11604 stories by IPA Staff
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...
Blackstone set for major CalPERS commitment: source
Blackstone Group LP (BX.N), the world’s largest alternative asset manager, is close to securing a major managed account on behalf of CalPERS, one of private equity’s largest investors, a source familiar with the matter said on Friday. In an increasingly competitive fundraising environment, diversified private equity firms have been...
Punjab To Give Promised Incentives To HMEL’s Bathinda Refinery
CHANDIGARH: With the USD 4 billion Bathinda oil refinery getting commissioned, fund-starved Punjab government will now give incentives, which were promised by it for the setting up of the ambitious 9 million tonne per annum project. An Empowered Committee headed by Punjab Chief Minister Parkash Singh Badal is likely...
Bulk Power Open Access Now, States Told
NEW DELHI: Armed with the attorney-general\’s opinion that the Electricity Act makes it obligatory for power distribution companies (discoms) and bulk consumers to sign agreements for electricity purchase, the Centre has directed all states to institute mandatory open access regimes in distribution. The toughening of stand comes after similar...
House Panel Wants CBI Probe Into Irregularities In FMC Exchanges
NEW DELHI: The parliamentary standing committee on food and consumer affairs has recommended CBI to look into cases of irregularities in the Forward Markets Commission (FMC) exchanges. “Despite regulatory mechanism in the FMC, there are reported cases of trading irregularities and market manipulations…The Committee recommends that FMC should seriously...
