The Karnataka government late Monday cleared the proposals of IT bellwether Infosys Technologies Ltd to set up two more software development centres in this tech hub at an investment of Rs.2,950 crore (Rs.29.5 billion).
After increasing the registration fee for properties and road tax for luxury cars, the Delhi cabinet is set to give its nod to a proposal to hike circle rates for sale and purchase of properties in the capital June 7.
Trade Union leaders representing Coal India Ltd's workers would meet Prime Minister Manmohan Singh soon to discuss their concerns over the proposed initial public offering (IPO) of the company, Coal Minister Sriprakash Jaiswal said in Kolkata on Friday.
The urban development ministry will ask the finance ministry to review a proposal to impose service tax on under-construction properties as it may lead to a rise in real estate prices.
Further monetary tightening by the Reserve Bank of India (RBI) and imposition of service tax on under-developed housing complexes, as proposed in the Budget 2010-11, will lead to increase in property prices, according to real estate companies.
Petroleum Minister Murli Deora on Thursday appealed to petrol pump owners in Delhi not to go ahead with their proposed one-day strike from midnight to protest the Delhi government's hike of Value Added Tax on diesel.
The government proposes to delegate more powers to the aviation regulator on air safety, based on the recommendations of a new panel set up a week after the Mangalore air crash May 22, Civil Aviation Minister Praful Patel said on Thursday.
Finance Minister Pranab Mukherjee on Wednesday said he was optimistic of achieving the targeted growth of 8.5 percent if a good monsoon this year supplements the improving Indian economy. He also said that he was working to evolve consensus on the proposed Goods and Service Tax (GST).
Over three lakh BSNL employees started an indefinite nation-wide strike from Tuesday to protest the proposed disinvestment in the telecom PSU, as also voluntary retirement.
Goa Chief Minister Digambar Kamat Thursday said several hundred hectares of land, acquired for 12 special economic zones (SEZ) proposed in the state but now lying "frozen", will now be utilised for industrial development.
Prime Minister Jose Luis Rodriguez Zapatero has said that his government will unveil "in the coming weeks" the details of a proposal to raise taxes on the wealthiest Spaniards, part of a wide-ranging austerity plan to trim deficits.
In another sign of India's growing ties with China, the cabinet Wednesday approved a proposal for creating an economic wing to be headed by a minister (economic) in its embassy in Beijing.
India's markets watchdog Wednesday asked mutual funds to come out with simpler, investor-friendly products and said the industry can putforth proposals for a common policy for its governance.
Three years after being first mooted, the proposal to have a central agency that would oversee assistance to other countries has been given a quiet burial by the Indian ministry of external affairs (MEA).
Before G8 and G20 summits in Toronto next month can discuss a proposed global bank tax, Canada, whose banks stood out during the economic meltdown, has mounted an international effort to scuttle the idea. To get the US, India, China and other economies on their side and scuttle the idea, three Canadian ministers have reached Washington, Mumbai and Shanghai.
The Associated Chambers of Commerce and Industry (ASSOCHAM) Tuesday urged that 100 percent foreign equity in multi-brand retailing should not be offered to MNCs "in a single stroke" as is being proposed by Ministry of Commerce and Industry.
India has suggested close partnership with the US in cyber security, particularly against cyber terrorism, as the two countries take their economic and technological collaboration to the next level.
India can become an agricultural superpower and the proposed food security bill is coming at the right time as it has the potential to prevent a backlash from people, says the chief of one of India's largest farming cooperatives.
