The Cabinet Committee on Investments, which was set up in January for clearing major infrastructure projects, is expected to give its nod for a number of projects within the next three weeks, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. "My hope is that the Cabinet Committee on Investment in the course of next two to three weeks, will demonstrate that a number of (infrastructure) projects can get cleared,"...
01:14 PM, Mar 30, 2013
he Securities Appellate Tribunal (SAT) on Tuesday adjourned its hearing on Sahara-Sebi case. The hearing will now happen on April 13. Sahara Group chief Subrata Roy had filed a plea challenging Sebi's attachment order on his bank accounts and other assets. ...
12:37 PM, Mar 26, 2013
Unhappy over delay in getting clearances for his projects, the world's largest steelmaker LN Mittal on Saturday said India was not his top priority for investment. ...
04:50 PM, Mar 24, 2013
Despite the recent series of economic reform being pushed by the Indian government, US investors and officials have told a visiting top Indian official that doing business in India is "messy". ...
11:59 AM, Mar 23, 2013
China could become the world's largest economy by 2016 if it fully implements a series of regulatory, market, socio-economic and tax reforms, the Organization for Economic Cooperation and Development said. In the presentation here Friday of its latest Economic Survey of China, the OECD forecast that the Asian giant's economy will grow by 8.5 per cent in 2013 and 8.9 per cent in 2014, higher than most analysts' expectations. ...
11:27 AM, Mar 23, 2013
The government on Friday said it has approved 12 FDI proposals, including that of pharma firm Claris Otsuka, totalling over Rs 2,609 crore. The Foreign Investment Promotion Board (FIPB) headed by Economic Affairs Secretary Arvind Mayaram, also cleared the proposal of Decathlon Sports India's proposal for induction of foreign equity worth Rs 700 crore to engage in single brand retail. ...
03:35 PM, Mar 22, 2013
Russia wants the BRICS group of major emerging economies to broaden its role and get more involved in geopolitics, President Vladimir Putin said in an interview published on Friday. ...
05:20 AM, Mar 22, 2013
Finance Minister P Chidambaram said on Monday he wanted to remove or relax "outdated" caps on foreign direct investment (FDI) in different sectors, as his government struggles to revive an economy that has posted its weakest growth in a decade. ...
11:52 PM, Mar 18, 2013
Without a willingness to lug cheap flat-pack wardrobes home and wrestle with self-assembly, there would be no IKEA, but in Asia, where the locals have other ideas, the Swedish furniture giant thinks it still has a bright future. ...
10:51 AM, Mar 07, 2013
Finance Minister P Chidambaram on Monday said the government was hopeful about raising Rs 40,000 crore from stake sale in public sector undertakings (PSUs) in the financial year beginning April 1, 2013. ...
02:27 AM, Mar 05, 2013
Aiming to restart the growth engine, Finance Minister P Chidambaram on Monday said he will monitor every quarter the investment plans of public and private sector entities that are sitting on huge cash piles. "Each PSU is required to fill up that proforma, tell us what their capex targets are next year. We will monitor them closely beginning from April, 2013. Every quarter I will monitor what they are investing,"...
11:32 PM, Mar 04, 2013
Ahead of Egyptian President Mohammad Mursi's maiden visit to India, a senior minister discussed ways to advance bilateral economic, trade and investment ties and opening up new avenues of commercial exchanges. ...
10:40 PM, Mar 04, 2013
British companies are looking for opportunities in India, especially in the infrastructure space that is expected to see investments worth USD 1 trillion in five years, according to global consultancy Deloitte. ...
04:05 PM, Mar 04, 2013
The government on Thursday unveiled a slew of measures to attract more investors to the stock market and making it easier for foreign entities to make investments. Presenting the Union Budget 2013-14, Finance Minister P Chidambaram proposed to strengthen capital market regulator SEBI and cut the securities transaction tax, which will bring down overall costs for investors. ...
07:12 PM, Feb 28, 2013
India said a tax residency certificate was necessary but no longer enough to claim benefits under double taxation avoidance agreements, according to the Finance Bill tabled in parliament on Thursday. The amendment is sparking fears that tax authorities would have wider discretion to go after foreign investors who have usually benefitted from investing from countries such as Mauritius that have double-tax avoidance treaties with India. ...
06:50 PM, Feb 28, 2013
Seeking to end ambiguity, the government on Thursday proposed to follow the international practice with regard to defining foreign direct investment (FDI) and foreign institutional investors (FII). "In order to remove the ambiguity that prevails on what is FDI and what is FII, I propose to follow the international practice and lay down a broad principle," Finance Minister P Chidambaram said in his Budgetary proposals. ...
03:54 PM, Feb 28, 2013
Finance Minister P Chidambaram has doubled the disinvestment target for next fiscal to Rs 55,814 crore, from Rs 24,000 crore estimated in the current fiscal. ...
02:11 PM, Feb 28, 2013
Finance Minister P Chidambaram on Thursday proposed liberalising the Rajiv Gandhi Equity Savings Scheme (RGESS) to enable first time investors to park funds in MFs and listed shares and extended tax benefits to three successive years. Also, the limit for investors wanting to invest in RGESS has been raised to Rs 12 lakh from Rs 10 lakh earlier. ...
01:19 PM, Feb 28, 2013
India on Wednesday welcomed Foreign Direct Investment (FDI) from China, saying that Chinese companies could take advantage of India's goal to increase the share of manufacturing in the economy from 16 per cent to 25 per cent by 2022. The climate in India today is welcoming of FDI, including from China, Indian Ambassador to China S Jaishankar said while speaking at India-China Investment Forum in Beijing. ...
01:39 AM, Feb 28, 2013
After clearing IKEA's Rs 10,500 crore foreign direct investment proposal, the Finance Ministry on Wednesday said it has now forwarded the investment plans of Swedish furniture major to set up single brand retail stores to the Cabinet Committee on Economic Affairs (CCEA) for final approval. "One proposal (of) M/s Ingka Holding Overseas BV, amounting to Rs 10,500 crore, has been recommended for consideration of CCEA," the Ministry said in a...
06:44 PM, Feb 27, 2013
