Centre’s bill on hold, states move on land acquisition

With the Centre putting its land acquisition Bill in cold storage, states are now taking the lead to seek an exemption from the 2013 Act passed by the previous UPA government to get around provisions such as land owners’ consent and social impact assessment. While Tamil Nadu has moved ahead by amending a related Act, a senior official said other ... Read More »

Draft aviation policy: No clarity yet on AirAsia, Vistara overseas flights

In an indication the government may continue with the 5/20 rule for airlines, the draft civil aviation policy on Friday put forth three options: Retaining it, withdrawing it altogether or withdrawing it with a caveat. The 5/20 rule requires an Indian airline to have a minimum fleet size of 20 aircraft and operational experience of five years before it can ... Read More »

Mauritius’ pitch has Africa sop

Mauritius has made a strong case for Indian businesses to set up manufacturing or investment companies in the island nation to get easier access to at least 21 African nations with the same or better tax and fiscal advantages that Mauritius-incorporated firms now enjoy when investing in India. This even as the nation off the southeast coast of the African ... Read More »

WEF survey: Narendra Modi is 10th most admired across the world, but a reforms flop may reverse that

There may not be much to show on the ground in terms of improvement in the growth and investment scenario due to the NDA government’s policies since it has taken over in May 2014, but it is also a fact that faith on Prime Minister Narendra Modi, both domestically and globally, that he has the potential to deliver, somehow, is ... Read More »

GST key reform for creating single market in India: World Bank

The proposed GST law is the most important reform towards creating a single market in India and if it is implemented by April 2016 then its impact will be visible by 2018, the World Bank said today. “The GST (Goods and Services Tax) is the single most important tax reform because it is so important for creating one market in ... Read More »

PM Narendra Modi, Mahatma Gandhi among most admired globally: WEF survey

Prime Minister Narendra Modi is the 10th most admired personality globally, as per a new survey by the World Economic Forum (WEF) that has ranked late South African President Nelson Mandela on the top. Mahatma Gandhi is ranked fourth most admired leader, according to a survey of more than 1,000 millennials. The respondents were spread across 285 cities in 125 ... Read More »

Two CCI members order fine on JP Associates; Chairman, others overrule

Raising serious concerns over unfair business practices in realty sector, two members of Competition Commission have ordered Rs 666 crore fine on JP Associates, but were overruled by the Chairman and other members of the regulatory body. The proposed penalty was overruled by 3:2 majority vote by the Competition Commission of India (CCI), even as all the members pressed for ... Read More »

Timeline of China’s steps to stabilise markets, boost economy, promote reforms

China has taken unprecedented steps to stabilise its stock markets after a rout in June and has also intervened to support the yuan in the face of bearish pressure. Following is the timeline of Beijing’s market-stabilising and economy-boosting measures, reforms and statements. ** Oct 23 – The People’s Bank of China (PBOC) cut interest rates and banks’ reserve requirement ratios ... Read More »

Govt spending on infrastructure projects picking up at a modest pace

Spends by the government and the country’s public sector corporations on infrastructure projects have risen by a modest 21% in the six months to September with contracts worth Rs 1,65,400 crore awarded. However, tenders were floated for Rs 2,68,000 crore, a jump of 50.5% over the corresponding period in the previous year and so it is possible more projects will ... Read More »

New for old plan to boost power supply

State governments that will have to take over the bulk of their poorly managed state electricity boards’ (SEBs) loans under a revised financial restructuring scheme will be allowed to shift coal linkages from their older, less efficient sub-critical power plants to their supercritical units. On average, this could lead to a 25% saving on the variable cost and enable the ... Read More »