Syed Firdaus Ashraf/Rediff.com tracks Prime Minister Narendra Damodardas Modi's project-launching spree with just about three months to go for the assembly election in India's most populous state.
SBI has announced an investment of Rs 7,250 crore in Yes Bank through the acquisition of 725 crore shares at Rs 10 each.
The current crisis has forced the government to announce measures to ensure that India becomes self-sustaining for any kind of bulk drug. The government says India will not depend on any other country for vital key ingredients for drugs within six years, reports Sheela Bhatt.
The Rs 12,450 crore capital infusion will enable the three public sector general insurance companies to improve their financial and solvency position, meet the insurance needs of the economy, absorb changes and enhance the capacity to raise resources and improve risk management.
The government on Wednesday approved a production-linked incentive (PLI) scheme for the pharmaceutical sector, entailing an outlay of Rs 15,000 crore. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the scheme which will benefit domestic manufacturers, help create employment and is expected to contribute to the availability of a wider range of affordable medicines for consumers. The duration of the scheme would be from 2020-21 to 2028-29 and is expected to promote the production of high value products in the country and increase the value addition in exports, an official release said.
With the abolition of the Foreign Investment Promotion Board (FIPB), Amazon's proposal will now be vetted by the Department of Industrial Policy and Promotion (DIPP) under the commerce ministry.
Moving the resolution, Chief Minister Pinarayi Vijayan said the Centre should re-examine its decision and the operation and management of the airportbe handed over to the Special Purpose Vehicle in which the state government has stake.
The new board will have a leaner structure on functional lines headed by the chairman and four members - covering infrastructure, operations and business development, rolling stock, and finance.
No proof, no document, no biometric will be needed under it as NPR will be conducted through self-certification, said the minister.
The question mark over Vodafone Idea's survival is gone after the government's telecom package, managing director and chief executive officer Ravinder Takkar said in an interaction recently. The extended moratorium for spectrum payments and adjusted gross revenue (AGR) dues has indeed ensured that Vodafone Idea survives, at least for the time being, but questions remain. Answers to those questions may determine the future of Vodafone Idea and its power to stay in a difficult telecom market in the coming years.
The Shiromani Akali Dal had on Saturday quit the National Democratic Alliance over the farm bills issue.
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Besides giving statutory status to the Unique Identification Authority of India, the Bill seeks to provide legal backing to Aadhaar, which is used to disburse subsidies.
SAD chief Sukhbir Singh Badal announced the decision to snap ties with the NDA on Saturday night, amid stepped up agitation by farmers in Punjab over the three legislations which were recently passed by Parliament amid Opposition protests.
The textile ministry had organised a show at Elephanta Caves in Mumbai to promote the artisans and revive arts and culture.
'Hurt' at the Bharatiya Janata Party's silence while he battles challenges from within his party, Lok Janshakti Party leader Chirag Paswan said on Tuesday his relations with the saffron party cannot remain 'one-sided' and he will consider all possibilities about his future political steps if attempts to corner him continue.
ICMR's serological survey, whose findings will be made public next week, suggests that the rate of contagion may be a lot higher in most-affected cities such as Delhi, Mumbai, and Pune.
Rashtriya Janata Dal leader Ajit Singh was sworn in as the 33rd member of the Union Cabinet, and 77th in the Union council of ministers on Sunday morning. Singh is widely expected to be allotted the civil aviation portfolio. This is the fourth time Singh has been inducted into the Union Cabinet.
Information and Broadcasting Minister Ambika Soni said the Union Cabinet has accepted the proposal of the Ministry of Railways for payment of PLB equivalent to 78 days' wages for 2010-11 for all eligible non-gazetted Railway employees.
Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation on Wednesday.
At the same time, the Cabinet approved reducing government's stake in select PSUs such as IOC to below 51 per cent while continuing to retain management control.
Five of the six Lok Janshakti Party MPs in Lok Sabha have joined hands against their leader Chirag Paswan and elected Pashupati Kumar Paras, the youngest brother of Paswan's late father and party founder Ram Vilas Paswan, in his place, causing a big churn in Bihar politics.
Some ministers Monday voiced concern over the deliberations of the Union Cabinet appearing in the media following which all the ministers were counseled not to leak the proceedings.
Cabinet nod to ordinance to set up India's first sports university in Manipur
According to the Cabinet note, 75 per cent of the rural and 50 per cent of the urban population are to be brought under the food security umbrella.
'We are never going to get 303 seats again. Let us push through all the anti-Muslim legislation that we have in mind'
With Narayan Rane, the BJP looks to expand its footprint in Mumbai and Konkan. But a perceived self-goal by him may have galvanised the restive Shiv Sena cadre and voters to coalesce around their party. Dhaval Kulkarni reports
Thus it was that for the first time in the history of the republic a constitutional amendment was announced and passed by Parliament within 72 hours, reports R Rajagopalan.
The cabinet normally meets on every Wednesday and the reasons for convening a meeting on Monday has not been disclosed by the government yet.
The finance minister has emphasised on the quick disbursal of additional loans to MSMEs, to simplify process, formats and documentation.
The decision will now be taken on Tuesday during a full fledged cabinet meeting
The exit of Dayanidhi Maran from the government has fuelled speculation of a reshuffle of the Union Cabinet early next week, possibly on Monday or Tuesday.
India is pursuing sales to South East Asian countries that are wary of Chinese aggression, including Vietnam and the Philippines.
Struggling to bring down the whopping over 3 crore pending court cases in the country, the Law Ministry proposes to soon place before the Union Cabinet a comprehensive National Litigation Policy which aims at disposing of cases within three years.
The JD-U leader said that the change in stance was prompted by country-wide agitations. He also said that the govt would with for a favourable SC verdict on CAA.
The RSS wants three nominees inducted: Tejaswi Surya, the young BJP MP from Bengaluru South, Vinay Sahasrabuddhe, a Rajya Sabha member, and former Maharashtra chief minister Devendra Fadnavis.
The Group of Ministers, set up to look into the bifurcation of Andhra Pradesh, has completed the process of discussions with various stake holders and will submit its report to the Union cabinet as early as possible to pave way for tabling Telangana Bill in the winter session of Parliament.
Mishra and Doval hold the rank of a Cabinet minister.
The scheme is the biggest fiscal component of the Rs 20-lakh crore Aatmanirbhar Bharat Abhiyan package announced by Finance Minister Nirmala Sitharaman last month.
With development of the Vadhavan port, India will break into the countries with top 10 container ports in the world.
The Bharatiya Janata Party on Thursday said the government should not make A Raja and Suresh Kalmadi scapegoats in the 2-G spectrum and Commonwealth Games scams and asserted that since all decisions were taken by the Union Cabinet and the prime minister, a joint parliamentary probe alone could bring out the truth. He stuck to the BJP stand that until a JPC is formed, the whole truth will not come out.
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