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Print media holds its own among India’s youth

A majority of the 333-million-odd literate youth in the country are religious, support the Women’s Reservation Bill, evince little interest in politics or fashion, and are generally happy...

Govt to ‘wait & watch’ before easing norms to fly abroad

For private domestic carrier IndiGo, it may come as a bit of a dampener as the civil aviation ministry has decided to ‘wait and watch’ before relaxing norms enabling domestic carriers to...

Surge of FII interest in debt paper

The long moribund Indian debt market has sprung to life in 2010. Total investment by foreign institutional investors reached Rs 9,577 crore in just 40 days up to Monday.

DD finds no takers for global rights

In what may prove a loss of face for the government, there are no takers across 50 countries for the distribution rights of public broadcaster Doordarshan and its dozen regional...

Include mineral royalties in GST

The proposed switchover to the goods & services tax regime would be a path-breaking reform in India’s indirect tax system, characterised by a shift from the existing origin-based taxation to a destination-based one.

PM estimates port capacity addition at 40% below Eleventh Plan target

A high-level meeting chaired by Prime Minister Manmohan Singh has observed that the government will fall short of the 11th Plan target for capacity addition in major ports by...

Rupee slide to continue; RBI not likely to intervene

With the dollar gaining ground against major currencies like the euro, the rupee is expected to further weaken in the short term.

Finmin, Plan panel oppose new pipeline authority

The finance ministry and the Planning Commission have opposed the petroleum ministry’s plan to set up a new authority for developing petroleum and natural gas pipeline infrastructure in the country, as they think the existing downstream regulator, Petroleum & Natural Gas Regulatory Board, could be asked do this job also. The petroleum ministry recently moved a Cabinet note for creating a National Gas Highway Development Authority that would facilitate the development of long-distance pipelines for transporting crude, petroleum products and natural gas. At present, PNGRB sets the tariff for transporting petroleum, petroleum products and natural gas through pipelines. It has a wide mandate that also include licensing of LNG terminals as well as storage facilities for petroleum products exceeding a specified capacity.

A Tale of Two Book Fairs

Even if medical books have never been part of your pleasure reads, the stall for Jaypee Brothers Medical Publishers at the World Book Fair in New Delhi will make you pause.

Ramesh loses cool in Bt brinjal heat; Andhra too says no

Chaos, anger and some science marked the final public hearing on Bt brinjal in Bangalore on Saturday as environment minister Jairam Ramesh lost...

Markets gain in spl trading on US cues

Domestic equity indices staged a modest recovery on Saturday tracking overnight gains in the US market as unemployment data there fell to a five-month low in January...

Meeting on price rise calls for farm marketing reform

In a significant show of unity, the Centre and states came together cutting across party lines on Saturday calling for drastic changes in the agriculture marketing system in the country. The day-long chief ministers’ conference with the Prime Minister, called here to discuss the pressing issue of spiraling food prices, decided to set up a core committee of chief ministers and central ministers concerned, whose one prime responsibility will be to reduce the gap between farm gate and retail prices, long blamed for the spurt in food prices, particularly vegetables and fruits. This is an acknowledgement that an efficient marketing system with active participation of private players could help in reducing the role of middlemen and hoarders.

Early GST road map will help industry

The Indian industry has been keenly awaiting the introduction of the comprehensive goods and services tax to get relief from the burden of multiplicity of taxes.

Ranbaxy arm under US FDA scanner

The US Food and Drug Administration has rapped Ranbaxy’s US-based subsidiary, Ohm Labs Inc, for manufacturing an old ‘unapproved drug’—opium tincture—in a New York manufacturing facility.

Price rise meet agenda changed to take on states’ criticism

In a rebuff to the agriculture ministry, the Prime Minister’s Office has changed the agenda for the chief ministers’ meeting on Saturday on price rise. The meeting, to be addressed by both Prime Minister Manmohan Singh and food and agriculture minister Sharad Pawar, will now deal with the situation arising out of the price rise.

India in the fast lane, puts global car models in top gear

The growing popularity of cars in India coupled with higher disposable income of the middle and upper-middle classes has made the country the largest market for some of the cars available globally. With new models hitting the market frequently and the fact that major automakers are keen to make India their hub for small cars, the phenomenon is expected to last for a while.

No breather for Asian currencies, Re at 5-week low

Virtually every single Asian currency yielded ground to the US dollar on Friday—the fourth consecutive weekly slide—even as the rupee touched a five-week low against the greenback to close at 46.74. The Singapore dollar was among the biggest losers having given up1.3 % over the past week.

Global worries bleed D Street; Asia in red

Asian stock markets went into a tailspin on Friday, with every single market going into the red. While the Bombay Stock Exchange benchmark Sensex succumbed to intense selling pressure and hit a three-month low to close below the 16,000-level, Japanese Nikkei fell to a 2-month low. Since their highs in early January, most Asian markets have given up more than 10 %. Foreign Institutional Investors sold stocks worth Rs 1,700 crore on Friday in the Indian market, taking the total outflows in the last ten days to nearly Rs 12,000 crore.

GST, an incentive to join the organised sector!

Introduction of Goods and Services Tax and a Direct Taxes Code are expected to be path-breaking steps in India’s tax reform journey. They would be potent instruments in the move towards an economically efficient, effective and equitable tax system.

Tata Motors, vendors strike deal on Singur compensation

All the 56 vendors for Tata Motors Nano have agreed to re-locate to Sanand in Gujarat, the new mother-plant for the small car, company vice-chairman Ravi Kant has confirmed to FE.

Brown writes to PM on Vodafone tax issue

Over a year after the Supreme Court dismissed telecom major Vodafone’s petition challenging Indian tax authorities’ jurisdiction over its $11.2-billion acquisition of Hutchison Essar in 2007, UK Prime Minister Gordon Brown has written to Prime Minister Manmohan Singh warning that such tax treatment will affect India’s investment climate.

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