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Tuesday, Nov 24, 2009
 
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DIPP proposes further relaxation of FDI for realty24-NOV-09
The Department of Industrial Promotion and Policy (DIPP) under the Ministry of Commerce and Industry has proposed further relaxation of the foreign direct investment (FDI) norms for the real estate sector.
Defence min puts rider to release of 3G23-NOV-09
‘Clear the proposal for laying of optical fibre network before Dec 7’.
Deora to meet Pawar next week to salvage ethanol programme21-NOV-09
With the acute ethanol shortage derailing the programme to blend the sugarcane extract in petrol, Oil Minister Murli Deora will meet Agriculture Minister Sharad Pawar next week to salvage the programme.
Oil min to ensure 5% ethanol blending by OMCs13-NOV-09
The government today asked the petroleum ministry to ensure that oil companies compulsorily sold petrol mixed with 5 per cent ethanol.
OVL allowed to invest $70 million more in Brazilian oilfield13-NOV-09
The government today allowed ONGC Videsh Ltd (OVL), the overseas arm of state-run Oil and Natural Gas Corp, to invest an additional $70 million in an oilfield in Brazil, taking its total investment in the project to $748 million.
NMDC jumps 20 per cent11-NOV-09
The stock froze 20 per cent upper limit of circuit filter after the steel ministry said it will initiate a plan next month to sell stake in the company. The stock closed at Rs 433.70. The government of India which holds 98.38 per cent stake in the country’s largest producer of iron ore is expected to consider a proposal to divest its stake.
Stop 'treaty shopping' denials for FDI: FIPB tells revenue dept07-NOV-09
The Foreign Investment Promotion Board (FIPB) has pulled up the department of revenue for rejecting all foreign direct investment (FDI) proposals in which funds are routed through Mauritius and said it has taken a conscious policy decision to overrule such objections.
Food inflation up; new index next week06-NOV-09
Meanwhile, the government today introduced a new system for presenting inflation data of only primary articles and fuel products on a weekly basis. The overall inflation figures would now be known in the middle of every month.
MSP for rabi crops increased06-NOV-09
Wheat support price raised by Rs 20 per quintal.
Govt decides to split Assam-Nagaland gas and oil block05-NOV-09
The Cabinet Committee on Economic Affairs (CCEA) today approved splitting of an oil and gas block falling in Assam and Nagaland into two so that exploration that previously could not be completed in Nagaland can now be taken up.
Govt may allow ONGC to auction off marginal fields03-NOV-09
The government may allow state-run ONGC to auction small and marginal fields that it has not found economical to develop, so that the discoveries in the fields could be brought into production.
Listed PSUs may not be exempt from 25% public holding rule20-OCT-09
The government is considering a proposal to increase public holding in listed state-owned companies to 25 per cent, a move that would result in a host of follow on public offers.
Govt okays stake sale in power firms20-OCT-09
The government's disinvestment programme made a muted re-start with the Cabinet Committee on Economic Affairs (CCEA) approving the part-sale of its stake in two power companies — NTPC and Satluj Jal Vidyut Nigam (SJVNL) — but postponing a decision on the overall disinvestment policy.
Telenor gets nod to up Unitech stake to 74%19-OCT-09
The government today approved Norwegian telecom company Telenor's proposal to raise stake in its Indian joint venture Unitech Wireless to 74 per cent, the maximum permitted in the sector.
Govt approves 10% divestment in SJVN19-OCT-09
The government today approved sale of its 10 per cent stake in Satluj Jal Vidyut Nigam (SJVN), the utility engaged in hydropower generation.
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