11588 stories by IPA Staff
Centre Promises To Empower Bihar With 1,320 MW
NEW DELHI: Extending an helping hand to power-starved Bihar, the Centre has agreed to allocate 50% of electricity from upcoming 1,320 MW NTPC’s Barh unit inPatnadistrict. It has also agreed to expeditiously take up the fuel linkage issue related to Barauni expansion with the Coal Ministry. The assurance was...
Hindujas to sell minority stake in truck finance arm
Mumbai: The Hinduja Group, owned by the London-based non-resident Hinduja family, will sell a minority stake in truck financier Ashok Leyland Finance or ALFL to private equity investors to raise roughly R100 crore by June and an additional R100 crore by January 2013, a senior company official said. “The...
It’s Advantage Tokyo In India-Japan Economic Pact
NEW DELHI: n Exports toIndiashowed a record jump of 40.96% in 2011-12, whileJapan’s imports fromIndiagrew only 18.39% Since the India-Japan Comprehensive Economic Partnership Agreement (Cepa) took effect last August, trade between the two countries has grown a bit faster compared with the traditional growth. However, this is in favour...
Telecom Chiefs Contest Re-Auction Calculation
NEW DELHI: GSM telecom service providers, who are meeting Communications Minister Kapil Sibal on Tuesday, will question three key recommendations of the Telecom Regulatory Authority of India (Trai) on the re-auction of 2G (second-generation) spectrum. These would include the assumption that the base price for 1,800 MHz spectrum must...
Govt Wants Better Fix On UMPP Coal
NEW DELHI: With excess coal becoming an issue of contention in the Sasan ultra mega power project (UMPP) of Reliance Power in Madhya Pradesh, the government has decided to be cautious and allot coal blocks only after a higher degree of certainty about reserves. The ministry of power is...
45 Indian CEOs Head To Pakistan To Pitch For Free Trade And Investment
NEW DELHI: Weeks after Pakistan opened up a long-standing barrier to Indian imports by moving to a negative list of trade items from a restrictive positive list, 45 Indian CEOs are headed to Lahore for a two-day conference with the who’s who of the Pakistani establishment including prime minister...
Diluted Insurance Bill Coming Up
NEW DELHI: The government appears to have buckled under political pressure, as the finance ministry is set to take a diluted version of the Insurance Bill to the Cabinet in the coming week. The revised Insurance Laws (Amendment) Bill proposes to retain the foreign direct investment (FDI) cap in...
Banking Bill To Aid Shareholders
By Anjan Roy The union cabinet has cleared a long pending change in banking regulation which can have deep impact on how banks are run in the country. The amendment bill raises the voting right of bank shareholders. A bill making the necessary changes in the banking act will...
Financial Crisis Worsens In Punjab
Badal Clueless On Action Programme By B.K. Chum in Chandigarh Eight weeks are too short a period to judge the performance of a new ministry. But the eight weeks yardstick cannot be applied to the incumbent Badal-led Akali-BJP government which took oath on March 14 as the coalition, for...
India To Approve 75 PC-7 MK.2 Basic Trainer Aircraft
India will soon approve a deal withPilatusfor 75 PC-7 Mk.2 basic trainer aircraft to train it’s rookie air force pilots. The deal is expected to be approved shortly, withIndia’s apex Cabinet Committee on Security (CCS) scrutinizing the final contract. A Korea Aerospace company, whose KT-1 trainer was runner-up in...
