PMO forms IMG on consolidated FDI policy, first meet Thursday
Feb 19, 2014 at 16:13 | Source:
New Delhi: The Prime Minister's Office has set up an Inter Ministerial Group (IMG) headed by the industry secretary to simplify the language of the policy on foreign direct investment.The group, headed by Department of Industrial Policy and Promotion...
Commerce Ministry seeks opinion on retail FDI policy reversal
Feb 18, 2014 at 21:51 | Source:
NEW DELHI: The Commerce and Industry Ministry has asked the Law Ministry for its opinion on whether the Delhi and Rajasthan governments can reverse decisions to allow foreign retailers to start supermarket chains. The Department of Industrial Policy...
China attracts $10.76 billion FDI in January
Feb 18, 2014 at 13:46 | Source:
The Hindu BusinessLine
China attracted $10.76 billion in FDI in January, up 16.1 per cent from a year earlier, the government said today, signalling that global investors are still confident in the world’s second-largest economy. The services sector attracted more f...
Full text: Read Chidambaram's Interim Budget 2014-2015 speech
Feb 18, 2014 at 11:36 | Source:
Madam Speaker,INTRODUCTIONI rise to present the Interim Budget for 2014-15.The Current Economic Situation2. As I prepared to write this speech, I found that whether it is a regular Budget for the full year or an interim Budget, some things remain the...
Finance Minister Chidambaram's budget speech quotes
Feb 18, 2014 at 04:15 | Source:
NEW DELHI (Reuters) - Finance Minister P. Chidambaram presented the interim budget for the fiscal year 2014/15 on Monday to cover expenditure until the government's term ends in May.Here are some quotes from his speech.MANUFACTURING"Manufacturin...
BJP: more jobs, no FDI in retail
Feb 17, 2014 at 22:41 | Source:
The Hindu BusinessLine
The BJP will continue to oppose FDI in multi-brand retail, but will support the proposed Goods Services Tax (GST) regime provided certain concerns are addressed. Spelling out the party’s economic agenda for the forthcoming Lok Sabha elections,...
Vote on Account 2014: Chidambaram's ten point vision for Indian economy
Feb 17, 2014 at 16:21 | Source:
NEW DELHI: In his Vote on Account 2014 speech, Finance Minister P Chidambaram said that the UPA Government has a clear line of sight to the goals that it has set for itself. "India's economy, in terms of the size of its GDP, is the 11th largest in t...
Interim Budget 2014-15: Key highlights from P Chidambaram's speech
Feb 17, 2014 at 15:12 | Source:
Finance Minister Palaniappan Chidambaram (C) sits with his staff members before making the final touches to the interim budget for 2014/15 in New Delhi on Sunday, Feb 16, 2014. Photo: Reuters Highlight55:No change in income tax rates.#Highlight54:Po...
Vote on account 2014: How capital goods can regain its lost glory?
Feb 16, 2014 at 12:37 | Source:
By Kapil Bhati India's capital goods sector, which took off to a great start at the beginning of the decade, has lost momentum over the past few years. Various factors are responsible for the same. The accelerated growth in the Indian economy during ...
India's opening up has tremendously benefited US firms: CII
Feb 16, 2014 at 05:57 | Source:
WASHINGTON: Highlighting the exponential growth in the India-US trade relationship, an Indian industry group has told a US commission that American and other foreign firms have tremendously benefited from India's opening up. Thanks to its "pro-busine...
Sebi issues showcause notice to Etihad Airways on Jet deal
Feb 15, 2014 at 10:56 | Source:
MUMBAI: The Securities & Exchange Board of India has issued a show-cause notice to Etihad Airways saying it had violated takeover norms while purchasing a fourth in Jet Airways, said a person familiar with the development. The capital market regulato...
India must review its aircraft tax policy: Bombardier
Feb 14, 2014 at 15:51 | Source:
Canadian aviation company Bombardier has said India should review its high fuel costs and aircraft tax policy to make it viable for small airlines to operate in the country."India has the highest fuel cost and taxes in the world and if not it is amo...
Don t expect global markets to do well in 2014: Shankar Sharma
Feb 14, 2014 at 12:16 | Source:
ET Now caught up with Shankar Sharma, Chief Global Trading Strategist, First Global, for his take on global markets and his macroeconomic outlook. Excerpts: ET Now: What, according to you, is fuelling the current risk-off momentum? Is it China, the ...