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India’s annual food inflation rises to 14.55 percent

India’s annual food inflation rises to 14.55 percent

November 19th, 2009 - 5:15 pm ICT by IANS -
New Delhi, Nov 19 (IANS) India's annual food inflation, based on wholesale prices, moved up to 14.55 percent for the week ended Nov 7 from 13.68 percent the week before, official ...

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Economic cooperation to be at forefront of future India-US ties

Economic cooperation to be at forefront of future India-US ties

November 19th, 2009 - 12:29 am ICT by IANS -
By Arun Kumar Washington, Nov 18 (IANS) Ahead of Prime Minister Manmohan Singh's state visit next week, the United States has said it expects a significant portion of their future ties built ...

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We’re out of time to conclude global action plan in Copenhagen: Obama

We’re out of time to conclude global action plan in Copenhagen: Obama

November 16th, 2009 - 2:22 pm ICT by ANI -
London, Nov. 16 (ANI): US President Barack Obama has recognized that it would be impossible to reach a fully internationally legally binding climate agreement in Copenhagen next month as very little ...

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Gasoline must be blended with ethanol, oil firms told

Gasoline must be blended with ethanol, oil firms told

November 12th, 2009 - 7:18 pm ICT by IANS -
New Delhi, Nov 12 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday reiterated that oil marketing companies had to ensure gasoline was blended with 5 percent ethanol. "The cabinet decided to ...

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CCEA approves additional investment in OVL block BC-10, Brazil

November 12th, 2009 - 6:40 pm ICT by ANI -
New Delhi, Nov 12 (ANI): The Cabinet Committee on Economic Affairs on Thursday authorized Oil and Natural Gas Company Videsh Limited (OVL) to make an additional investment of USD70 million taking the ...

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ONGC arm gets nod for more investment in Brazil

ONGC arm gets nod for more investment in Brazil

November 12th, 2009 - 6:12 pm ICT by IANS -
New Delhi, Nov 12 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday authorised the overseas arm of Oil and Natural Gas Corp (ONGC) to make an additional investment of $70 ...

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India’s annual food inflation rises to 13.7 percent

November 12th, 2009 - 2:29 pm ICT by IANS -
New Delhi, Nov 12 (IANS) India's annual food inflation, based on wholesale prices, moved up to 13.68 percent for the week ended Oct 31 from 13.39 percent for the week before, as ...

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Pak to receive 174 million dollars as US restores budgetary support

November 12th, 2009 - 12:58 pm ICT by ANI -
Islamabad, Nov.12 (ANI): The United States has restored Pakistan's budgetary support, nearly three years after it was suspended. Islamabad is set to receive about 174 million dollars as a result. Informing the media ...

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Seoul to host G20 summit next year

November 9th, 2009 - 8:55 pm ICT by IANS -
Seoul, Nov 9 (IANS) The South Korean capital will host a Group of 20 (G20) summit in November next year, an official said Monday. Sakong Il, former economic affairs adviser to President Lee ...

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Separate contract okayed for oil exploration in Nagaland

Separate contract okayed for oil exploration in Nagaland

November 5th, 2009 - 8:27 pm ICT by IANS -
New Delhi, Nov 5 (IANS) The Cabinet Committee for Economic Affairs (CCEA) Thursday decided to split the production sharing contract for a block in north-eastern India to facilitate more exploration in ...

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Support price for wheat hiked by Rs.20

Support price for wheat hiked by Rs.20

November 5th, 2009 - 7:12 pm ICT by IANS -
New Delhi, Nov 5 (IANS) The government Thursday hiked the minimum support price (MSP) of wheat by Rs.20, barley by Rs.70 and gram by Rs.30 per quintal for the current rabi ...

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CPSEs should need mandatory listing of 10 per cent public ownership: Govt.

November 5th, 2009 - 6:23 pm ICT by ANI -
New Delhi, Nov 5(ANI): The Government on Thursday decided that all profitable listed Central Public Sector Enterprises (CPSEs) should meet the mandatory listing of 10 percent public ownership. It has also been ...

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New rules approved for Foreign Technology Collaborations

November 5th, 2009 - 6:22 pm ICT by ANI -
New Delhi, Nov 5(ANI): The Government on Thursday agreed to frame new rules for payments for royalty, lump-sum fee for transfer of technology, payments for use of trademark/brand name on the automatic ...

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Primary inflation declines to 0.1 percent as per new monitoring mechanism

November 5th, 2009 - 3:27 pm ICT by ANI -
New Delhi, November 5 (ANI): The government has introduced a new mechanism for monitoring the wholesale price movement, under which the inflation of primary articles including food grains, pulses and vegetables declined ...

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Government approves bonus for paddy

October 29th, 2009 - 11:26 pm ICT by IANS -
New Delhi, Oct 29 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday approved a bonus of Rs.50 per quintal over and above the minimum support price to paddy farmers. The ...

