Consultation process to soon start on issue of FDI in multi brand retail

The Commerce and Industry Ministry has decided to soon start consultation process with all the stakeholders on the issue of allowing Foreign Direct Investment, FDI in multi brand retail to allay their fears. According to the official sources, the Ministry will thoroughly explain the concerned stakeh...

Exim Bank offers help to Arunachal to boost its export sector

Voluminous info received on black money, informs IT Dept

The Income Tax Department has received more than 30,000 pieces of information from various countries on stashed black money under the Double Taxation Avoidance Agreement, DTAA. The Financial Intelligence Unit (FIU), under the Finance Ministry has gathered voluminous data on suspicious transactions, ...

Pranab asks eastern region govts to release <img src="rs.png" border="0" height="9px" /> 200 cr for RRBs

The Finance Ministry today asked state governments of the eastern region to release about 200 crore rupees as part of their share for recapitalisation of Regional Rural Banks, RRBs in the country. Addressing Chief Ministers and Bankers of the eastern region at a meeting in Kolkata, the Finance Minis...

Action soon against operators for 3G roaming pacts: DoT

The Telecom Ministry has said it will soon take action against service providers who have entered into roaming agreements for 3G services as the pacts are in violation of licence terms and conditions.&quot;DoT will soon take action on operators who have entered into 3G roaming agreements as it i...

RBI notifies new FDI norms for pharma sector

The Reserve Bank of India on Friday notified new rules doing away with automatic approval for foreign direct investment (FDI) in existing pharmaceutical companies.Tightening the norms, the government had last month done away with automatic approval of FDI in the existing pharmaceutical companies.&am...

Pranab asks eastern region govts to release <img src="rs.png" border="0" height="9px" /> 200 cr for RRBs

The Finance Ministry today asked state governments of the eastern region to release about 200 crore rupees as part of their share for recapitalisation of Regional Rural Banks, RRBs in the country. Addressing Chief Ministers and Bankers of the eastern region at a meeting in Kolkata, the Finance Minis...

Pranab asks eastern region govts to release Rs 200 cr for RRBs

The Finance Ministry today asked state governments of the eastern region to release about 200 crore rupees as part of their share for recapitalisation of Regional Rural Banks, RRBs in the country. Addressing Chief Ministers and Bankers of the eastern region at a meeting in Kolkata, the Finance Minis...

The Government has said that the proposed Companies Bill will update the Company Law in line with the best global practices. Addressing a seminar in New Delhi Minister of State for Corporate Affairs, Mr. R. P. N. Singh said once an Act, the Bill would introduce new ideas such as corporate social res...

Govt. lowers GDP forecast to 7.5 %

The government on Friday lowered the GDP forecast for the current fiscal to 7.5 per cent from 9 per cent. The Mid-Year Analysis 2011-12 tabled in Parliament ,has ,however, exuded confidence of a revival in the next year.The analysis tabled by Finance Minister Pranab Mukherjee said, compounding with ...