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
While England are considering resting their leading bowlers for the third Test, Broad wants to play on. ...
02:03 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
New Delhi: With an eight-fold increase, India attracted foreign direct investment (FDI) of $ 8.1 billion in March, the highest ever monthly inflows, despite a brouhaha over Rs 11,000 crore Vodafone tax dispute. Cumulative FDI inflows for the fiscal 2011-12 amounted to $ 36.50 billion, authoritative sources said. In March 2011, the country received FDI worth $ 1.07 billion. The $ 7.2 billion Reliance Industries-British Petroleum (BP) deal, announced in...
10:29 PM, May 09, 2012
New Delhi: The Centre is planning to seek the cooperation of states in formulating a national policy to deal with hostage crisis in the backdrop of Maoists taking hostages in Odisha and Chhattisgarh and Chief Minister Raman Singh demanding such a policy. The Home Ministry is planning to write all states to put forward their views on formulating a hostage policy and Standard Operating Procedures to deal with any hostage...
03:28 AM, May 05, 2012
Mumbai: The Reserve Bank of India's battle to contain a falling rupee just got tougher. The current account deficit is widening and a weak global investment climate coupled with policy paralysis in New Delhi, sticky inflation and slowing growth have increased the aversion of foreign investors to India, pushing the capital account into the red. Last week's move by rating agency Standard & Poor's to cut the country's credit rating...
01:12 AM, May 01, 2012
New Delhi: Alleging "policy paralysis" in the Government, Opposition JD(U) on Monday urged the Centre to adopt a more coherent and stable approach to attract investment and accelerate the country's growth. Raising the issue in the Rajya Sabha through a Special Mention, NK Singh said the investment requirement in the country is huge with the power sector alone requiring $ 400 billion while infrastructure need has been pegged at $...
04:48 PM, Apr 30, 2012
Boston/London: As China's economy cools, some big US and European companies are losing what had been one of their surest growth bets. Caterpillar Inc, 3M Co, United Technologies Corp and ABB Ltd are among the manufacturers that have reported weak performances in China in the first quarter, as economic growth slowed to a near three-year-low. That is making investors nervous, though some Western chief executives predict a return to rapid...
03:45 AM, Apr 30, 2012
Bathinda: Billionaire Lakshmi N Mittal on Saturday said decision-making in India is slow but he would not complain of policy paralysis. "We have businesses all over the world. I tell my guys don't complain about the policies, try to adopt...policies...We don't complain. We have tried to adapt to local policies. We will all have to adjust to the new policies here." But, he said, decision making was slow. "Surely things...
04:23 PM, Apr 28, 2012
Ratings agency Standard & Poor's on Wednesday cut India's outlook to negative from stable, citing its large fiscal deficit and expectations of only modest progress on reforms given political constraints, battering stocks, bonds and the rupee. ...
08:45 PM, Apr 25, 2012