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Rural Electrification gets nod for public offer

October 29th, 2009 - 11:18 pm ICT by IANS -
New Delhi, Oct 29 (IANS) The government Thursday approved state-run Rural Electrification Corp's (REC) proposal to raise additional resources through a follow-on public offer (FPO). The approval was given by the Cabinet Committee ...

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ONGC to invest $174 mn in Myanmar

ONGC to invest $174 mn in Myanmar

October 29th, 2009 - 11:03 pm ICT by IANS -
New Delhi, Oct 29 (IANS) The overseas arm of Oil and Natural Gas Corp (ONGC) has been allowed to make an investment of up to $173.85 million in a hydrocarbon assets ...

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Government sanctions Rs.300 crore to develop leather park

Government sanctions Rs.300 crore to develop leather park

October 22nd, 2009 - 9:46 pm ICT by IANS -
New Delhi, Oct 22 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Thursday sanctioned Rs.300 crore to develop a leather park to provide the industry with infrastructure at one place and ...

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Dhaka to survey Bay of Bengal to fix maritime boundary

October 21st, 2009 - 1:46 pm ICT by IANS -
Dhaka, Oct 21 (IANS) Bangladesh has decided to conduct a seismic survey in the Bay of Bengal to gather data for delineating its maritime boundaries with India and Myanmar. Dhaka needs the ...

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Himachal hydropower major upbeat over disinvestment plans (Lead)

October 20th, 2009 - 2:33 pm ICT by IANS -
Shimla, Oct 20 (IANS) Authorities in hydropower major Satluj Jal Vidyut Nigam Ltd (SJVNL) are upbeat over the central government's decision to divest 10 percent stake through public offer, saying disinvestment will ...

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‘Divestment will help in branding Satluj Jal Vidyut Nigam’

October 20th, 2009 - 1:17 pm ICT by IANS -
Shimla, Oct 20 (IANS) Authorities in hydropower major Satluj Jal Vidyut Nigam Ltd (SJVNL), who are upbeat over the central government's decision to divest 10 percent stake through public offer, Tuesday said ...

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Cabinet approves five percent disinvestment in NTPC

October 19th, 2009 - 5:08 pm ICT by ANI -
New Delhi, Oct 19 (ANI): The Cabinet Committee on Economic Affairs (CCEA) today gave its approval for disinvestment of five percent paid up equity capital of National thermal Power Corporation (NTPC), out ...

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Government okays Telenor’s plan to up stake in Unitech

October 19th, 2009 - 4:55 pm ICT by IANS -
New Delhi, Oct 19 (IANS) The Cabinet Committee on Economic Affairs (CCEA) Monday approved Norwegian telecom major Telenor's proposal to increase its stake in Unitech Wireless (Tamil Nadu) Ltd to 74 percent. ...

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Government approves divestment in power firms

October 19th, 2009 - 4:11 pm ICT by IANS -
New Delhi, Oct 19 (IANS) The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to divest stake in state-run utilities NTPC Ltd and Satluj Jal Vidyut Nigam Ltd (SJVN). The government ...

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Government approves proposal on monthly inflation data

October 19th, 2009 - 3:17 pm ICT by IANS -
New Delhi, Oct 19 (IANS) The government Monday approved a proposal to release inflation data on a monthly basis instead of week-wise as is done currently. The decision, taken by the ...

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Decision on month-wise inflation data likely Monday

October 18th, 2009 - 9:02 pm ICT by IANS -
New Delhi, Oct 18 (IANS) The government Monday is expected to take a decision on releasing inflation data on a monthly basis instead of week-wise as is done currently, a senior commerce ...

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Rs.5,000 crore to be infused in Air India: Patel (Lead)

October 14th, 2009 - 9:32 pm ICT by IANS -
Mumbai, Oct 14 (IANS) Talking tough on cost-cutting measures at Air India which posted losses of Rs.7,200 crore last fiscal, Civil Aviation Minister Praful Patel said here Wednesday that a major revamp ...

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ONGC gets nod for investment in Vietnamese oil block

ONGC gets nod for investment in Vietnamese oil block

October 1st, 2009 - 5:28 pm ICT by IANS -
New Delhi, Oct 1 (IANS) The overseas investment arm of state-run Oil and Natural Gas Corp (ONGC) has secured the government's nod for an additional investment of $149.46 million in a ...

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No cabinet briefing due to model code of conduct

No cabinet briefing due to model code of conduct

October 1st, 2009 - 5:04 pm ICT by IANS -
New Delhi, Oct 1 (IANS) Information and Broadcasting Minister Ambika Soni Thursday cancelled a scheduled media briefing after a cabinet meeting in view of the model code of conduct in force ...

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Cabinet meetings cancelled in view of upcoming assembly polls

October 1st, 2009 - 3:06 pm ICT by ANI -
New Delhi, Oct.1 (ANI): Scheduled meetings of the Union Cabinet were cancelled on Thursday in deference to the Model Code of Conduct introduced ahead of this month's assembly elections in the states ...

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