The government on Thursday cleared 24 foreign direct investment proposals worth Rs 190.93 crore, including the Rs 140 crore investment by Korean confectionary firm Lotte to acquire resident shares via a public issue.
Bharatiya Janata Party chief M Venkaiah Naidu and Union Finance Minister Jaswant Singh were also present at the prime minister's Race Course Road residence when the discussion took place.
Expressing concern over India's rising inflation, Finance Minister Jaswant Singh said on Thursday that macro economic situation remained 'comfortable' in 2002-03
The government on Tuesday cleared 23 foreign direct investment proposals worth Rs 63.41 crore (Rs 634 million).
Parliament on Tuesday completed the three-stage Budget exercise with Rajya Sabha returning the Finance Bill, 2003 after Finance Minister Jaswant Singh promised to move towards simplified 'Green Channel Tax System' based on trust.\n\n\n\n
Finance Minister Jaswant Singh said on Wednesday the value-added tax system cannot be implemented across the country until all preparations are completed.
Finance Minister Jaswant Singh has indicated that the proposed 'Dada-Dadi' bonds for pensioners, scheduled to be launched on April, will run side-by-side with Life Insurance Corporation's Varishtha Pension Bima Yojana.
In yet another round of sops, Finance Minister Jaswant Singh on Wednesday said the exemption on dividend distribution tax to open-ended equity-oriented scheme of mutual funds should continue for full year beyond March 2004.
Buoyed by the proposed public offerings in six companies, including Oil and Natural Gas Corp and Gas Authority of India Ltd, the government on Tuesday set an ambitious target of mobilising Rs 16,000 crore
The presentation of the Interim Budget (General) for 2004-05 was delayed in the Lok Sabha on Tuesday after Congress and other Opposition parties raised certain objections to its introduction.
Punjab National Bank is believed to have clinched the deal for taking over the ailing Industrial Finance Corporation of India.
The Outstanding Parliamentary Awards for the years 2000, 2001 and 2002 have been given Arjun Singh Jaswant Singh and Manmohan Singh respectively.
Finance Minister Jaswant Singh has cleared 38 foreign direct investment proposals worth Rs 121.46 crore (Rs 1,214.6 million), including those of the United States-based Nalco Chemicals and French company FCI.
The government said on Tuesday that the total default of public sector undertakings towards their workers stood at Rs 2082 crore (Rs 20.82 billion) and it was taking steps for redressing the grievances of the employees.\n\n\n\n
Proposals of Principal Financial Group, South African Breweries, AB Electrolux and Caterpillar Inc were among the 52 foreign direct investment cases totalling Rs 321 crore (Rs 3.21 billion) approved by the government on Thursday.
Brushing aside criticism that the Budget was not growth-oriented, Finance Minister Jaswant Singh on Saturday said the focus on infrastructure and certain other sectors will provide "quick returns" for higher GDP growth and employment.
Finance Minister Jaswant Singh on Tuesday ruled out full convertibility on capital account in the country till the fiscal deficit and inflation are fully reined in.
The government on Monday hit out at bureaucracy for not keeping pace with policy changes and promised not to take recourse to borrowings
Jairam Ramesh, said Finance Minister Jaswant's Singh's maiden endeavour had failed to address the problem of deceleration of economic growth, which had not risen beyond five per cent during the last five years.
