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NEW DELHI: After an 18-month delay, the department of telecommunications (DoT) has issued an internet service provider (ISP) licence to US-based chipmaker Qualco-mm, which will pave the way for the company to go ahead with the launch of broadband wireless access (BWA) services. Qualcomm had won BWA spectrum in...
CII welcomes the recovery in economic growth projected by the Economic Survey. GDP growth is projected to accelerate to 7.6% in 2012-13 and further to 8.6% in the following year. However, “a stronger recovery in growth is possible if supply-side bottlenecks are eased and economic reforms are taken forward”,...
By Anjan Roy While the Economic Survey is optimistic about the future prospects of the Indian economy, it has also underlined several challenges. The first of these is the falling share of the industrial sector in the overall GDP, which needs to be reversed. Survey had pointed out the...
MUMBAI, March 15 (Reuters) – Indian shares fell for the first time in five sessions as sectors sensitive to interest rates such as banks and real estate dropped after the central bank kept its policy rates unchanged, voicing a more hawkish stance than expected. Though analysts had largely expected...
Chandigarh, March 15 – Haryana Government has decided to introduce two award schemes namely “Surakshit Maa Awards” and “Swasth Maa Award” from the next financial year in the state to promote institutional deliveries and create awareness and responsible health seeking behavior in pregnant women. A sum of Rs 81.50...
New Delhi: Railway Minister Dinesh Trivedi, whose removal has been demanded by his party leader and Trinamool Congress boss Mamata Banerjee, on Thursday said he has not resigned as yet. However, he made it clear that he would resign the moment the Prime Minister or Mamata Banerjee ask him...
Favouring a phased opening of India’s multi-brand retail trade to FDI, the Economic Survey 2011-12 on Thursday said foreign investment could help in curbing food inflation in a significant way. “Allowing FDI in multi-brand retail is one of the major issues in this sector. This could begin in a...
Aishwarya Rai, currently on a sabbatical after being in the industry for over a decade, says she was happy to have worked with different directors. “I am glad to have worked with different directors on different roles. I had always been greedy to work with different directors on different...
Prime Minister Manmohan Singh Thursday said the government will consider replacing Railway Minister Dinesh Trivedi if the situation demands. “Well, if anything like this develops, we will consider it,” Manmohan Singh told reporters in parliament when asked whether he would consider replacing Trivedi following demands by Trinamool Congress leader...
Railway Minister Dinesh Trivedi has not resigned, Finance Minister Pranab Mukherjee told the Lok Sabha today. He, however, said that Prime Minister Manmohan Singh has received a communication from Trinamool Congress chairperson Mamata Banerjee which was under “active consideration”. “As and when a decision will be taken, the House...
Mumbai (Reuters) – The BSE Sensex fell for the first time in five sessions on Thursday as sectors sensitive to interest rates such as banks and real estate firms dropped after the RBI kept its policy unchanged and voiced a more hawkish stance than investors had expected. The main...
Just last month, Shahid Kapoor celebrated his birthday in great style over a four-day weekend at Goa’s sun-kissed Morjim beach. What’s more, while most of his guests flew down for the big party much later, he left earlier, accompanied by a certain Nargis Fakhri. Ever since, there has been...
NEW DELHI: India has become the fourth largest economy in the world due to a strong economic growth but still has a low per capita income, the Economic Survey revealed today. “India has emerged as the fourth largest economy globally with a high growth rate and has improved its...
New Delhi: Exhausted by Mamata Banerjee’s diktats that have blocked economic reform, the Congress is deciding whether to reboot the ruling UPA coalition that it leads. Ms Banerjee, unpredictable and temperamental at the best of times, has 19 Lok Sabha MPs. The Congress is increasingly confident that if she...
New Delhi: New UP chief minister Akhilesh Yadav, who has been feted for trying to keep away people with dubious antecedents from the Samajwadi Party as he fought a winning battle for UP, will find himself having to repeatedly explain the induction of Independent MLA from Kunda, Raghuraj Pratap...
New Delhi: Railway Minister Dinesh Trivedi looked set to quit on Thursday after a storm broke out over his move to raise passenger fares, underscoring the government’s inability to take unpopular policy steps amid growing speculation the ruling coalition could break up. Breaking with years of populist policies, Mr...
CII notes that the Economic Survey projects recovery in GDP growth in the next two fiscals to 7.6% and 8.6% respectively. CII’s concerns on high interest rates, falling investment and high fiscal deficit having impact on industrial growth has been rightly highlighted by the Economic Survey. Concerted actions on...
As widely expected, the Reserve Bank of India has refrained from immediate action on lowering of key lending rates till there are signs of further easing of inflation. Its mid-quarter review on the eve of Budget has kept repo and other policy rates unchanged while it has recently effected...