Jan 30, 2009

Govt starts uranium drill

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Govt starts uranium drill
New Delhi, Sept. 8: The government has lined up a string of initiatives to increase the availability of uranium, which is used in the generation of nuclear power as well as in nuclear weapons. |  Read


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Cash blitz for jobs

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Cash blitz for jobs
New Delhi, Nov. 9: The Manmohan Singh government is planning to spend up to Rs 25,000 crore on infrastructure and the employment guarantee programme to boost growth and create jobs for people it fears will be thrown out of work because of the global economic crisis. |  Read


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Price-bitten Centre faces grain tussle

'>Price-bitten Centre faces grain tussle
New Delhi, April 2: The Congress-led government at the Centre is caught between the devil and the deep sea over grain prices. |  Read


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Deora plea for oil hunt relief
New Delhi, June 15: Petroleum minister Murli Deora has sought the intervention of Prime Minister Manmohan Singh to restore tax benefits to the prospective bidders of oil and gas blocks under the seventh round of the new exploration licensing policy (Nelp). |  Read


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Deora effort to slip free from tax debate
New Delhi, July 9: Petroleum minister Murli Deora today tried to duck Samajwadi Party leader Amar Singh019s demand for a windfall profit tax on private oil refiners by claiming that the commerce and finance ministries would have to decide on the imposition of such a tax. |  Read


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Centre takes over 4 tea gardens
New Delhi, Feb. 8: The Centre has taken over four tea gardens, two each in Bengal and Kerala, and called for expressions of interest from interested parties to run them. |  Read


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Sovereign fund faces hurdle
New Delhi, Feb. 20: The finance ministry has opposed the Planning Commission019s proposal for a sovereign wealth fund to invest abroad in a manner similar to Singapore019s Temasek. |  Read


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New markets to get priority in trade
New Delhi, April 9: The government is likely to provide incentives for exports to new markets in Africa and Latin America, along with promoting value-added items in one of India019s main export markets, the US. |  Read


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NHB sees drop in home loan rates
New Delhi, Sept. 9: The National Housing Bank (NHB) today said it expected interest rates on home loans to start falling from January. |  Read


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Debate on export target
New Delhi, March 26: The government is considering a $200-billion export target for 2008-09 in the annual review of the foreign trade policy next month. However, exporters, who are already hit by the rupee019s appreciation, are sceptical about such a high target when the signs of a slowdown in the US economy are looming large on them. |  Read


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Weak markets fail to scuttle PSU issue plan
New Delhi, March 10: The UPA government is pressing ahead with its agenda of listing public sector units (PSUs), despite a bear run in the markets and signs of a slowdown in the US economy. |  Read


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Mega power project faces land hurdle
New Delhi, Aug. 31: The mega power project at Bedabahal in Orissa is facing a land acquisition problem, which can delay bidding for the over Rs 16,000-crore project, in which the Tatas, Reliance Power and Larsen & Toubro are interested. |  Read


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New threshold fixed for fuel price cuts
New Delhi, Oct. 19: The government will cut fuel prices only if the price of the Indian basket of crude oil stabilises at $61 per barrel. |  Read


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Disputed dam sparks Indo-Pak race
New Delhi, April 15: India is planning to speed up work on a dam on the Jhelum to wrest the advantage from Pakistan, which recently awarded a contract for a power project on the river to a Chinese consortium. |  Read


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Bid to create South Asia power grid
New Delhi, Sept. 21: India is taking the initiative in setting up a power grid across South Asia, with projects in Myanmar, Nepal, Bhutan and Sri Lanka which when completed, will see electricity traded across countries in the region. |  Read


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FM hums rate-cut tune
New Delhi, Nov. 24: The Congress-led government today signalled its willingness to cut interest rates and excise duties. |  Read


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Railways cut ore tariff
New Delhi, June 10: The Indian Railways is all set to give road carriers a tough ride by reducing freight charges on iron ore despite the hike in diesel prices. |  Read


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Cement firms seek duty on Pak imports
New Delhi, Dec. 22: Indian manufacturers want the government to impose a countervailing duty on cement from Pakistan. |  Read


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2-wheeler fingers crossed
New Delhi, Jan. 10: The people019s car may not have scared fellow four-wheelers on the road but one segment doesn019t like it at all 014 the zip, zap, zoom brigade. |  Read


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Saarc gains for local firms
New Delhi, Aug. 10: Indian companies will find setting up production facilities in Bhutan, Nepal, Maldives and Bangladesh an attractive proposition following the government019s decision to reduce the import tariff on over 250 items from these countries. |  Read


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Free trade talks with EU lose pace
New Delhi, March 16: India and the European Union (EU) will have to give the December deadline for their free trade agreement a miss if differences persist over the negative list and non-tariff barriers to trade. |  Read


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Food woes signal end to Doha row
New Delhi, May 4: The global food crisis could provide impetus to kick-start the stalled Doha round of trade negotiations. However, the crisis could weaken the bargaining position of developing nations, who have been united in opposing farm subsidies of developed countries. |  Read


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Oil India float by Sept
New Delhi, June 9: State-owned Oil India Limited plans to come out with an initial public offering (IPO) around August-September. |  Read


