AK Bhattacharya, Editor of Business Standard said that UPA has not been able to manage its alliances effectively. The government needs to bring positive changes to the controversial GAAR and UPA has to consolidate the fiscal deficit, Bhattacharya tells CNBC-TV18.
The government will soon provide clarity to Swedish furniture major IKEA on norms pertaining to mandatory sourcing from local, small suppliers by foreign single brand retailers in India
The government today extended the term of Justice M B Shah Commission, which is probing the issues of illegal mining of iron and manganese ore, by another year. "The Cabinet today approved mines ministry's proposal to give a year's extension to justice M B Shah Inquiry Commission," an official source told PTI.
The Union Cabinet today deferred a proposal to amend the Unlawful Activities (Prevention) Act which aims at effectively combating money laundering and terror financing and declare such crime as terrorist acts.
The government today approved a 17% hike in sugarcane price that mills pay to farmers to Rs 170 per quintal for 2012-13.
The Cabinet meeting held on Thursday evening resulted in the granting of approval to various pending decisions ranging from levying of import duty on power equipment, demerger of VSNL‘s surplus land, extension of the MB Shah Commission and amendments to the Forward Contracts Regulation Amendment Bill 2010.
The government today deferred consideration of a Bill that seeks to amend an existing Act to give more powers to commodity markets regulator FMC due to opposition from UPA constituent Trinamool Congress.
The government today approved the demerger of surplus VSNL land into a separate company, an issue that has been pending decision since Tata Communications acquired the PSU in 2002.
The government today approved the sale of 10.82% of its stake in Steel Authority of India (SAIL), which may fetch the exchequer over Rs 4,000 crore.
The government today decided to slap 21% duty on imports of power equipment, mainly to protect domestic companies from cheap Chinese shipments. "Cabinet has approved levying 21% import duty on power equipment sourced from overseas," sources said.
State-run power generation company UJVN Ltd has commissioned its ADB-funded 4 MW Kaliganga hydel project in Uttarakhand. "Last night, we commissioned the Kaliganga hydel project by synchronising it with the northern grid," UJVN director (Operation) B C K Mishra said.
Asian economies, including India, will have to go in for another round of monetary policy easing to tide over the impact of difficult global economic situation, the Asian Development Bank (ADB) said today.
At a time when the government is trying its best to restore the confidence in the economy by taking a proactive stance on policy matters all eyes are on the Cabinet meeting that will take place later this evening, reports CNBC-TV18.
CNBC-TV18 learns the contentious foreign direct investment (FDI) in retail may be a reality by August 15, reports Shereen Bhan.
The Reserve Bank is expected to slash key rates by 0.25% in its month-end monetary policy even though inflation is at higher levels, global financial services provider Barclays said today.
The Reserve Bank is looking into the issue of non-compliance of anti-money laundering norms by the Indian staff of HSBC raised by a US Senate Committee, a senior Finance Ministry official said today.
India's economy will grow at its slowest pace in a decade this fiscal year, with tight monetary policy, political gridlock and a weakening global economy prompting analysts to slash their forecasts, a Reuters poll showed on Thursday.
Federal Reserve Chairman Ben Bernanke spent a second day testifying before Congress on monetary policy and the US economy.
Indirect tax collections during the April-June period rose by 13.8% to over Rs 1.07 lakh crore, slower than the targeted 27% growth for the entire fiscal.
Planning Commission deputy chairman Montek Singh Ahluwalia believes the financial condition of power distribution companies (discoms) is a major concern for India.
India's annual consumer price inflation slowed slightly in June to 10.02%. In an interview to CNBC-TV18, Sonal Varma, India economist, Nomura Financial Advisory & Securities and A Prasanna, chief economist, I-Sec say, it's going to remain around current levels, close to double digit levels for some time to come.
India's annual consumer price inflation slowed slightly in June to 10.02%, government data showed on Wednesday, but food prices accelerated as concerns rose about below-average monsoon rains.
The 2G spectrum EGoM headed by P Chaidmabram is scheduled to meet tomorrow morning.
The world's largest investment manager is warning that the global economy faces increased odds of slipping into stagnation dominated by anemic growth and big "risk-on/risk-off" market gyrations.
Former Reserve Bank governor Yaga Venugopal Reddy has said that inflation management cannot be left to the monetary authority alone but calls for more prudential measures from the government.