Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday expressed hope that inter-ministerial differences would be sorted out paving the way for Tatas to set up airline company in collaboration with Malaysian budget carrier AirAsia. ...
03:10 PM, Mar 11, 2013
New Delhi: India is open to further reforms to lure overseas investors into its airlines, a government source said, after a dearth of interest following changes to investment rules left Kingfisher and others still short of much-needed funds. The aviation ministry will meet local carriers soon to ask what changes were needed in the policy, added the source, with direct knowledge of policy developments. India changed its Foreign Direct Investment...
09:03 PM, Nov 15, 2012
New York: The US has reacted positively to Prime Minister Manmohan Singh's big bang reforms. Speaking to CNN-IBN, Robert Blake, US Assistant Secretary for South and Central Asian Affairs, said the US welcomes the move. "The undersecretary for Economic and Business Affairs gave a speech this week welcoming the steps taken by the Indian government, particularly the opening of retail sector. It is of great interest to our companies, and...
08:40 AM, Sep 27, 2012
Chief Economic Advisor Raghuram Rajan says after the controversial FDI decisions, the government must now focus on banking reforms. ...
08:10 AM, Sep 26, 2012
Bharatiya Janata Party leader Arun Shourie has supported Prime Minister Manmohan Singh's decision of the diesel price hike and stays neutral on FDI in aviation and retail. Speaking to IBN18 Editor-in-Chief Rajdeep Sardesai, Shourie also said that Prime Minister should go ahead with more reforms and take decision without waiting for legislation. Shourie also pointed out that adversarial politics has been taken to an absurd level in India. "Whatever you...
12:39 PM, Sep 24, 2012
New Delhi: Major foreign airlines seem to have adopted a wait-and-watch approach over the government's decision to allow them to pick up 49 per cent stake in Indian carriers, even though the government says the mood in the industry was upbeat. Air India has been kept out of the ambit of this major policy announcement, but there have been reports about a couple of Indian carriers holding preliminary discussions with...
11:47 AM, Sep 23, 2012
Washington: The US will stand with India as a partner as it undertakes "difficult but necessary" reforms, a top White House official said on Tuesday. "We took note of these recent steps. As the President said, we continue to believe in the promise of India and we'll be there as a partner as India makes difficult but necessary reforms," Caitlin M Hayden, deputy spokesperson, National Security Council at the White...
10:06 PM, Sep 18, 2012
Reacting to the the Government's decision to introduce FDI in aviation, Air India's former executive director Jitendra Bhargava has said it needs to first address the concerns of the industry rather than worrying about profit. ...
12:14 PM, Sep 17, 2012
Unveiling the 12th Five Year Plan on Saturday, Prime Minister Manmohan Singh defended the diesel price hike. ...
11:50 AM, Sep 15, 2012
New York: Leading US dailies have described India's decision to allow FDI in multi-brand retail and aviation as "biggest economic reforms" in two decades, while apprehending these proposals pose a "big political risk" for the Prime Minister Manmohan Singh-led UPA government. 'The New York Times' said Singh's Congress-led government is "under heavy pressure to kick-start India's slowing economy, boost employment and improve the country s shambolic infrastructure" and allowing major...
11:39 AM, Sep 15, 2012
The government went into an overdrive on Friday clearing contentious issues like FDI in multi-brand retail and aviation in one go. ...
07:30 AM, Sep 15, 2012
New Delhi: The decision to bring in FDI in aviation got a rather lukewarm response. While cash strapped Kingfisher airlines welcome it and their morale is up for now, several foreign players were more circumspect. But the big question who will invest in Indian carriers with struggling finances? Sources at Kingfisher airlines tell CNN-IBN that talks with either Qatar or Etihad airlines will now resume. Kingfisher reported losses of over...
06:29 AM, Sep 15, 2012
The UPA clears a slew of major pending reform proposals, including FDI in multi-brand retail, aviation, broadcasting and power exchanges. ...
11:56 PM, Sep 14, 2012
The government clears a slew of major pending reform proposals, including the politically contentious 51 per cent FDI in multi-brand retail. ...
11:39 PM, Sep 14, 2012
The government cleared 51 per cent FDI in multi-brand retail, but left it to states to decide if they want to allow it. ...
10:57 PM, Sep 14, 2012
New Delhi: The Manmohan Singh Administration has made a crucial change in a key requirement for allowing a foreign company to start a fully-owned single-brand retail business in India. When the government had cleared 100 per cent Foreign Direct Investment (FDI) in single-brand retail earlier, it had stipulated that 30 per cent of the value of the products being sold must be sourced from small and medium industries in India....
10:53 PM, Sep 14, 2012
New Delhi: In the boldest decision taken by Prime Minister Manmohan Singh in UPA-II, the government has bet big on crucial reforms that are bound to bring a big cheer from industry. However, the move has also put the government in troubled water politically with the Opposition and some key allies voicing strong differences. Just like Manmohan Singh had put the survival of his government at stake over the Indo-US...
09:30 PM, Sep 14, 2012
New Delhi: The Government's decision on Friday to allow up to 51 per cent foreign direct investment in multi-brand retail comes with a clever move to diffuse potential opposition from UPA allies. The new policy clearly says that each state government has the right to decide whether to implement the policy or not. For those of the UPA allies who are in power in the states " most notably, Mamata...
08:54 PM, Sep 14, 2012
New Delhi: Prime Minister Manmohan Singh on Friday justified the decisions on allowing FDI in multi-brand retail and some other areas, saying these were aimed at pushing economic growth and generating employment in "difficult times". He said the steps had been taken in national interest and sought support of all segments on this. "The Cabinet has taken many decisions today to bolster economic growth and make India a more attractive...
08:25 PM, Sep 14, 2012
The Cabinet Committee of Economic Affairs (CCEA) on Thursday accepted 51 per cent foreign direct investment (FDI) in multi-brand retail. ...
08:07 PM, Sep 14, 2012
