| Business Standard: Economy & Policy News |
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Operators to pay more for 2G: New Trai formula plans to replace subscriber-based allocation for spectrum.
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Analjit Singh in talks with foreign varsities to set up medical college: Max India founder and chairman Analjit Singh is in talks with four foreign universities to set up a medical college in the country.
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Govt mulls 100% FDI in defence: The government is considering a proposal to allow 100 per cent foreign direct investment (FDI) into the countrys defence sector, despite stiff opposition from the defence ministry that has raised security concerns.
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UPA defeats cut motions: The United Progressive Alliance (UPA) today defeated more than 20 opposition-sponsored cut motions in the Lok Sabha with a huge margin and, in the process, cleared the first stage in getting the House to approve the 2010-11 General Budget.
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Govt extends emission norms deadline for two-wheelers: The government extended the deadline for implementing cleaner emission norms for two-wheelers across the country, a move that has come as a big relief for auto manufacturers, especially the countrys largest two-wheeler maker, Hero Honda.
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Australia's 'super tax' spoils Indian miners' party: Australia's plan to impose a 40 per cent 'super tax' on the profits of mining companies has sent Indian miners scouting for acquisitions into a tizzy.
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Al-Fayed sells Harrods for pound 1.5 bn: Harrods, the iconic London store, has been sold by Mohammed Al-Fayed to Qatars royal family for pound 1.5 billion. Al-Fayed, 77, had bought Harrods in 1985 for pound 615 million. According to media reports here, he will go into retirement once the sale is completed.
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44 deemed varsities can admit students, says SC: The Supreme Court today allowed 44 deemed universities spread across the country to admit students for the academic year beginning July 2010. The court rejected a plea by the Union Human Resource Development (HRD) Ministry, which had sought an injunction on fresh admissions to these institutes.
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New FDI norms for 'Indian' firms likely: FIPB may be asked to vet downstream projects.
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Kasab gets death for 26/11: A special court in Mumbai today sentenced to death Pakistani national Mohammad Ajmal Kasab for the November 26, 2008, terror attacks on the city.
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Cloning God: Tirumala temple to get replicas: The Tirumala Tirupati Devasthanam (TTD), which manages the Lord Venkateswara Temple at Tirumala in Andhra Pradesh, plans to set up four replicas of the temple across the country.
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Business shines under the shadow of the gun in Jharkhand: Mandarins in the home ministry may be having sleepless nights as violence brews in the Naxal-infested state of Jharkhand, but it is a different story for business here.
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Govt revives talks on workers in boards: The United Progressive Alliance (UPA) government has initiated a move to revive a 20-year-old controversial bill which seeks to give representation to workers on company boards.
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Company law forum hits SC wall: The creation of a National Company Law Tribunal may be further delayed, as a five-judge Constitution bench of the Supreme Court today held several provisions of the Company Law Amendment Act of 2002 as unconstitutional.
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New 2G norms to make Govt richer by rs 11,200 cr: Operators Bharat Sanchar Nigam Ltd, Bharti Airtel, Vodafone-Essar, Aircel, Mahanagar Telephone Nigam Ltd and Idea Cellular might have to fork out over Rs 11,200 crore for having spectrum beyond 6.2 MHz, if the government accepts the Telecom Regulatory Authority of India (Trai) recommendations.
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House approves Finance Bill: Finance Minister Pranab Mukherjee today announced several tax exemptions and sops before putting the Finance Bill, 2010, to vote in the Lok Sabha.
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Green tribunal in two months likely: The government is expected to set up the National Green Tribunal, the first judicial body to deal exclusively with environmental laws, over the next two months or so. The Chief Justice of India will help select its chairman. Lok Sabha passed the National Green Tribunal Bill on Friday. It is expected to be approved by Rajya Sabha on Monday.
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Inflation clouds gather over Indian economy: What steel czar Lakshmi Niwas Mittal told the Financial Times on Friday served to underline the rising inflation fears of countries such as India in the financial year ahead.
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Government mulls sugar decontrol: Industry divided on ending last bastion of licence-permit Raj.
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Ajmal Kasab convicted in 26/11 attacks: A Mumbai court today found 22-year-old Pakistani national, Mohammad Ajmal Kasab, guilty of mass murder and waging war against India, while acquitting two other accused, Fahim Ansari and Sabahuddin Ahmed for want of evidence, in the November 26, 2008 attacks on the city.
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