The Cabinet on Monday cleared introduction of FDI in pension and increase in cap in insurance. ...
11:12 PM, Oct 04, 2012
The UPA government on Thursday cleared a second bagful of critical reforms. ...
10:10 PM, Oct 04, 2012
The UPA government on Thursday cleared FDI in pension and hiked FDI in insurance to 49 per cent. ...
09:45 PM, Oct 04, 2012
New Delhi: The long-pending Companies Bill 2011 was finally cleared by the UPA Cabinet on Thursday. The changes in the Companies Bill aim at improving corporate governance, increasing transparency and making independent directors more accountable. Along with the Companies Bill, the Cabinet also cleared 26 per cent foreign direct investment in pension and increased the cap in insurance to 49 per cent. ...
06:36 PM, Oct 04, 2012
Mumbai: The rupee rose to a five-and-a-half-month high on Thursday, as the government looked set to push forward with more fiscal and economic reforms, sparking a rally in stocks that is expected to attract more foreign investor inflows. The Cabinet was due to meet on Thursday to approve bills that would raise the cap on foreign direct investment in insurance firms and open the pension sector to foreign investors. The...
06:15 PM, Oct 04, 2012
Kolkata: The Trinamool Congress has attacked the government over introducing foreign direct investment (FDI) in pension and increasing the FDI cap in insurance. The party led by West Bengal Chief Minister Mamata Banerjee has reiterated that it will oppose the move by the government in Parliament. Speaking to mediapersons, Trinamool Congress MP Saugata Roy said that the party would launch agitation against the government throughout the country. "We will launch...
05:14 PM, Oct 04, 2012
New Delhi: The UPA government is set for a second push for Prime Minister Manmohan Singh's reform measures. The Cabinet is expected to clear 26 per cent FDI in pensions and 46 per cent in insurance on Thursday. Currently, no foreign investment is allowed in the pension sector and only 26 per cent FDI is allowed in insurance. The move on FDI in pension will need Parliamentary ratification as insurance...
08:20 AM, Oct 04, 2012
New Delhi: After FDI in retail, the Cabinet is likely give a push to another round of reforms on Thursday. The Cabinet will take up the long-pending insurance and pension bills on Thursday. The amended bills propose hiking foreign investment limit to 49 per cent from the present 26 per cent. Although the government had given its approval, it did not come up for discussion in the Monsoon session due...
03:50 PM, Oct 03, 2012
New Delhi: The Trinamool Congress rally on Monday was against the government's recent economic reforms and was aimed at giving voice to the 'aam aadmi', the party said as the government clarified that the decisions it had taken were necessary for growth. "It is not a dharna, it is a protest rally. All our MPs will protest, but I have not brought anyone from Bengal," Mamata Banerjee, Trinamool supremo and...
02:42 AM, Oct 02, 2012
Indian External Affairs Minister SM Krishna will be addressing the United Nation General Assembly in New York on Monday. Several issues are going to be on his agenda, terrorism being the foremost. Other focus areas will include UN Security Council reforms, the piracy issue and the conflict in Syria. Krishna is also likely to meet US Secretary of State Hillary Clinton on the sidelines of the session to discuss the ...
09:28 AM, Oct 01, 2012
Beijing: India's decision to allow 51 per cent FDI in multi-brand retail has improved the market sentiment and helped the rupee to rebound, RBI Deputy Governor Anand Sinha said on Sunday. "On the positive side, it (FDI in retail) improved sentiment as was shown in the market. Rupee has rebounded to a considerable extent. There is certainly promise," he said. Sinha said said the success of FDI in retail depends...
03:52 AM, Oct 01, 2012
New Delhi: Signalling the Congress-led UPA's intention to continue with decisions to revive high GDP growth, Prime Minister Manmohan Singh on Saturday said economic reforms was not a "once for all process" and the government will do what was good for the country. Speaking to reporters at Rashtrapti Bhawan after the swearing-in ceremony of Justice Altamas Kabir as the new Chief Justice of India, the prime minister said: "Reform is...
12:17 AM, Sep 30, 2012
Kolkata/New Delhi: Taking a dig at Prime Minister Manmohan Singh for saying that the government is doing what is "good for the country" and that the reform process should continue, West Bengal Chief Minister Mamata Banerjee alleged that the government is looting the country in the name of 'aam admi' and reforms. "Reforms are meant to usher development for the people. Now-a-days, the trend is whenever any anti-people decision is...
08:42 PM, Sep 29, 2012
Manmohan Singh's statements come in the wake of a public speech by Gujarat Chief Minister Narendra Modi wherein he questioned the PM and his government over the proposed reforms. ...
08:16 PM, Sep 29, 2012
New Delhi: Taking on the Opposition, Prime Minister Manmohan Singh on Saturday made it clear that the "ongoing" reforms process was here to stay. Speaking to reporters, Singh questioned, "What has America got to do with reforms in India?" before adding that India was an independent country and could not be dictated by anybody. Manmohan Singh's statements come in the wake of a public speech by Gujarat Chief Minister Narendra...
12:30 PM, Sep 29, 2012
India's current account deficit for the April-June quarter came in at USD16.4 billion, lower than another USD 17.4 billion in the first quarter of last year as well as lower than the USD 21.7 billion in the previous quarter, (Q4FY12). As a percentage of the gross domestic product (GDP) the current account deficit works out to 3.9 per cent lower than the 4.3 per cent, reports CNBC-TV18's Latha Venkatesh. It...
10:24 AM, Sep 29, 2012
New Delhi: The Bharatiya Janata Party (BJP) is expected to announce a second term for its President Nitin Gadkari on Friday as its conclave in Surajkund, Haryana, ends. On Thursday, the BJP defended its stand on the ruling United Progressive Alliance's (UPA) reforms push, saying it was not anti-reforms but was opposed to foreign direct investment (FDI) in multi-brand retail and fuel price hikes as they were anti-people. Releasing a...
10:19 AM, Sep 28, 2012
New Delhi: It had been a brutal August for the Congress party: economic growth was wilting, the monsoon rains were failing and the opposition had it cornered on yet another corruption scandal. In stepped Sonia Gandhi to revive the morale of the ruling party's lawmakers, exhorting them at a meeting to "stand up and fight, fight with a sense of purpose and fight aggressively". It was a stunningly assertive speech...
10:52 PM, Sep 27, 2012
New Delhi: Prime Minister Manmohan Singh wants measures to avoid volatility in the rupee, the finance minister said on Thursday, underlining government concern about one of Asia's worst performing currencies this year. A combination of contentious proposals to tax overseas investors, a policy logjam and global risk aversion hammered the rupee earlier this year. "The prime minister underlined the need for a number of measures that will ensure that there...
05:47 PM, Sep 27, 2012
New Delhi: Prime Minister Dr Manmohan Singh turns 80 on Wednesday. The past one year has perhaps been one of the most challenging ones in his political career. CNN-IBN takes a look back at the journey of the economist Prime Minister. From India's most celebrated Finance Minister to an underachieving Prime Minister, the journey of the last 20 years in politics has been a turbulent one for Dr Manmohan Singh....
08:56 AM, Sep 26, 2012
