New Delhi: A government panel on Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes. "We have submitted the report to the Finance Minister. Action will be taken on it as and when the government decides. Policy is with DIPP so finally they will take a call. This is just our recommendation," Economic Affairs Secretary Arvind Mayaram told reporters in Delhi.
The committee, which was set up by Finance Minister P Chidambaram to review the sectoral caps, has suggested that the Foreign Direct Investment (FDI) ceiling in the defence sector be raised to 49 per cent under the government approval route from 26 per cent at present. In order to make multi-brand retail more attractive to foreign investors, the panel suggested that the FDI limit be raised to 74 per cent under the Foreign Investment Promotion Board (FIPB) route from 51 per cent. In case of single-brand retail, it suggested easing of the norms by advocating 49 per cent investment under the automatic route.
Currently, the government allows 100 per cent FDI under the approval route. Similarly in case of pharmaceuticals sector, the committee recommended 49 per cent under automatic route as against 100 per cent under the government approval route. As regards the telecom sector, the Mayaram panel said that 100 per cent FDI be allowed under the FIPB route as against 74 per
12:08 AM, Jun 19, 2013
Rotterdam: An error-prone India need nothing short of a miracle to secure a direct berth in next year's hockey World Cup as they take on formidable Australia in the quarterfinals of the men's competition of the FIH World Round 3, here on Wednesday. Six top teams - three each - will qualify directly for the 2014 World Cup to be held in Hague, The Netherlands from the two editions of...
02:51 PM, Jun 18, 2013
Ganesh, one of the tourists, is stranded at Damta near Yamunotri. People are facing a lot of problems as there is no accommodation, phones are not working except one or two. "We are running short of food and no help is coming from anywhere," he said. ...
10:55 AM, Jun 18, 2013
Mumbai: Zack Snyder-directed gripping story 'Man of Steel' seems to have connected with its Indian audience and garnered Rs.21 crore in the opening weekend. The Warner Bros' movie that features Henry Cavill and Amy Adams in the lead roles, was given a wide release in the country. It hit 800 screens nationwide and was dubbed in Hindi, Tamil and Telugu as well. "We're thrilled at the tremendous response we've seen...
10:07 AM, Jun 18, 2013
London: Sri Lanka will play India in the Champion Trophy semi-finals after ousting defending champion Australia by 20 runs and overtaking New Zealand in the group standings on Monday. Sri Lanka posted 253-8 on a turning pitch at The Oval due to Mahela Jayawardene's 84 from 81 deliveries and Lahiru Thirimanne's 57. That meant Australia needed to eclipse the target in 29.1 overs to advance, a prospect that always seemed...
01:13 AM, Jun 18, 2013
London: After a disappointing start to their County Championship season, Surrey have sacked Team Director Chris Adams and first team coach Ian Salisbury and appointed former captain Alec Stewart as the new man-in-charge at the club. Surrey are currently third-bottom in the league table and still seeking their first win of the season. "Team director Chris Adams and first team coach Ian Salisbury have been stood down from their responsibilities...
04:37 PM, Jun 17, 2013
Mumbai: Benagli actress Paoli Dam made her Bollywood debut with erotic thriller 'Hate Story' last year, but she is happy that she is not getting typecast in Hindi filmdom. "The industry has been very kind to me. I am happy that I debuted with 'Hate Story' and despite that I didn't get typecast in Bollywood. I am doing different kind of roles in Hindi cinema," Paoli told IANS. She also...
09:36 AM, Jun 17, 2013
Bhubaneswar: Incessant rains damaged hundreds of bags of harvested paddy left under the open skies in three Odisha districts of Kalahandi, Rayagada and Koraput, officials said on Sunday. The rain lashed many parts of the state during the past four days -- as the monsoon set in across the state and a low-pressure belt also formed -- damaging standing paddy crops too in over 1,500 acres in the three districts...
05:15 AM, Jun 17, 2013
Indian defence once again buckled under pressure to conceded soft goals and go down 0-2 to a dominating Netherlands side. India proved to be no match to the Dutch team that was relentless in attack and scored early through Billy Bakker (2nd minute) and Jeroen Hertzberger (18th). The win took Netherlands to 4 points while India, who next take on New Zealand on Monday, have 1. ...
07:32 PM, Jun 15, 2013
As superhero Superman is back after six years with 'Man of Steel', Entertainment Editor Rajeev Masand talks to the cast of the film. Film director Zack Snyder, actors Henry Cavill, Amy Adams share their experiences. ...
04:52 PM, Jun 15, 2013
As superhero Superman is back after six years with 'Man of Steel', Entertainment Editor Rajeev Masand talks to the cast of the film. Film director Zack Snyder, actors Henry Cavill, Amy Adams share their experiences. ...
04:52 PM, Jun 15, 2013
Mumbai: Delhi-based Ripudaman Handa's passion and love for cooking helped him win the 'MasterChef' title in the third season of 'MasterChef - Kitchen Ke Superstar' at the finale of the reality show here Friday. The youngest contestant on the show, Handa, 23, was awarded Rs.1 crore and a chance to publish his own cookery book, a desire he has been harboring for long. Handa won the kitchen battle by defeating...
10:10 AM, Jun 15, 2013
Cast: Henry Cavill, Amy Adams, Michael Shannon, Diane Lane, Kevin Costner, Russell Crowe Director: Zack Snyder What I missed more than anything else in 'Man of Steel' is the old-school humour and charm of the 1978 Superman film, starring Christopher Reeve, that many of us grew up watching. The new reboot, directed by Zack Snyder and produced by Christopher Nolan, is a mostly somber affair - which shouldn't really be...
11:40 PM, Jun 14, 2013
British actor Henry Cavill dons Superman's cape in 'Man of Steel' which traces the origins of Superman and his alter-ego Clark Kent. Produced by Christopher Nolan and directed by Zack Snyder, 'Man of Steel' begins with Superman's birth on planet Krypton, and how his parents send him to Earth to escape an insurrection by General Zod, played by actor Michael Shannon. The film also stars Amy Adams as 'Daily Planet' ...
06:10 PM, Jun 14, 2013
Rotterdam: Held to a draw by lower-ranked Ireland in their FIH World League Round 3 opener, the Indian men's hockey team will have to regroup quickly and come up with something special against formidable Netherlands in their next Pool B match here on Saturday. Ranked four places ahead of their rivals, India (11) started as overwhelming favourites against Ireland (15) on Thursday, but it didn't really show in their game...
02:38 PM, Jun 14, 2013
New Delhi: The original superhero is back on big screen! DC comic's most popular superhero may have a new face but his superpowers remain the same. Actor Henry Cavill takes up the role of one of the post popular superheroes of all time in Zack Snyder's 'Man Of Steel'. The premise remains the same. Then film narrates the story of a reluctant Clark Kent who takes on General Zod to...
01:48 PM, Jun 14, 2013
New Delhi: The government will initiate a number of reforms such as lifting the cap on foreign direct investments in the coming weeks to spur growth, Finance Minister P Chidambaram said on Thursday. "I expect a number of decisions in the next few days and weeks. In June, you can expect a number of decisions taken and implemented that will accelerate reforms and spur investments in critical sectors," Chidambaram said...
04:15 AM, Jun 14, 2013
