Mumbai: The Reserve Bank of India (RBI) has some room to reduce policy rates following a moderate core inflation and soft global oil prices, a deputy governor said on Monday. Subir Gokarn was speaking to television channel CNBC-TV18 on the sidelines of a investor conference in Mumbai. The 10-year benchmark bond yield fell to its lowest level in two-and-half months at 8.31 per cent in early trade on expectations of...
02:19 PM, Jun 04, 2012
36. Definition."In this Part, unless the context otherwise requires, the State has the same meaning as in Part III. 37. Application of the principles contained in this Part."The provisions contained in this Part shall not be enforceable by any court, but the principles therein laid down are nevertheless fundamental in the governance of the country and it shall be the duty of the State to apply these principles in making...
10:37 AM, Jun 04, 2012
Kolkata: Observing that there was lack of optimum use of science and technology for development, Prime Minister Manmohan Singh said Saturday that the profile of science must be raised in India. "We did not use science and technology in our development processes as much as we should have," Manmohan Singh said at the Indian Science Congress Association meeting here. "We did not build local capacities that could meaningfully address problems...
08:07 AM, Jun 03, 2012
Mumbai: Union Agriculture Minister and Nationalist Congress Party (NCP) chief Sharad Pawar once again targeted the Congress on Saturday for what he termed as a collapse in the "decision-making process" in Maharashtra. Pawar, without naming Chief Minister Prithviraj Chavan, said that on account of the dilly-dallying in taking major decisions, the state was losing out on big investments and mega industrial projects. The NCP is an ally of the Congress...
11:10 PM, Jun 02, 2012
New Delhi: All health insurance companies will now have to provide health insurance to citizens upto the age of 65 and settle all claims within a month. According to the new regulations by the Insurance Regulatory and Development Authority (IRDA), there will be no exit age for policy renewals and all policies will allow for treatment across India. Also, life insurers can offer products with a four-year term while non-life...
07:18 AM, Jun 01, 2012
New Delhi: The Cabinet on Thursday approved a new telecom policy that proposes to abolish roaming charges on mobile phones and allow users to retain the same number across the country. The Cabinet approved the National Telecom Policy (NTP) 2012, which aims to provide free roaming to telecom users and allow them to retain the mobile number even outside their circles without having to pay any extra charge. Here's the...
10:59 PM, May 31, 2012
New Delhi: The Cabinet on Thursday approved a new telecom policy that proposes to abolish roaming charges on mobile phones and allow users to retain the same number across the country. The Cabinet approved the National Telecom Policy (NTP) 2012, a senior minister said after the meeting of the Cabinet. The NTP 2012 aims to provide free roaming to telecom users and allow them to retain the mobile number even...
01:24 PM, May 31, 2012
New Delhi: The Cabinet is likely to consider on Thursday the National Telecom Policy (NTP) that provides for abolition of roaming charges and allows users to retain the same number across the country. Last week, the Cabinet headed by Prime Minister Manmohan Singh, deferred the NTP pending clarifications on certain aspects by the Department of Telecom (DoT). Departments under ministries like Finance and Commerce had raised objections on the new...
08:33 PM, May 30, 2012
New Delhi: The government is likely to take final decision on Thursday on the National Telecom Policy, which if approved will pave the way for abolishing of roaming charges and allowing users to use retain the same number across the country. "NTP is part of Cabinet's meeting agenda tomorrow (Thursday). We are expecting a positive decision on the same," a senior government official said. The policy, if approved, will replace...
09:05 AM, May 24, 2012
New Delhi: The BJP on Tuesday attacked UPA alleging it was gripped by "policy paralysis" and said it was on a "shaky footing" as it bowed to dictates of alliance partners. On the conclusion of the budget session of Parliament, the party said in a statement that it "has once again brought to fore the policy paralysis which has gripped the UPA ever since the corruption within its ranks got...
02:12 AM, May 23, 2012
There seems to be no end to criticism for the economic policies by the Manmohan Singh government as the UPA-II completes three years in power. CNN-IBN's Smitha Nair spoke to Forbes Magazine CEO Steve Forbes and he claimed that the government has made errors at many levels. Following is an excerpt from the interview with Steve Forbes: Smitha Nair: Do you think the Manmohan government has shifted the goal post...
08:06 AM, May 22, 2012
New Delhi: The illicit outflow of money from India has been estimated at $104 billion as of December last year, according to a report of the Global Financial Integrity (GFI). This has been disclosed by the white paper on black money tabled in Parliament on Monday. But the report does not give any estimate of the government about either black money in India or the amount stashed away in banks...
12:33 AM, May 22, 2012
Bangalore: Software industry leader NR Narayana Murthy on Sunday appeared to have joined the debate on policy paralysis at the Centre when he said the government has not been able to provide clarity on definition of software exports for over a year now causing inconvenience to the industry. "I have tremendous faith in Finance Minister Pranab Mukherjee, who is an excellent minister and an excellent person. But it has been...
04:24 AM, May 21, 2012
Shah Rukh Khan gets into a scuffle with MCA officials at Wankhede stadium. Panel suggests new land acquisition policy. ...
11:25 PM, May 17, 2012
New Delhi: The Standing Committee report on land acquisition is bad news for the corporates. It insists that land acquisition by the government can only be done for social projects and not for private-public partnership. The bill is aimed at protecting farmers and landowners from exploitation. The Uttar Pradesh government has already objected to it while industrialists worry that this would close their options. Will this be the end of...
08:56 PM, May 17, 2012
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
