The Indian government Friday approved the results of the auction of spectrum for third generation (3G) telecom services and asked the winning firms to make payments by May 31.
Companies which have not been filing statutory documents with the Registrar of Companies (ROC) in time will be spared from legal action if they file the necessary documents under an amnesty scheme, the corporate affairs ministry said Friday.
Indian plastic exporters are seeking government support as the sector, which comprises largely small and medium enterprises (SMEs), has been facing numerous challenges including the Eurozone crisis, volatility of rupee, poor infrastructure and lengthy documentation process at lower levels, which are hurting particularly the small firms.
India has completed 52 rounds of an auction to award radio frequency spectrum for third generation telecom services in the country, with the government expected to get Rs.25,769.82 crore as minimum revenue from the bidding.
The Indian government will Tuesday launch an initiative to support innovative business ideas from people by helping them to connect with mentors and investors.
The Apparel Export Promotion Council (AEPC) has said the government's decision to suspend sops for export of raw cotton and cotton yarn will have a sobering impact on booming fabric prices.
Opining that it is the right time for the government to take the right kind of measures that will help textile industry to witness a 5 per cent positive growth in exports in the current financial year as compared to the corresponding year, said the Confederation of Indian Textile Industries (CITI) General Secretary D K Nair.
Information and Broadcasting Minister Ambika Soni Monday said the United Progressive Alliance government has done well during the times of financial meltdown and drought, and the country is expecting good economic growth.
The government has initiated different measures to ensure adequate domestic availability of yarn and raw cotton, Minister of State for Textiles, Panabaaka Lakshmi said on Wednesday in a written reply in the Rajya Sabha.
Keeping in view the impact of global economic slowdown on micro, small and medium enterprises (MSMEs) the Government has taken several measures to protect them, said Minister of State (Independent Charge) for MSMEs, Dinsha Patel in a written reply to a question in the Lok Sabha on Tuesday.
The government is looking at ways to simplify procedures and reduce transaction costs for the country's exporters and a task force will submit its report on the issue by June-end, Minister of State for Commerce and Industry Jyotiraditya Scindia said in New Delhi on Tuesday.
The government is planning to allot a huge fund to the micro, small and medium enterprise (MSME) sector for technology acquisition, said Secretary, Ministry of MSME, Dinesh Rai on Wednesday.
Commerce and Industry Minister, Anand Sharma on Tuesday said that the government will take a considered view on further export support measures and that the Directorate General of Foreign Trade (DGFT) carrying out a sectoral review on exports.
A discount of Rs 6.63 a litre and diesel at a deficit of Rs 6.25 per litre, is likely to be waved off after the current Parliament session, an Oil Ministry official said in New Delhi on Monday.
The US government moved one step closer Monday to selling its 27-percent stake in bailed-out financial giant Citigroup, saying it would soon offer 1.5 billion shares to private buyers.
The UPA government has mustered up adequate strength for passing Finance Bill 2010-11 in Lok Sabha even if opposition parties make a determined bid to throttle it and the Bill will be passed without any hitch, says Union Minister for Law and Justice, M. Veerappa Moily.
