IPA Staff

 

8571 stories by IPA Staff

Statement on the Launch of the SME Exchange by Mr Chandrajit Banerjee, Director General, CII

Commenting on the launch of the SME Exchange, the CII Director General, Mr Chandrajit Banerjee commended the Ministry of MSME and Securities and Exchange Board of India (SEBI), for guiding the bourses and facilitating the way forward for the SMEs to access equity finance. Congratulating the Bombay Stock Exchange...

Mar 19 · >

Defence Research And Development Organisationto Focus On New Missile Systems, UAVs

PUNE: The defence research and development organisation (DRDO), which has been allocated Rs 10,640 crore in the Union Budget 2012, will put a major thrust on projects including development of unmanned aerial vehicles (UAVs), Kaveri-II engine for the light combat aircraft, and new generation and tactical short-range missiles, in...

Mar 19 · >

Army Legal Officers’ Promotions Stayed

CHANDIGARH: The Judge Advocate General’s (JAG) Department, the Army’s legal wing, is in the eye of the storm yet again. Following a petition by a senior Judge Advocate General officer, alleging irregularities in the empanelment of officers for promotion, the Armed Forces Tribunal has stayed the proceedings of the...

Mar 19 · >

Stop Just Looking – Grab East!

Its significance lies in the fact that it took 40 years to happen. Next week,Bangladeshis set to honour a number of Indians, including Lt Gen J F R Jacob, one of the architects of the Indian army’s victory over Pakistani forces in the 1971 war. Those unfamiliar with history...

Mar 19 · >

FLAG Telecom To List, Divest 75% For $1.25-1.5 Billion

NEW DELHI: Reliance Communications-controlled FLAG Telecom has filed a prospectus in the Singapore Stock Exchange to list and divest 75 per cent stake in the submarine cables business for $1.25-1.5 billion (Rs 6,250-7,500 crore). The transaction is expected to be completed by the second week of May, according to...

Mar 19 · >

New Tax Plan Won’t Hurt Investment, Says Government

NEW DELHI: Allaying fears of the industry, finance secretary R.S. Gujral on Sunday said budget tax proposals are not meant to cause undue harassment to companies and will not impact overseas investment into the country. But in an indication that the government plans to stick to its stand, Gujral...

Mar 19 · >

Time Is Right For Rate Cut, Says R. Gopalan

The finance ministry is budgeting on the provisions in the budget to spur growth. R Gopalan, secretary, economic affairs in the ministry of finance, says it may be time for the Reserve Bank of India to rethink its monetary policy. Excerpts from an interview with ET. The budget seems...

Mar 19 · >

Budget 2012 Proposal May Make Private Equity, Venture Funds Investment Difficult

MUMBAI: Private equity firms and capital venture funds, eyeing stakes in companies, will find it tougher to make investments in the country if a Union Budget proposal becomes a law. The proposed rule requires firms to pay income tax on the premium they have charged over their fair market...

Mar 19 · >

Power Companies Seek More Policy Initiatives

MUMBAI: The private power producers are happy with the announcement of a slew of goodies for the sector in the Budget, but unanimously say that it makes only a marginal difference and a lot more needs to be done. They now want the government to take policy initiatives, regulators...

Mar 19 · >

Tax On Offshore Share Transfers May Hit Cross-Border M&A Deals

MUMBAI: India Inc, which saw a declining number of mergers & acquisitions (M&As) in 2011, is set to face another blow in the form of a new tax proposal from the finance ministry in the Union Budget. The government has proposed to retrospectively tax offshore share transfers of foreign...

Mar 19 · >