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
Kolkata: A 17-year-old girl was on Tuesday allegedly molested by her coaching center teacher in Ashok Nagar area of north 24 Parganas district in West Bengal. According to the reports, the teacher asked the girl to stay back as she needed special attention and allegedly molested her. After the incident, aggravated locals ransacked the coaching centre. The accused has been arrested. ...
11:30 PM, Jun 18, 2013
Washington: US military leaders are ready to begin tearing down the remaining walls that have prevented women from holding thousands of combat and special operations jobs near the front lines. Under details of the plans obtained by The Associated Press, women could start training as Army Rangers by mid-2015 and as Navy SEALs a year later. The military services have mapped out a schedule that also will include reviewing and...
10:20 PM, Jun 18, 2013
Kolkata: Angry netizens on Tuesday lashed out at West Bengal Chief Minister Mamata Banerjee and sternly told her to "shut up and do some work", a day after she lost her cool and branded as "CPI-M people" anti-rape protestors as also rapists of a college girl. Facebook users and Twitterati assailed the Trinamool Congress supremo for asking a resident of Kamduni village in North 24 Parganas district to "shut up"...
07:23 PM, Jun 18, 2013
Amit Bansal, CEO and co-founder of PurpleLeap, joined IBNLive readers for an interaction on how to plan a career in management. Q. They say Management is 90 percent leadership and 10 percent technical skills. can leadership be acquired? Asked by: sundar1950in A. It is true that most of the management is beyond the use of tools (technical skills). However, there is quite a misconception on the concept of leadership. When...
06:52 PM, Jun 18, 2013
New Delhi: A Planning Commission report on Gujarat has revealed that the state's growth may not be as "inclusive" as its Chief Minister Narendra Modi claims. The reports states that while Gujarat had a good record in infrastructure development, its health and education sectors did not fare well. The report further reveals that poorer states, like Odisha, did better than Gujarat in lifting people from below the poverty line. Odisha...
06:18 PM, Jun 18, 2013
Bhubaneswar: A tribal woman travelling in an air-conditioned luxury bus was allegedly raped by helper of the vehicle while other passengers were fast asleep. The incident took place on Sunday night when the 25-year-old survivor was travelling in a private bus running from Mayurbhanj to Bhubaneswar. "The accused bus helper has been arrested and forwarded to the court," said deputy commissioner of police (DCP) Pravin Kumar adding that the matter...
04:55 PM, Jun 18, 2013
The oft-talked about Gujarat development model is something that has caught the fancy of the entire nation. What I found particularly impressive was the concept ...
01:16 PM, Jun 18, 2013
On June 13, thirteen women activists were arrested in Kolkata for protesting against violence against women near the residence of the West Bengal chief minister Mamata Banerjee. This is a first-person account of the day's events by one of them. "Women and girls in our state are facing terrible violence and many have been killed but that does not galvanise the police and administration of West Bengal into action. Activists...
12:06 PM, Jun 18, 2013
One day a female driver will be seen lining up on the Grand Prix grid again, feels McLaren driver Jenson Button. There has not been a female driver to appear on the grid since 1975, but Button has spoken out about how women should also be given more opportunities in motor sports at an early age. "It is possible. The big issue is that I don't think women are given...
12:06 PM, Jun 18, 2013
Muzaffarnagar: The Monsoon, arriving a month earlier than normal, has wreaked havoc in large parts of Uttar Pradesh. It has been raining for over 24 hours in many areas of Uttar Pradesh. The administration and people are on high alert in areas adjacent to rivers in the state. Due to sudden increase in the water level of rivers at least 150 people have been stranded on piece of land in...
11:16 AM, Jun 18, 2013
Bhubaneswar: A 27-year-old tribal girl was allegedly raped in a moving bus early on Monday morning. The police have arrested one person, who is believed to be the driver's helper. According to the police, there were about five to six other passengers on board the bus. All the passengers are believed to have been sleeping when the incident occurred. The girl was allegedly dumped at the Cuttack bus stand later....
09:56 AM, Jun 18, 2013
Former Formula One commentator Murray Walker has been diagnosed with cancer. Walker has told the BBC he has been diagnosed with a form of lymphatic system cancer, but says the condition is treatable. Walker, who lives in Hampshire, was the voice of Formula 1 for more than 30 years, first with the BBC and then with ITV. Walker became famous for his enthusiastic commentary style. One classic example is: "Unless...
09:24 AM, Jun 18, 2013
A woman was on Monday night pushed out of a bus by the conductor following a dispute over fare in Dankaur area, police said. Three women boarded the private bus from Dankaur railway station this evening. They gave one hundred rupee to the conductor to get the tickets. The conductor charged them more than the actual fare and this led to an altercation between them, police said. The bus driver...
04:26 AM, Jun 18, 2013
Hyderabad: A software engineer from Bangalore was arrested by Andhra Pradesh police on the charge of sending emails containing obscene photos of his wife who had sought divorce for allegedly hiding his first marriage. "Nanda Kumar Jai was arrested from his residence in Bangalore on June 14 by the Cyber Crime police of Andhra Pradesh CID after his role was established for sending objectionable photos of his current wife to...
10:50 PM, Jun 17, 2013
Mumbai: The trailer of superstar Shahrukh Khan starrer 'Chennai Express' has crossed the 2 million mark on Youtube just four days after its launch. The action-comedy directed by Rohit Shetty also stars Deepika Padukone, who plays a South Indian in the film, has dubbed in the typical southern accent. This is the second collaboration between Khan and Padukone after the 2007 blockbuster 'Om Shanti Om' and the first collaboration between...
06:21 PM, Jun 17, 2013
Moscow: Fresh from his victory against Russian Alexander Morozevich, a resurgent Viswanathan Anand will take on his last world championship challenger Boris Gelfand of Israel in the fourth round of Tal memorial chess tournament here. Starting out with a loss against Fabiano Caruana of Italy in the opener, Anand followed it up with a draw in a tense affair against Dmitry Andreikin of Russia, and then desperately needed a win...
05:43 PM, Jun 17, 2013
Every year the Monsoon unfailingly causes widespread havoc and devastation across the country. What safeguards need to be taken against Monsoon losses? Vinod Chandra Menon, former member of National Disaster Management Authority, joined IBNLive readers for an interaction on the issue. Q. What safeguards need to be taken against Monsoon losses? Asked by: Sneha A. We need to ensure that the mass housing schemes of the Government of India like...
04:34 PM, Jun 17, 2013
Kolkata: Days after the brutal gangrape and murder of a 20-year-old girl in West Bengal's Barasat district, a group of women protestors on Monday shouted anti-government slogans and forced Chief Minister Mamata Banerjee to leave the grieving family's house within five minutes of her arrival there. Sources say, she felt it was a deliberate ploy to insult her. The deceased girl's family had earlier refused any kind of help from...
03:08 PM, Jun 17, 2013
Chennai: Tamil Nadu Chief Minister J Jayalalalitha on Monday accused the Centre of not engaging with the Sri Lankan government in any dialogue to resolve the issue of attacks on fishermen from the state and maintaining a 'stoic' and 'apathetic' silence over it. "The External Affairs Ministry has continued to maintain a stoic and apathetic silence and there appears to be no effort to engage the Sri Lankan government in...
02:54 PM, Jun 17, 2013