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Strategy to enliven tea
New Delhi, Jan. 21: The Centre has asked the Bengal government to allow horticulture and tourism in sick tea gardens to make them financially viable. |  Read


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Govt prepares to start drill on fuel price cut
New Delhi, Jan. 4: The government is likely to take a decision on a fuel price cut following the submission of a cabinet note by the petroleum ministry next week. |  Read


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Big bang boost by weekend
New Delhi, Dec. 3: The Reserve Bank of India (RBI) is expected to cut interest rates along with other central banks over the next three days as part of a globally co-ordinated effort. |  Read


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Reliance gas scare for govt
New Delhi, Aug. 27: The government could lose over Rs 25,000 crore if Reliance Industries (RIL) agrees to supply gas from the Krishna-Godavari basin to Reliance Natural Resources Limited (RNRL) and National Thermal Power Corporation (NTPC) at earlier contracted rates. |  Read


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Overseas uranium hunt intensifies
New Delhi, Oct. 5: The government has gone into overdrive in helping Indian companies acquire stakes in overseas uranium mining entities, at a time when India has forged closer ties in nuclear energy with the US. |  Read


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Slowdown triggers layoffs in textiles
New Delhi, Nov. 4: Textile mills are laying off workers and curtailing shifts following a decline in demand for their products in the US and Europe. |  Read


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Overseas uranium hunt intensifies
New Delhi, Oct. 5: The government has gone into overdrive in helping Indian companies acquire stakes in overseas uranium mining entities, at a time when India has forged closer ties in nuclear energy with the US. |  Read


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Slowdown triggers layoffs in textiles
New Delhi, Nov. 4: Textile mills are laying off workers and curtailing shifts following a decline in demand for their products in the US and Europe. |  Read


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Move to beat China in race for oil blocks
New Delhi, Oct. 2: The petroleum ministry wants state-run oil firms to adopt a consortium approach in bidding for overseas assets, enabling them to offer large sums and snuff out competition from Chinese firms. |  Read


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Crude price dip paves way for fuel relief
New Delhi, Nov. 2: The government can cut fuel prices marginally later this month. |  Read


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Govt snubs Left move to tax refiners
New Delhi, June 2: The Congress-led government is unwilling to go with the Left019s demand of imposing a tax on the windfall profits of private refiners. |  Read


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Lack of clarity on sop hits oil block sale
New Delhi, April 13: Differences between the petroleum and finance ministries over tax benefits to oil companies have hit the process of bidding for oil blocks under the seventh round of the new exploration and licensing policy (Nelp). |  Read


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Reliance seeks shield for Jamnagar
New Delhi, Dec. 21: Mukesh Ambani-owned Reliance Industries Limited (RIL) has sought security cover from the government for its refinery complex at Jamnagar, in the wake of the recent terror attacks in Mumbai. |  Read


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Shell shifts gears in oil retail
New Delhi, Jan. 13: Global oil firm Shell plans to expand its retail presence in the country this year, with the government planning to introduce market-determined prices for petrol and diesel. |  Read


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Myanmar message to Bangla
New Delhi, March 30: India will send a strong message to Bangladesh with a proposed transit transport project in Myanmar. |  Read


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BP to Spice up refinery
New Delhi, March 24: BP will enter into a strategic agreement to supply crude oil to Spice Energy for the 5-million-tonne refinery at Haldia being set up by CALS Refineries. Spice Energy is the holding company of CALS. |  Read


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Crisis managers on full alert
New Delhi, Oct. 29: The government is preparing a package for exporters to help them overcome the global financial crisis. |  Read


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Tatas, MMTC team up for mining
New Delhi, April 20: State-owned trading company MMTC Limited has entered into a joint venture with Tata Steel for mining operations in Africa. |  Read


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Panel tilts towards fuel tax reduction
New Delhi, Nov. 25: The group of ministers on fuel prices is likely to recommend cuts in taxes and will try to insulate consumers from the surge in global crude price that is poised to cross $100 a barrel. |  Read


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Power units face project cap
New Delhi, Nov. 15: The government is considering a cap on the number of mega power projects to be awarded to an industrial house. |  Read


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Land hurdle to big power projects
New Delhi, Nov. 27: The government019s ambitious mega-power-project programme has been hit by problems relating to land acquisition, coal supply and environment. |  Read


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Duty cut high on trade plan agenda
New Delhi, April 6: The foreign trade policy, to be announced on Friday, could make the import of food articles, commodities and metals cheaper, both to check inflation and make industry competitive globally by allowing firms access to raw materials at a lower cost. |  Read


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Fuel freedom with riders
New Delhi, Jan. 18: Any free pricing regime in fuel will have sufficient safeguards to protect consumers from market swings. |  Read


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Govt sees 25% pay hike
New Delhi, March 2: Central government employees could expect an about 20-25 per cent salary hike in the Sixth Pay Commission recommendations. |  Read


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NTPC 018inflated019 revenue by Rs 938cr
New Delhi, Jan. 16: National Thermal Power Corporation (NTPC) has overstated its revenue by Rs 938.30 crore during 2007-08, according to the Comptroller and Auditor General of India. |  Read


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Exporters seek restoration of relief
New Delhi, Aug. 3: Exporters, backed by the commerce ministry, are lobbying the finance ministry over the restoration of interest subsidy to be scrapped from September 30. |  Read


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