India's foreign direct investment policy allows foreign investors to pick up 49 per cent stake in domestic airlines, but foreign airlines are not permitted.
Among others, the meeting was attended by Finance Secretary R S Gujral, Economic Affairs Secretary R Gopalan, Commerce Secretary S R Rao, Industry Secretary Saurabh Chandra and Power Secretary P Uma Shankar.
Ministries seek more discussions, Cabinet defers decision.
The government, which currently holds 29.5 per cent stake in HZL and 49 per cent stake in Balco, is looking at exiting from the two firms in which Anil Agarwal-led Vedanta Group holds majority stake.
Rajan has shifted from the conventional ground floor room occupied by CEAs to a room on the first floor, adjacent to Chidambaram's office.
As a setback to exporters, shipments of 1,100 items will be entitled to lower tax refunds from October 1 when curtains draw on the popular DEPB scheme, government announced on Friday.
R S Gujral shifted after controversial taxation proposals during his tenure
Referring to the concerns raised by industry captains and others during the meeting, Gujral admitted that the weakening Rupee is hurting importers.
The government on Tuesday said it cannot disclose the identity of persons involved in black money cases before initiating prosecution proceedings.
While the RBI has asked the oil marketing companies to purchase 50 per cent of their dollar requirement from State Bank of India, the government has been taking supportive measures to encourage flow of foreign exchange into the country, Finance Secretary R S Gujral told reporters in New Delhi.
Armed with information on secret bank accounts of citizens from 10 countries, the Finance Ministry said on Wednesday the results of its crusade against black money will be visible over the next five years.
The Finance Ministry, late Thursday night, came out with draft guidelines on General Anti Avoidance Rule -- a budgetary proposal to check tax evasion.
The government is considering various options, apart from the public offer route, to achieve the disinvestment target for the fiscal by way of share buy-back, private placement of shares or asking cash-rich PSUs to buy equity in their peers.
Decks have been cleared for acting chairman D K Mehrotra to become the regular chairman of Life Insurance Corporation, as the finance ministry has decided to send his name to the Appointment Committee of Cabinet (ACC) for final approval.
The Government of India is in constant touch with its counterpart in Myanmar for opening a trade route to link the land locked North-East Indian states to markets in ASEAN countries, through Myanmar. The Director General of Foreign Trade (DGFT), R S Gujral, had disclosed that discussion with the Myanmar government was on regarding opening of the trade route through that country. He hoped that it would come through for the benefit of exporters from the landlocked North East.
Finance secretary R S Gujral too is believed to have met top Vodafone officials in Mumbai last month.
The term of the last chairman of the pension regulator, Yogesh Agarwal, was cut short by the finance ministry in November.
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The rupee and equity turmoil seem over, with interest shifting to key personnel changes and 2014 polls.
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