Posts Tagged ‘government’

IFFCO acquires stake in UCX

The Indian Farmers Fertliser Co operative (IFFCO) has acquired equity stake in Universal Commodity Exchange (UCX) which is a group company of IT People (India). UCX is the newest national level multi commodity exchange to have received approvals from the Government of India

Bajaj Hindusthan in pact with UP Govt for 1980 MW power project

Bajaj Hindusthan has signed a MOU with Government of Uttar Pradesh for setting up a mega power project of 1980 MW (3 X 660MW) at Bargarh in UP.

Export ban brings Indian onion prices down sharply

Onion prices in India fell more than 30% after the government banned exports to rein in the cost of the vegetable, a staple for Indians and sometimes a trigger for voter protests over inflation.

Onion prices will moderate after 3 weeks: Pawar

The government has said prices of onions are likely to remain high for the next three weeks, but the situation is likely to improve thereafter in the wake of its move to ban exports of the commodity. “Onion prices will remain high for the next three weeks and the situation is likely to improve only after two-three weeks

Govt suspends onion exports till Jan 15

In a bid to control soaring onion prices, the government has decided to suspend onion exports till the January 15, reports CNBCTV18.

DTC may get delayed further

Several leading industry leaders and tax experts have asked the government for more time to feedback on the Direct Tax Code Bill, reports CNBCTV18.

Right to Privacy?

In what situations can the government invade our privacy and tap our phones?

Punjab & Sind Bank IPO gets overwhelming response

Issue subscribed 50.75 times Initial public offering of Punjab & Sind Bank subscribed 50.75 times on closing day, Thursday. It received bids for 2,030 million shares as against 40 million shares on offer

Actis, GIC to invest Rs 6.98 bn in GVK Energy

GVK Energy has signed agreements for a second round of private equity (PE) investment worth Rs 6.98 billion US-based Actis and an affiliate of the Government of Singapore Investment Corporation (GIC). Both would invest Rs 3.49 billion in GVK Energy, a wholly owned subsidiary of Hyderabad-based GVK Power and Infrastructure (GVKPIL)

PM breaks silence over phone tapping; admits industry nervous

Breaking his silence over the telephone tapping controversy, PM Singh on Tuesday acknowledged that there was `nervousness` in the corporate sector and spoke of tightening the system to prevent leakage of tapped conversations. Speaking at a business conference in New Delhi, he said the Cabinet Secretary has been asked to look into these issues and report back to the Cabinet within the next month. “I am aware of the nervousness in the corporate sector, arising out of the powers conferred upon the government authorities to…

Pranab desires GST rollout together with DTC

With the introduction of proposed GST all set to miss the timeframe of April 1, 2011, the government today expressed desire to roll it out together with DTC from 2012-13, reports PTI. Addressing a seminar on Goods and Services Tax (GST), Finance Minister Pranab Mukherjee, however, admitted that there are some problems in the way of implementing the new indirect tax system. He said issues relating to constitution amendments required to roll out the new indirect tax system remain to be sorted out with states

FM says fall in inflation outcome of fiscal, monetary policies

Amid expectations that RBI would pause rate hike spree in its policy review on Thursday, the Government today attributed the 11-month low inflation of 7.48% in November to prudent fiscal, monetary policies, reports PTI. However, it also stressed upon the need for not straying off the course

Concerned with IT dept’s power to tap calls: Harish Salve

SC lawyer Harish Salve is wary of the Income Tax department having authorization of tapping phone. “A charge of tax evasion can be made against anybody and it becomes a very potent weapon for the government to eavesdrop on people’s conversations,” he explains.

US mkt up on govt policies, not eco recovery: Newedge

Kirby Daley, Senior Strategist at Newedge Group is against the government pumping further capital into the US markets. He feels it is the government’s policies and not a recovery in the economy that’s boosting the markets now