Journalism of Courage
The commerce and industry ministry will initiate formal consultations with all stake holders soon for allowing FDI in e-commerce activities,which will include selling of insurance and shares,besides retail. The Department of Industrial Policy and Promotion (DIPP) has started the exercise on the matter and has prepared a draft note.
The disinvestment department will embark on a three-nation roadshow,including Singapore and Dubai,beginning next month to attract foreign investors for the 10 per cent disinvestment of IOC,estimated to fetch the government over Rs 4,000 crore.
LIC asks for extension to meet new norms
Mumbai: Life Insurance of India (LIC) has said it has asked the regulator for extending the deadline for withdrawing existing products that do not meet the new norms from October 1.
Tata may get extension for Taj Mansingh hotel
Tata-owned Indian Hotels Company Limited (IHCL) is likely to get an extension of three months to operate the Taj Mahal Hotel here after its lease expires next month.
RBI to finish scrutiny of bank permits soon
New Delhi: The Reserve Bank is likely to complete initial scrutiny of 26 applications for new bank licences in a month,a senior RBI official said.
