Prime Minister Manmohan Singh has said the govt is working towards creating an atmosphere where trade and industry come forward to reserve jobs for the socially underprivileged – a practice in vogue in the public sector.
Prime Minister Manmohan Singh has said inflation would come down to 5-6 percent by December and projected an 8.5 percent economic growth for this fiscal.
Government of India has initiated collaborative process of formulation of Open Standards for e-Governance in India with the objective of enabling seamless interoperability of various e-governance solutions developed by multiple agencies, and to promote technology choice and avoid vendor lock-in,
Section 80-IB (10) of the Act is aimed at promoting construction of housing projects, so as to address the problem of shortage of dwelling units. The predominant objective of this incentive provision, therefore, is to encourage better availability of the dwelling units for low and middle class segment of the society.
Consumers will have to pay at least Rs 5,000 more to buy a car and up to Rs 2,000 for purchasing a two-wheeler in Delhi as the state government is raising road tax on vehicles. Automakers say this would increase the cost of ownership of their vehicles which could have an adverse impact on sales volume.
Banks double expansion plans after RBI’s decision to allow them to open branches in Tier-III to VI cities without prior permission. An easing of the requirement to take the Reserve Bank of India’s (RBI’s) permission for opening new bank branches has led to a substantial rise in their number.
Market regulator Sebi wants to end the practice of placing restrictive clauses by companies which strip their ADR/GDR investors of voting rights. The Sebi board meeting last week had deliberated on the need to remove obstacles to bringing the holders of global and American depository receipts (GDRs/ADRs) at par with domestic investors.
Medical care at overseas hospitals could well be within your reach with a number of health insurance providers planning to launch a premium health cover shortly. Health insurance providers, both private and state-owned, are readying products targeted at high networth individuals that would provide a cover of about Rs 50 lakh.
Union industry minister Anand Sharma on Saturday disappointed the industry of North-East as he could not assure any timeframe to restore the excise duty benefits that the industry of the region enjoyed under the North-East Industrial and Investment Promotion Policy (NEIIPP) 2007, till March 2008.
Big corporate houses in India may not have to live under fear of having to seek the competition watchdog’s approval for every small merger or acquisition in India or abroad. The Competition Commission of India (CCI) is now planning to set a turnover limit of Rs 600 crore and asset-size limit of Rs 200 crore separately for both the acquiring and target company in an M&A deal. While this does help big corporates, it will bring all mid-sized M&A deals under the regulatory ambit.
