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The total amount allocated for the PLI scheme for drones and drone components is Rs 120 crore spread over three financial years.
In an order made public on Thursday, it said the import tax on the crude variety of vegetable oil would rise to 7.5 percent from 2.5 percent, while that on refined oil would rise to 15 from 10 percent with immediate effect.
Telecom Secretary MF Farooqui said that bids worth Rs 37,572.60 crore have come in for radiowaves in 900 Mhz band, and Rs 23,589.62 crore for 1800 Mhz band.
Deepak Parekh, chairman, HDFC believes the worst is over for the Indian economy and the government, though late, seems to have a definite resolve to push some reforms.
In the first phase, state-owned ONGC and OIL have been permitted to explore for and produce shale oil and gas from onland blocks that were allotted on a nomination basis before advent of the New Exploration Licensing Policy in 1999.
The rupee was at 59.19/20 after rising to 59.05 as against 59.31/31 last close.
Nirmal Jain of IIFL says the measures taken by the market regulators to bring in some semblance of stability are only temporary and the government needs to take corrective policy decisions to boost the market sentiment.
Raghuram Rajan said the government will continue to take all measures to curb the widening current account deficit.
The Foreign Investment Promotion Board (FIPB) cleared the proposal of ACME Solar Energy to bring in foreign investment worth Rs 275 crore, the Finance Ministry said in a statement.
Political analysts AK Bhattacharya, editor, Business Standard, CNN-IBN's Bhupendra Chaubey and CNBC-TV18's economic and political editor, Siddharth Zarabi, discuss on CNBC-TV18, that the UPA is keen only on the Finance Bill and Chacko's plea is an attemt to pacify the Opposition
Bahl says India is ruled by politicians who cut their teeth in the days of the command economy of the 1960s and 1970s, whereas the bulk of the current population is younger, and has no memories of what drove the statist ideas of that time.
Finance Minister P Chidambaram today said an inquiry has been initiated against the individuals whose names appeared in a global report on the monies stashed in tax heaven.
In an interview to CNBC-TV18, Prithivi Haldea, chairman and managing direct, Prime Database gives his views on NTPC's divestment held today.
The deadlock in Parliament over FDI in multi-brand retail continues. After Monday's inconclusive all-party meet, the UPA coordination committee will meet on Tuesday to discuss the provision of voting. Prime Minister Manmohan Singh, too, will meet Congress allies on the issue.
Hindustan Copper plunged 18% in early trade today after the Government set the floor price for its offer for sale (OFS) at a steep discount to the current market price. In an interview to CNBC-TV18, Prithvi Haldea of Prime Database says he is happy that the Government‘s divestment plan has finally begun.
The government is "losing the communication battle" because its skills do not match up to the proliferation of media where many people are "screaming and shouting that something has gone wrong" without explaining the basis, Law minister Salman Khurshid said here today.
