Bangalore: State Bank of India (SBI) on Monday said it is not lenient with Kingfisher Airlines and treats it at par with Air India and Jet Airways. "We are not lenient with Kingfisher and are treating it at par with Air India and Jet Airways," SBI Chairman Pratip Chaudhuri told reporters in Bangalore. There is no room for further debt and Kingfisher must bring in capital, he said. He added...
08:14 PM, May 28, 2012
Kolkata: With key UPA ally Trinamool Congress averse to FDI in retail, Finance Minister Pranab Mukherjee on Sunday said the Centre is trying to build a consensus on it and other contentious issues. "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 financial markets for...
04:33 AM, May 28, 2012
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: Amidst continuous depreciation of rupee and weak sentiments in the stocks market, the government is expected to soon push some of the key pending reforms like allowing foreign direct investment in multi-brand retail. "There is a sense of urgency in the government. This is clear from the yesterday's decision of steep hike in petrol prices. We can expect a decision on FDI in retail and aviation soon," sources...
12:35 AM, May 25, 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
Suhasini Haider: Hello and welcome to Worldview with me Suhasini Haider. Tonight we're asking that big question - Have India-US ties plateaued? And we have a very special guest in our studio - Nancy Powell, the Ambassador to India. She's no stranger to the region; in fact, she's served in India, Nepal, Pakistan and Bangladesh as well. Thank you for coming on Worldview. This is your first interview since you ...
11:52 PM, May 18, 2012
Lucknow: Former BJP national president Rajnath Singh on Tuesday stressed on the need for an intense debate of the economic model that has been adopted to accelerate reforms in the country. "The model adopted is not suitable keeping in mind the socio-economic and geographic situation of the country and a debate on the issue is must...," Rajnath said. "The main reason (for the debate) is because income disparity is increasing,...
11:46 PM, May 15, 2012
Once considered natural allies, the relations between India and US have now reached a plateau with a deadlock over various issues. Join CNN-IBN's Suhasini Haidar in the next episode of World View on Friday at 10 pm for a discussion with experts in the area. ...
04:42 PM, May 15, 2012
New Delhi: The cabinet has put on hold a proposal pending for years to raise the limit on foreign direct investment in insurance firms, possibly until after the 2014 elections, dashing the hopes of foreign insurers to spread their wings in a promising emerging market. Domestic and foreign insurers, which have invested billions of dollars in India over the last decade, have been lobbying the government for years to raise...
01:10 AM, May 12, 2012
New Delhi: The government on Thursday postponed a decision on retaining the Foreign Direct Investment (FDI) ceiling in insurance at 26 per cent as suggested by the Standing Committee on Finance. "The consideration of the item has been postponed because 26 per cent foreign investment is already permitted," Finance Minister Pranab Mukherjee told reporters after the meeting of the Union Cabinet. The Union Cabinet was expected to take a decision...
08:49 PM, May 10, 2012
New Delhi: With an eight-fold increase, India attracted foreign direct investment (FDI) of $ 8.1 billion in March, the highest ever monthly inflows, despite a brouhaha over Rs 11,000 crore Vodafone tax dispute. Cumulative FDI inflows for the fiscal 2011-12 amounted to $ 36.50 billion, authoritative sources said. In March 2011, the country received FDI worth $ 1.07 billion. The $ 7.2 billion Reliance Industries-British Petroleum (BP) deal, announced in...
10:29 PM, May 09, 2012
Vodafone had in April sent a notice to the Indian government threatening international arbitration in the tax dispute case. ...
09:32 PM, May 09, 2012
New Delhi: Key strategic issues, including civil-nuclear cooperation, terrorism, situation in Afghanistan and Pakistan, Iran and security were discussed between the Prime Minister and US Secretary of State Hillary Clinton who also briefed Manmohan Singh on her recent China visit. Clinton, who is in New Delhi on the last leg of her three-nation Asia tour, called on Singh at his Race Course Road residence during which the two sides discussed...
12:58 AM, May 08, 2012
Hillary Clinton met Mamata Banerjee earlier on Monday and promised more US investment in West Bengal. ...
11:49 PM, May 07, 2012
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