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PSUs to lose out on interest21-NOV-09
Public sector companies may continue to lose interest income on their idle deposits as the government has decided against allowing banks to bid for their bulk deposits. Top public sector undertakings (PSUs), sitting on surplus cash of over Rs 1,00,000 crore, have been demanding re-start of the bidding as it ensures higher interest rates.
Govt mulls refined sugar import21-NOV-09
The government is considering the import of refined sugar to tackle the rising prices of the commodity.
Centre blinks, removes changes in cane order21-NOV-09
Difference in FRP and SAP to be paid by mills, not state govts.
Govt not to import rice as of now, says Sharma21-NOV-09
India will not import rice as it has adequate stocks of the grain, Commerce and Industry Minister Anand Sharma said today after a meeting of the empowered group of ministers (EGoM) on food.
Govt may allow private sector investment in education21-NOV-09
The Centre plans to allow the (for-profit) private sector to set up educational institutions and tap the capital market, thus aiming to plug the funding gap in the education sector. In this regard, the Human Resource Development (HRD) ministry has asked Max India Chairman Analjit Singh to prepare a feasibility paper.
Govt to push Bill for setting up green body in current session21-NOV-09
The government will try to pass the National Green Tribunal Bill, 2009, in the current Parliament session. The Bill aims at establishing an autonomous tribunal, independent of the Ministry of Environment and Forests (MoEF), for environmental clearance of development projects and providing relief and compensation to people affected by natural calamities.
Draw export strategy of $300 bn: Assocham to govt20-NOV-09
India should aim to increase its merchandise exports to $300 billion by 2014 and adopt a multi-pronged strategy to accelerate competitiveness of domestic goods in global markets, Assocham said.
Over Rs 3.35 lakh cr needed for national expressway project20-NOV-09
The government's ambitious plan to build a 18,650-km-long national expressway network could involve a minimum investment of Rs Rs 3.35 lakh crore, according to the draft master plan report presented to the government.
Govt should speed up divestment process: Kelkar20-NOV-09
The government should speed up the disinvestment process to generate funds for meeting the new needs such as environment protection, 13th Finance Commission Chairman Vijay Kelkar today said.
Govt seizes 4.3 lakh quintals of sugar from hoarders20-NOV-09
The government today said it has seized 4.30 lakh quintals of sugar from hoarders in four states this year. In an attempt to curb the rise in prices, the government had imposed in March stock holding and turnover limits on all sugar dealers. It had also restrained bulk consumers from holding sugar stock beyond 15 days of their requirement.
Govt may amend 'state' term in Sugar ordinance20-NOV-09
In a bid to resolve the problem over sugarcane pricing controversy, the government is understood to be toying with the idea of amending the relevant ordinance by removing the term 'state' to ease the burden on the state governments on paying the farmers the difference in amount over the fair price.
Govt wants to pass National Green Tribunal Bill this session20-NOV-09
The government will try to pass a bill on setting up of a special tribunal, which will settle environment disputes, in the current Parliament session, Environment and Forest Minister Jairam Ramesh said today.
Govt to hold discussions with party leaders on sugarcane issue20-NOV-09
With Opposition parties stalling Parliament for the second day today, Government has decided to hold discussions with leaders of some political parties to sort out the problem over the new sugarcane pricing policy.
JSW Steel, state govt script a sunny land takeover story20-NOV-09
JSW Bengal Steel, the 10-million tonne steel project from the JSW Steel stable, is one of the few mega greenfield projects in the country — which would add 67 million tonnes in two years — to be sitting on 4,800 unencumbered acres.
RNRL withdraws opposition to govt being a party20-NOV-09
In a new development in the RIL-RNRL appeals in the Supreme Court today on their gas dispute, RNRL revoked its opposition to the Union government being heard. And, the Solicitor General appeared for the first time, on behalf of the government and NTPC.
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