The question is not whether FDI in multi-brand retail is desirable or not, but whether the rules of conducting business in Parliament need to be reviewed.
Spanner may have been thrown in the government works on foreign direct investment in multi-brand retail.
Till such time that a new governance framework comes into being, the progress of reforms in health, education, land, labour, electricity and agriculture could remain fraught with problems, agitations and delays, observes A K Bhattacharya.
Airplanes are fascinating and air travel is crucial for business and leisure. The number of people travelling by air has been increasing at double-digit levels over recent years. Low single-digit penetration provides adequate scope for growth.
Talks are underway to allow banks from both the countries to open branches in each other's territory.
The decision to allow 51 per cent foreign direct investment in multi-brand retail was announced in November last year.
Acknowledging that India's trade and economic relationship with the US has not scaled the heights reached in US trade and economic ties with China, she said there are goals yet to be achieved in this area.
The court extended the interim protection granted to Chidambaram and his son, Karti, till December 18.
Foreign direct investment (FDI) in India declined sharply for the second month in a row in Maywith inflows slipping to $1.32 billion from $4.66 billion in the year-ago period, reflecting the impact of slowing global economy.
The decision to allow 51 per cent foreign direct investments in multi-brand retail has been put on hold by the government following strong objections from the Opposition and key United Progressive Alliance allies Trinamool Congress and Dravida Munnetra Kazhagam.
He said policy could not be rigid, while declining to say by when FDI in multi-brand retail would be allowed.
The Centre for Strategic and International Studies recommended the United States to undertake a comprehensive policy review to determine how to assist India with developing its defense industrial base through co-production and co-development projects.
In a major relaxation of foreign investment rules in the pharma sector, a special group set up under the finance ministry has suggested it could consider permitting up to 49 per cent FDI (foreign direct investment) in the automatic route for brownfield investments in case the company's control remained in Indian hands.
In recent sessions, shares have rallied on hopes Hindu nationalist opposition leader Narendra Modi, a more business-friendly candidate, is seen coming to power on promises of economic revival and jobs.
The government liberalised FDI policy in sectors, including multi-brand retail, single-brand retail, commodity exchanges, power exchanges, broadcasting, non-banking financial institutions and asset reconstruction companies.
The organised market is likely to grow to Rs 4.8 trillion by 2016-17.
While Federation of Indian Chambers of Commerce and Industry extended an all-out support to the government, Confederation of Indian Industry recommended 'a calibrated approach for introducing FDI in the retail sector in terms of the percentage and minimum capitalisation requirements'.
Opposition members created an uproar in both Houses of Parliament on Monday over issues like allowing 51 per cent Foreign Direct Investment in multi-brand retail, demand for Telangana state and threat to people of Kerala due to Mullaperiyar dam.
Government said consultations are on to arrive at consensus on allowing FDI.
The Economic Survey 2011-12 on Thursday made a case for allowing foreign airlines to invest in domestic carriers, a suggestion that will enable the ailing sector to access overseas capital and expertise.
Against the backdrop of charges against Congress chief Sonia Gandhi's son-in-law Robert Vadra and realty major DLF, the Janata Dal-United on Thursday said the key issue of Foreign Direct Investment in multi-brand retail should not be forgotten in the din over other issues and suspected that those involved in coal and 2G scams may be trying to divert attention.
The proposal of Mumbai-based Hindustan Port Ltd to induct foreign funds worth Rs 440 crore (Rs 4.4 billion) for investment in downstream companies was among those cleared by FIPB.
Except for laws pertaining to the payment of minimum wages, following safety norms and adequate compensation for workers in case of industrial accidents, no other provisions of the labour law would apply to all new companies that wish to operate in the state for at least 1,200 days, and for those that have already been operational for that period.
Financials, software shares among top Sensex losers.
Without issuing notice to the Centre, a bench of justices R M Lodha and A R Dave asked the petitioner to serve the copy of the petition to Attorney General G E Vahanvati or Solicitor General Rohinton Nariman saying it needs some necessary clarification on the issue.
Telecom Secretary R Chandrashekhar on Thursday said 100 per cent foreign direct investment (FDI) in telecom would not be possible before the 2G auction.
While there is growing concern about big ticket reforms in the Congress, it's a different story in the government, says Renu Mittal.
In the wake of reforms announced by the government in insurance and pension sectors, the Bharatiya Janata Party on Thursday said that while it is not opposed to more Foreign Direct Investment in these areas, certain caveats and conditions should be met to "safeguard the interest of the people".
According to experts, the company might be trying to ape Amazon, the largest e-commerce player in the world.
Tightening the norms, the government has done away with automatic approval of foreign direct investment (FDI) in the existing pharmaceutical companies.
Reflecting slowdown in the economy and erosion of investor confidence, foreign direct investment (FDI) in India has declined by 41 per cent to USD 1.85 billion in April.
The V-shaped rebound has been aided by a gush of liquidity flooding the global financial system, thanks to balance sheet expansion.
Many bureaucrats have in the recent past switched sides to join companies.
The Bharatiya Janata Party on Wednesday played down the remark made by Shiromani Akali Dal leader and Punjab Deputy Chief Minister Sukhbir Singh Badal on backing Foreign Direct Investment in retail if the United Progressive Alliance government addresses the concerns of traders.
Amending the Foreign Exchange Management Regulations, the RBI said that its prior permission would not be necessary where the company whose shares are being transferred is engaged in any financial service.
Important pieces of legislation held up because of opposition by the Trinamool Congress could be cleared in two months, top government managers told Business Standard.
It's the government balance sheet and the external balance sheet of India that are in problem, says Swaminathan Gurumurthy.
At least half a dozen such applications, including those from Celio, Gruppo Coin and Artsana, are in the works and are expected to be sent to the government in a few weeks.
Trinamool Congress chief Mamata Banerjee on Tuesday announced that she would lead a party demonstration at Jantar Mantar in Delhi on October 1 to urge the Centre to withdraw "anti-people" decisions on Foreign Direct Investment in retail, cap on subsidised LPG and diesel price hike.
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