Cabinet approves Japanese aid for freight corridorSeptember 17th, 2009 NEW DELHI - The cabinet Thursday approved a proposal to avail Japanese assistance to create the western arm of a dedicated freight corridor costing Rs.26,124 crore.
In the first phase, Japan will provide a soft loan of Rs.17,700 crore to cover the Rewari-Vadodara section, Information and Broadcasting Minister Ambika Soni told reporters here after a cabinet meeting chaired by Prime Minister Manmohan Singh.
Equity infusion into Air India to be discussed soonSeptember 16th, 2009 NEW DELHI - Stating that the revival plan for cash-strapped national carrier Air India was well on track, Civil Aviation Minister Praful Patel Wednesday said that his ministry will shortly seek cabinet approval for equity infusion into the airline. "There are two issues concerning Air India.
Cabinet approves 50 percent reservation for women in panchayatsAugust 27th, 2009 NEW DELHI - The Union Cabinet on Thursday approved fifty percent reservation for women in panchayats all across the country. "The Cabinet has approved the amendment of Article 243 (d) of the Constitution to reserve 50 per cent of the total number of seats in panchayats filled by direct election for women," said Information and Broadcasting Minister Ambika Soni here after a Cabinet meeting chaired by Prime Minister Manmohan Singh.
Tamil Nadu Telecommunications Ltd. to be revivedAugust 20th, 2009 NEW DELHI - The Union Cabinet today gave its approval to enhance the equity share capital of Telecommunications Consultants India Limited (TCIL) in its joint venture company - Tamil Nadu Telecommunications Ltd. (TLL) from Rs.695.10 lakhs - to Rs.2238.37 lakhs - due to increase in share capital.
Government defends raising foreign equity cap in insuranceAugust 3rd, 2009 NEW DELHI - Raising the foreign equity cap in the insurance sector to 49 percent will not lead to losing management control, the government informed parliament Monday. "Increase in foreign equity holding limit to 49 percent in the insurance sector would not result in change in management control automatically," said Minister of State for Commerce and Industry Jyotiraditya Scindia in the Lok Sabha, the lower house of parliament.
Tripura power project gets central nodJune 19th, 2009 NEW DELHI - The Cabinet Committee on Economic Affairs (CCEA) Friday gave go-ahead to the 100-MW Tripura gas-based power project, to be developed by the state-run North Eastern Electric Power Corp (Neepco). The estimated cost of the project is Rs.421.01 crore.
Murli Deora to seek Cabinet approval for market-set fuel pricesMay 29th, 2009 NEW DELHI - Petroleum and Natural Gas Minister Murli Deora on Friday said he would seek Cabinet approval for oil price deregulation in six weeks. "Decision regarding decontrol of prices is to be taken by the Cabinet," Deora told reporters in response to a question.
Nearly half of cabinet ministers have law degreeMay 27th, 2009 NEW DELHI - Having a degree in law can apparently improve one's chances of getting a ministerial berth as nearly half of the cabinet members have studied the subject. Of the 33 cabinet ministers named by Wednesday, 15 hold a degree in law.
Govt. approves capital restructuring of UBIMarch 30th, 2009 NEW DELHI - The Union Cabinet today approved the restructuring of the state-owned United Bank of India's capital, which includes reduction in paid-up equity by over 80 per cent to improve its financial parameters. Besides, the government will infuse a sum of Rs 800 crore into the bank to enable it to provide more capital to productive sectors.
India approves 26 foreign equity proposals worth $200 mnMarch 26th, 2009 NEW DELHI - A proposal from top international events broadcaster Neo Sports and another from the US construction equipment giant John Deere were among 26 applications for foreign investment worth Rs.1,043 crore (nearly $200 million) approved by the government. Neo Sports seeks to induct foreign equity worth Rs.258.53 crore in its Mumbai-based arm that is engaged in uplinking and broadcast of non-news and current affairs programmes.
DoCoMo gets nod to acquire Tata Teleservices' stakeFebruary 24th, 2009 NEW DELHI - India's cabinet was in an overdrive Monday clearing 60 agenda items in three hours, including Japan's NTT DoCoMo Inc's proposal to acquire 20.25 percent stake in Tata Teleservices. It took Home Minister P.
India notifies what constitutes foreign investmentFebruary 16th, 2009 NEW DELHI - India Tuesday notified the detailed norms on what constitutes foreign equity in companies that operate in sectors with a cap on overseas investment, after the cabinet rationalised the procedures last week to attract more foreign capital. A press note issued by the commerce ministry says foreign investment of any form in a holding company - equity, preference shares, investments by foreign funds, convertible bonds, American depository shares or global depository receipts - will be considered foreign equity.
India relaxes ownership norms on foreign direct investmentFebruary 10th, 2009 NEW DELHI - India's cabinet Wednesday relaxed norms governing what constitutes foreign equity in companies that operate in sectors that have a cap on overseas investment in a bid to rationalise procedures. Announcing the cabinet decision, based on the advice of an empowered group of ministers, Home Minister P.
WSJ allowed to publish facsimile edition in IndiaFebruary 10th, 2009 NEW DELHI - The leading global media house Dow Jones has been permitted to publish facsimile editions of its flagship Wall Street Journal and Wall Street Journal Asia in India, an official statement said Wednesday. The information and broadcasting ministry said the newspapers will be brought out by Wall Street Journal India Publishing Private limited, a wholly owned subsidiary of Dow Jones and Company Inc, USA.
Dow Jones allowed to publish facsimile editionsJanuary 27th, 2009 NEW DELHI - A proposal from Dow Jones to publish facsimile editions of its newspapers and magazines like The Wall Street Journal and the Far Eastern Economic Review, are among 30 others approved by the government, an official statement said Wednesday. The proposals approved include those from Morgan Stanley, CMS Computers and Bridgestone and are collectively expected to bring in foreign exchange worth Rs.12.78 billion (Rs.
Loading ...