-The Indian Express For the past year, land issues have been a spark for anger and political confrontation all over the country, and the Supreme Court’s recent intervention in Greater Noida land acquisition has underlined the urgency of discovering a political solution. Meanwhile, the Reserve Bank of India said at the beginning of this year that investment would slide unless land issues were sorted out. And, sure enough, FDI numbers have...
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POSCO plant to be built in three phases
-PTI NEW DELHI: South Korean steel major POSCO will build the $ 12 billion plant in Orissa in three phases and hopes to start work on four million tonne (MT) first phase soon after the land is transferred to it. "We will build the 12 million tonne per annum (MTPA) steel plant in Orissa in three phases. The first phase will be of 4 MTPA and we hope to begin...
More »FDI in retail likely within weeks
-The Times of India After years of debate, foreign direct investment in retail may soon be a reality with a panel of secretaries expected to approve the framework for allowing global retail chains to set up shop in India later this month. Government sources said the proposal has gained momentum, with both Prime Minister Manmohan Singh and finance minister Pranab Mukherjee backing it, and chances are that the Cabinet could clear...
More »Land acquisition, FDI in retail, insurance top PM's reform agenda
-The Times of India Prime Minister Manmohan Singh on Wednesday flagged amendments to land acquisition law, allowing more foreign investment in retail trading and insurance and introduction of good and services tax (GST) as the key reforms agenda of the government. "I think the first thing is to sustain the momentum of growth that we have built," PM said during a meeting with a group of editors. But a key...
More »Consensus route to retail FDI
-The Telegraph India is trying to build a consensus on liberalising foreign direct investment (FDI) in retail and defence, finance minister Pranab Mukherjee today told a gathering of business leaders and policy makers in Washington. “Discussions are under way to build a consensus on further liberalisation of the FDI policy in retail and defence,” Mukherjee said. Differences exist within the Indian government on the appropriate policies for foreign direct investments in the...
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