New Delhi: Against the backdrop of slowing economy and perception of policy paralysis, Prime Minister Manmohan Singh on Friday sought to give a push to mega projects of over Rs 1,000 crore by putting in place a mechanism to track their progress and address hurdles. Waking up to delays caused to large projects on account of clearances, Singh announced that the Investment Tracking System would submit quarterly reports so that...
02:39 AM, Jun 02, 2012
Commerce Minister Anand Sharma says the Finance Ministry has come out with number of notifications easing investment flows. ...
07:14 PM, Jun 01, 2012
New Delhi: The Prime Minister on Friday approved setting up of an Investment Tracking System to speed up the implementation of projects. A statement from the Prime Minister's Office said that the tracking system has been set up to address the issue of major investment projects being delayed for a variety of reasons. The issue had come up in the last meeting of the Prime Minister's Council on Trade and...
01:26 PM, Jun 01, 2012
Nay Pyi Taw: Prime Minister Manmohan Singh on Tuesday met Nobel laureate Aung San Suu Kyi during his landmark visit to Myanmar. Reports said that the Prime Minister has handed over UPA chairperson Sonia Gandhi's invitation to Suu Kyi to visit India. "Our sincere belief is that in the process of national reconciliation, Madam Suu Kyi will play a defining role. I convey to her our best wishes," Singh said....
11:46 AM, May 29, 2012
New Delhi: Prime Minister Manmohan Singh will begin talks in Myanmar on Monday. Singh is on a three day visit to the country - a first by any Indian Prime Minister in 25 years. He is accompanied by External Affairs Minister SM Krishna and will be meeting Myanmar's President Thein Sein in the capital on Monday. The delegation will then travel to Yangon on Tuesday to meet pro-democracy leader Aung...
06:15 AM, May 28, 2012
Nay Pyi Taw: Prime Minister Manmohan Singh on Sunday arrived at Nay Pyi Taw, the new Myanmarese capital, on a three-day visit during which the two countries are expected to take a series of initiatives to bolster bilateral relations in several key areas, including energy, trade and connectivity sector. In a pre-departure statement, Singh said that his visit "will provide an opportunity to review the progress in implementation of decisions"...
06:22 PM, May 27, 2012
New Delhi: Prime Minister Manmohan Singh left for Myanmar on Sunday in a historic visit by an Indian prime minister that comes after a gap of 25 years. The PM said before his departure that India and Myanmar would explore new initiatives and define a roadmap for further boosting of bilateral ties with focus on trade, investment and connectivity during his three-day visit. Pointing out that India attaches the highest...
04:52 PM, May 27, 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
THIRUVANANTHAPURAM: The State Government might be saddled with just one bidder for the post of port operator for the Vizhinjam seaport project, but fresh enquiries have started coming in from abroad with the government readying to float global tenders for constructing the port.Over the past two months, teams representing the governments of Britain, Japan, Germany and Canada had met the officials of the Vizhinjam International Seaport Ltd (VISL) evincing interest...
08:50 AM, May 24, 2012
Chennai: The US on Sunday said several recent policy decisions by India were discriminatory to foreign companies and have "dampened sentiment" about its investment climate. "The adoption of manufacturing policies discriminatory to foreign companies and the inclusion of retroactive tax provisions in the Finance Bill are two examples," US Ambassador to India Nancy J Powell said. Voicing concern over challenges to trade and investment between the two nations, she called...
05:15 PM, May 21, 2012
Chennai: The United States is committed to help Tamil Nadu realise the goals set in its Vision 2023 document, to put the state on par with upper middle income countries in southeast Asia, said the US envoy to India. Speaking at a function organised by the Indo-American Chamber of Commerce here Monday, US Ambassador Nancy J. Powell said: "The United States is committed to helping Tamil Nadu realise these goals...
01:26 PM, May 21, 2012
Washington: The United States will suspend sanctions barring American investment in Myanmar in response to political reforms there, but will keep those laws on its books to discourage backsliding, Secretary of State Hillary Clinton said on Thursday. "Today we say to American business: invest in Burma and do it responsibly," Hillary said during an appearance with Myanmar's Foreign Minister, Wunna Maung Lwin, on the Southeast Asian nation's first official visit...
02:22 AM, May 18, 2012
New Delhi: India on Saturday assured Norway that foreign investments will be protected amidst the Scandinavian nation saying it apprehended political implications if Telenor suffered losses due to adverse telecom developments in this country. Telecom Minister Kapil Sibal told the Norwegian Trade and Industry Minister, Trond Giske, that the Indian government is committed to protecting foreign investments and ensuring a robust roadmap for them. "There is absolutely no room for...
12:52 AM, May 13, 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
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