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NEW DELHI: India and Pakistan will take another step towards deepening trade and economic relations when the commerce ministers of two countries meet later this week and officials say New Delhi will examine the issue of preferential access for Pakistani products such as cement and textiles . The two...
NEW DELHI: Two international trade bodies have joined the global chorus seeking a review of the government’s move to retrospectively tax overseas transactions involving Indian assets, a proposal widely seen to be targeted at British telecom company Vodafone. The France-based International Chamber of Commerce and the Business and Industry...
By Amulya Ganguli The Congress and the CPI(M) have just concluded their analyses of electoral performance – the first via a limited exercise relating only to U.P. and presided over by the party’s heir apparent, Rahul Gandhi and latter in a more elaborate manner. However, the outcome was the...
By Praful Bidwai It’s indisputable that the world is in acute need of reform which would make it less unequal, violent, crisis-prone and unjust. The Great Recession, the globe’s worst economic crisis since the 1930s, continues to wreak havoc on millions of people’s well-being. Disparities between the developed and...
By Narendra Sharma NEW DELHI: The recent political shakeup in the Railway Ministry has incidently revealed that railwaymen are a worried lot. Their concern about financial viability of Railways and its safety and security seems to have pushed the Railwaymen Federations to openly lend support to railway fares increase...
By Nitya Chakraborty NEW DELHI: The top leadership of the UPA-2 Government is always facing a Hameltian dilemma on the pushing of the financial sector reform bills which, according to them, have the potential to rejuvenate the economy through the inflow of foreign funds. The Insurance Bill proposing 49...
By B.K. Chum in Chandigarh Situations never remain static. The latest example is of Himachal Pradesh. The state’s ruling BJP leadership was euphoric over the Akali-BJP’s recent electoral victory in Punjab hoping it would favourably impact the party’s prospects in the state Assembly elections to be held by 2012...
NEW DELHI: The government is likely to define the term “joint venture” for the purpose of Foreign Direct Investment (FDI) under which it would be mandatory for at least two partners to have minimum 25% stake each in the JV company. The definition of “joint venture” would be incorporated...
NEW DELHI: Notwithstanding a tight monetary policy that is continuing and adverse reactions to some of the Budget proposals, a larger number of players sense a growth in the manufacturing sector to have revived in the last quarter of 2011-12, says a study. They expect a healthy expansion of...
MUMBAI: Private equity funds are looking to list their portfolio companies on overseas stock exchanges as the volatile Indian stock market offers them lower returns. “We have made structures for some of our portfolio vehicles in such a way that the listing of the holding company on the foreign...
MUMBAI: A weakening rupee and higher hedging costs are prompting foreign institutional investors (FIIs) to pare their positions in the Indian debt market. That apart, some investors are apprehensive of how the General Anti-Avoidance Rules (GAAR) would impact their exposures. GAAR, which is part of the proposed direct taxes...
MUMBAI: Faced with a shortfall in gas production from its KG-D6 field, Reliance Industries Ltd (RIL) is set to make its debut in the marketing of imported natural gas. India Gas Solutions, the equal joint venture between RIL and British Petroleum (BP) set up to source and market natural...
NEW DELHI: Free pricing and supply security will be key to the growth of natural gas sector, according to Dr Abdul Rahim Hashim, President, International Gas Union, Malaysia. For the liquefied natural gas sector to grow, studies have suggested that, prices should be at least $6 a mmBtu, perhaps...
CHENNAI: The Tamil Nadu government is planning to set up two 500-Mw LNG-based power plants to address the electricity shortage in the state. One of the plants would be set up near the five-million-tonne-per-annum Indian Oil Corporation terminal that was set up after a memorandum of understanding was signed....
NEW DELHI: The Aadhaar-linked pilot project on direct transfer of subsidy for kerosene in Rajasthan has been quite successful in weeding out ghost customers. Initial trends of the project, being implemented since December 2011 in a block in Alwar, show a significant drop of kerosene being sold under the...
With dependence on imported natural gas (LNG) on the rise, interest in creating infrastructure at ports — such as terminals and re-gasification units — has seen a spurt. This dependence on imported gas is due to continued drop in domestic gas output, and no new producing fields are expected...
Unavailability of natural gas and destruction of forests and water bodies due to our inability to use our coal fields optimally is having a huge impact on our health and environment NEW DELHI: Two monopolies. One private; the other public. One in gas; the other in coal. Both equally...
By 2017 theU.S.could be the largest exporter of liquefied natural gas in the world, surpassing leading LNG exportersQatarandAustralia. There is one big “if,” however.Americacan produce more gas, export a surplus, improve the trade deficit, create jobs, generate taxable profits and reduce its dependence on foreign energy if the marketplace...