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NEW DELHI: With the rising role of private sector in defence production, the government is planning guidelines for defence sector joint ventures (JVs) between Indian and foreign firms. Government sources said these will be similar to foreign direct investment (FDI) norms for defence collaborations in certain developed countries. The...
WASHINGTON: After the flak over his remarks to a think tank here, Chief Economic Advisor Kaushik Basu feels India will see “some important” reforms in the next six months, including on subsidies and maybe partial diesel decontrol and FDI (foreign direct investment) in retail. However, he feels the “biggest...
NEW DELHI/MUMBAI: The finance ministry has asked the Reserve Bank to open a $10-billion window for individual foreign investors in corporate debt, hoping high yields on Indian paper will attract greater flows and prevent large government borrowing from pushing up interest rates. This year’s budget has proposed to allow...
NEW DELHI/MUMBAI: The finance ministry is set to halve the tax burden to keep alive the interest of private equity (PE) players, who constitute the biggest foreign direct investor group in India. The ministry is prepared to lower long-term capital gains tax on unlisted stocks to 10% for PEs,...
NEW DELHI: It could be a second innings for special economic zones, especially those held up for years, with the commerce department proposing fresh tax concessions and a cut in the minimum area requirement to a quarter of the present specifications. The department has suggested that any zone that...
By B.K. Chum in Chandigarh As Himachal Pradesh Assembly elections is gearing up for 2012 end – the hill state is becoming a land of controversies. The latest include the dispute between the Army and the State government over the possession of Annandale ground and the opposition to the...
By Anil Gulati BHOPAL: A child from Balaghat district of Madhya Pradesh sketches a painting of a couple being married yet crying !. In the sketch painted by the child these are not adults but children who are getting married. Child sketches the reason they are crying as they...
By Garga Chatterjee For academic discourse, two things that are of utmost importance are quality and iconoclasm. Both are easier stated than implemented. We need iconoclasm in the world of knowledge to both expand and question our conceptions of the world. Ideas, especially those on which the reputation of...
NEW DELHI: The Petroleum Ministry has been asked to do some soul-searching. It has been told to prepare a white paper to improve the investment climate under the oil and gas auction rounds. The fading interest of big players and constant rescue acts by ONGC and other public sector...
KOLKATA/GUWAHATI: Brahmaputra Cracker and Polymer Ltd (BCPL), popularly known as the Assam Gas Cracker Project, “is likely to be completed by December 2013”, said Prime Minister Manmohan Singh here on Friday. He said that the Gas Cracker Project, which was originally scheduled to be completed by April 2012, “is...