Kolkata: Union Finance Minister Pranab Mukherjee on Sunday said the UPA is trying to build a consensus on contentious issues like Goods and Services Tax and FDI in retail which faced strong opposition from Mamata Banerjee. "We are working to build a policy consensus on a number of pending issues such as introduction of Goods and Services Tax, further liberalisation of FDI, including in retail, and deepening and strengthening of...
10:00 PM, May 27, 2012
Lucknow: Uttar Pradesh Chief Minister Akhilesh Yadav said on Saturday that a debate should be held on Foreign Direct Investment (FDI). Addressing a conclave organised by the Hindustan Times in Lucknow, he said if the FDI was against the interest of farmers, his government would never support it. Akhilesh reiterated development through PPP model to march ahead in the field of IT, power, health, transport, industry and other sectors. He...
10:36 PM, May 26, 2012
New Delhi: Having bitten the bullet on hiking fuel prices, the government is now looking at bringing reforms back on track. The government may bring Foreign Direct Investment (FDI) in multibrand retail and aviation soon. Commerce Minister Anand Sharma is likely to meet chief ministers of all states to address their concerns on multibrand retail. Some chief ministers believe FDI in retail will lead to losses for small traders. Both...
01:49 PM, May 24, 2012
New Delhi: The CPM on Thursday asked the government to refrain from encouraging Foreign Direct Investment (FDI) in multi-brand retail and pharma sector, saying this could affect the commoners directly. "The ministry is trying to allow FDI in retail. Please don't do that. It also wants to encourage FDI in pharma sector, we ask them not to do so," Saidul Haque (CPM) said, initiating the discussion on the demands for...
02:26 AM, May 04, 2012
New Delhi: The government said on Friday consultations are on with states to arrive at a broad-based consensus on allowing 51 per cent foreign direct investment in the politically-sensitive multi-brand retail trade. Finance Minister Pranab Mukherjee, while presenting the Budget for 2012-13, also said a proposal to allow foreign airlines acquire up to 49 per cent equity in air transport undertakings is under active consideration. Following widespread opposition, including from...
01:48 PM, Mar 16, 2012
New Delhi: With two years to go for the 2014 Lok Sabha elections, it should have been easy for Finance Minister Pranab Mukherjee to go in for a tough Budget and push through reforms like Goods and Service Tax (GST) and FDI in retail. But the Budget, to be presented on February 16, comes just days after a poor electoral performance by the Congress, making it difficult for Mukherjee to...
07:54 AM, Mar 12, 2012
New Delhi: The Budget session of Parliament begins on Monday. It is likely to be a tough one for the Congress as it comes on the heels of a poor electoral performance in the Assembly Polls. The government is hoping to pass some important bills in this session including the Lokpal Bill and the Right to Education Bill. Meanwhile, the Opposition is getting ready to take on the government on...
07:32 AM, Mar 12, 2012
The Centre has to put many important proposals, like GST, FDI in retail, on hold following the opposition from states. ...
11:09 PM, Feb 22, 2012
New Delhi: Congress-ruled Kerala on Thursday ruled out implementing the central government's decision on FDI in retail, saying it was not in the interest of the state. Chief Minister Oommen Chandy said Kerala could not agree with the Centre's decision to allow 51 per cent FDI in multi-brand retail. "We will not implement it (FDI in retail). We have already conveyed our stand (to the Centre) that we cannot agree...
04:22 AM, Feb 10, 2012
Bahraich/Gonda: Uttar Pradesh Chief Minister Mayawati on Friday attacked the Congress for its "wrong" economic policies, saying they had led to problems of poverty and unemployment and forced people to move out to other states in search of livelihood. Addressing election meetings, Mayawati said people in search of jobs in UP are forced to shift to Congress-ruled states, where they have to face discrimination from the respective state government. Accusing...
04:11 AM, Feb 04, 2012
Davos: Opening up the retail sector to foreign investment will help create millions of jobs in India and also strengthen its trade ties with America, former American Ambassador to India Timothy Roemer has said. However, the US understands the compulsions associated with policy decisions in a democracy, Roemer said in Davos on the sidelines of the World Economic Forum's annual meeting. Timothy Roemer, who resigned as US Ambassador to India...
12:47 PM, Jan 30, 2012
New Delhi/Mumbai: India formally eliminated restrictions on foreign investment in its single-brand retail sector on Tuesday, opening the door to the likes of Swedish furniture giant IKEA to open stores in Asia's third-largest economy. Foreign retailers that want to invest beyond the previous cap of 51 per cent ownership will need to source 30 per cent of their goods from small and village industries, said the government, which faces five...
07:55 AM, Jan 11, 2012
New Delhi: India on Tuesday allowed 100 percent foreign equity in single brand retail, notifying the norms that, among other things, said all wholly owned international brands will need to source 30 percent of their requirements locally. The government justified the move, saying that foreign direct investment (FDI) in single brand will attract investments in production and marketing, improve the availability of such goods for the consumer and encourage sourcing...
07:41 PM, Jan 10, 2012
New Delhi: HDFC Chairman Deepak Parekh hit out against the Opposition and the coalition parties and said their style of politics is hurting India's growth. Speaking to Karan Thapar on Devil's Advocate, Parekh praised Prime Minister Manmohan Singh for his efforts and called him the cleanest Prime Minister. Karan Thapar: Hello and welcome to Devil's Advocate. As 2012 gets underway, how do India's top businessmen view the government and its...
02:27 PM, Jan 08, 2012
New Delhi: After UPA constituent Trinamool Congress (TMC) on Thursday joined hands with the Opposition in the Rajya Sabha to go against the Government over the Lokpal Bill, the question raised is - has Mamata Banerjee just proved to be a difficult ally or has the Congress just failed to manage their biggest ally because of their arrogance? The TMC made its intension clear on Wednesday, a day before the...
10:15 PM, Dec 30, 2011
displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.
Disclaimer: Network18 Media & Investments Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
