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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...