Posts Tagged ‘government’

Omaxe arm wins Rs 1.36 bn worth contract

Omaxe Infrastructure & Construction (OICL) , a wholly owned subsidiary of Omaxe, has bagged a contract worth Rs 1.36 billion for construction of dwelling units including allied services for officers, JCOs/OR at Deolali (Army) and Nasik (AF) by Director General Married Accommodation Project, Government of India, Ministry of Defense, New Delhi. The stock had underperformed the market over the past one month till Feb.

ARSS bags order worth Rs 104 crore from Assam State Govt

The Bhubaneswar based ARSS Infrastructure Projects Limited, focusing on construction of railway infrastructure, roads, highways bridges has announced that it has received a new work order from Government of Assam for Rs 104 crore.

PM vows to tackle inflation as food prices climb

Prime Minister Manmohan Singh vowed on Thursday to control inflation, a problem that has sparked street protests this week and added pressure on the government already under fire over corruption scandals.

Singapore’s GIC, Bain Cap to invest Rs 4500cr in Hero Grp

The Munjal family promoted Hero Group is looking to sell part of its stake that it acquired from Honda to Government of Singapore Investment Corporation (GIC) and private equity firm Bain Capital, reports CNBCTV18 citing sources.

Banks hope for nod to sell infra bonds in budget

Indian banks are hoping they get the government’s nod to issue taxfree infrastructure bonds and some a tax concession for 201112.

Fin Min to prepare version 4 of GST amendment: Sources

The GST constitutional amendment that will be tabled in the budget session of Parliament may be revised yet again. CNBCTV18’s Aakansha Sethi learns that the government is working on a fourth draft of the amendment.

Singapore’s GIC, Bain Cap to invest Rs 4500cr in Hero Group

The Munjal family promoted Hero Group is looking to sell part of its stake that it acquired from Honda to Government of Singapore Investment Corporation (GIC) and private equity firm Bain Capital, reports CNBCTV18 citing sources.

Power firms want extension of tax sops in budget

Indian power sector expects the government to continue its thrust on infrastructure and pins its hopes on incentives for the renewable energy sector and extension of sunset clause under Income Tax Act in the budget for 201112 to be tabled in parliament on February 28.

What will FM do to protect bleeding oil companies?

As the Indian crude basket crossed the USD 100/bbl mark on Monday, the government will have to swing into action to protect the bleeding oil marketing companies that may just report combined underrecoveries to the tune of Rs 1 lakh crore. Nayantara Rai reports on the options before the finance minister.

Govt cannot purchase, manage vegetables and fruits: Pawar

Asserting that price rise of some vegetables like onion in the past one month was “temporary“, the government today ruled out any possibility of purchasing and managing perishable produce directly from farmers in line with other commodities like wheat and rice, reports PTI.

Some inflationary pressure to remain in a growing economy: FM

Maintaining that “some inflationary pressure“ will remain in a growing economy, Finance Minister Pranab Mukherjee has urged the states to strengthen PDS to enable the government insulate the poor from the adverse impact of inflation.

`Price stability on agenda, will take more measures`

The government today said high food inflation is adversely affecting the common man and it intends to employ various measures to tackle the situation, including schemes that will facilitate opening up farmers` mandis and mobile bazaars, reports PTI. Some of the important steps the government intends to implement include schemes enabling state governments to set up farmer`s mandis and mobile bazaars, strengthening of the Public Distribution System (PDS) through computerisation and opening more procurement windows across the country, Minister of State for Finance Namo Narain Meena told the Rajya…

Some inflationary pressure to remain in growing economy: FM

Maintaining that “some inflationary pressure” will remain in a growing economy, Finance Minister Pranab Mukherjee today urged the states to strengthen PDS to enable the government insulate the poor from the adverse impact of inflation.

Govt to lay further emphasis on public safety and security domain: NEC India

Rajiv Bhalla, Country Head NEC India while sharing his views for the Union Budget 2011 said , “There are emerging technologies where India has an opportunity to take the lead. This year we are very hopeful and seek a progressive budget in terms of giving impetus to innovation and greater emphasis on integration of technology in education, healthcare and public safety and security.“