Sondi shares his enthusiasm on the expected revival while detailing what more needs to be done to lift the sector.
India’s first IFSC is being set up at GIFT City near Ahmedabad in Gujarat.
Apart from Tripura, erstwhile Left ruled states of Kerala and West Bengal too had opposed the scheme.
The court has also directed JPL to provide the manpower and equipment to CIL.
Insurance Australia Group (IAG) of Australia currently owns 26 per cent of SBI General Insurance, with SBI, India’s largest lender, holding 74 per cent.
The department has tried to “name and shame the defaulters into paying the dues”, a source said. The CBDT has asked the defaulters to pay tax arrears immediately.
The panel was unanimous on the view that it is the development of brownfield cities that pose a challenge and need to be executed efficiently.
With banks approving the proposal, the company will get moratorium on repayment, interest rate reduction and fresh working capital.
This move of rationalising the number of unions draws parallel to a move by the Indian Railways (IR) earlier in 2007, which brought down the number of unions to 2 from 34.
Brent oil jumped 5 per cent early in the session. In New York, Brent was up $2.30, or over 4 per cent, at $58.78 a barrel by 1600 GMT.
Cumulatively, these three players put in bids worth Rs 89,396.92 crore, which is nearly a third of the total value of bids.
Jindal Power’s bid for 2 Chhattisgarh blocks were cancelled.
The meeting was attended by representatives of micro-finance institutions, NBFCs, banks, NABARD, SIDBI and RBI.
ONGC officials also said that they were keen on being partners in the establishment of a Petro-University in Andhra Pradesh.
The RBI said the restructured portion of the short term as well as long-term loans should be treated as current dues and need not be classified as NPA.
Another fund house CEO added that the AMFI board was also considering to put a cap of 60 per cent even on trail commission but the decision was scuttled because of resistance from small and mid sized players.
Sources said Bharti Airtel, Vodafone and Idea managed to win back most of their licences in the 900 MHz band that were expiring.
Operators of gas-based power units will get monetary support from the government for a period of one year so as to be able to service their debt.
Mani, the leader of Kerala Congress (M), has presented the maximum — 13 — Budgets in the Legislative Assembly as finance minister.
In contrast, the power generation sector has private producers contributing well over one-third of the capacity after the Electricity Act, 2003, opened up the sector to private participation.
Passage of the Bill in the upcoming session is essential as the government has targetted April 1, 2016, for the roll out of the goods and services tax.
"For Asia, the process of China’s liberalisation is very important," says John Lipsky.
The sale of the power subsidiary is part of the parent company’s efforts to pare its consolidated net debts.
These issues have become grey area for Indian IT companies in an ever-changing industry.
The new airline, promoted by Decor Aviation, will see an initial investment of Rs 100 crore.
DoCoMo in July last year had announced plans to exit Tata Teleservices.
Linkages are given by CIL to companies for their projects which have no captive coal mines.
All the blocks allotted are for the power sector, barring one given to SAIL.
The epfo’S decision making body — the Central Board of Trustees — is likely to take a call on these proposals at a meeting on March 31.
Posted R1,500 cr shortfall in operating revenue, rise in operational expenses.
To address human resources-related issues first, says Airports Authority of India.
The Centre’s fiscal deficit is estimated at 3.9 per cent of the GDP in 2015-16, as against the targetted 4.1 per cent in 2014-15.
The Gujarat International Finance Tec-City (GIFT) will be the first international finance centre in the country and will help bring in at least $50 billion annually from investments.
Earlier on March 19, the Delhi High Court had directed the Directorate General of Civil Aviation (DGCA) to de-register six Boeing 737 aircraft operated by SpiceJet.
The Ordinance lapses on April 5 and for its re-promulgation, the Budget session will have to be prorogued, a call that the government is yet to take.
This means not just using smart technologies but harnessing efficiencies to create a smart management plan to handle the opportunities urbanisation brings for a larger number of Indians.