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September 14, 2012 6:35 PM

Govt approves sale of minority stakes in four public sector firms

The government today approved sale of its minority stakes in four public sector firms --Hindustan Copper, Oil India, MMTC and Nalco-- to raise up to 15,000 crore rupees.The government has approved the proposal to sell 10 per cent stake in Oil India Ltd and another 9.59 per cent disinvestment in Hind...

September 14, 2012 6:32 PM

Cabinet to operationalise 51% FDI in multi-brand retail

The Cabinet today decided to operationalise 51 per cent FDI in multi-brand retail but leftit to the state governments to allow setting up of such stores.The Cabinet headed by Prime Minister Dr Manmohan Singh cleared the decision at a meeting this evening. For single-brand retail, the Cabinet decided...

September 14, 2012 5:25 PM

Govt: Mining licenses of some companies to be cancelled

The government today said mininglicenses of some more companies would be cancelled. Speaking to reporters after attending a meeting on infrastructure projects convened by Finance Minister P Chidambaram, Coal Minister Sriprakash Jaiswal said some more coal blocks would be de-allocated.Yesterday, the ...

September 14, 2012 5:02 PM

G K Vasan to Kerala: Divert more cargo to non-major ports

Union Minister of Shipping G K Vasan has urged Kerala to divert more cargo to its non-major ports by utilizing its coastal and inland waterways. He was addressing the Emerging Kerala Investor's Meet in Kochi today. The union minister said the proposal of the Kerala government to set up a major ...

September 14, 2012 4:53 PM

Govt: Workplace safety crucial to ensure growth in manufacturing sector

The government has said that safety at the workplace is crucial to ensure growth in the manufacturing sector. Addressing industry leaders at the FICCI Safety Excellence Awards for Manufacturing Sector function in New Delhi today, Labour and Employment minister Mallikarjun Khargeasked them to impleme...

September 14, 2012 4:27 PM

UPA allies, opposition parties urge govt to rollback hike in diesel price

Some UPA allies and opposition parties today urged the government to rollback hike in diesel price.The ruling Congress has termed the government's decision as one forced upon it due to rise in international crude oil prices. Party spokesperson Rashid Alvi said this in New Delhi .Samajwadi Party...

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