India should move toward capital account convertibility on a calibrated basis according to domestic and global factors.

Cos may be asked to create a separate fund for gratuity payments so that savings are not wiped out.

Potential areas of conflict include insider trading, independent directors and delisting of publicly-traded companies.

The labour ministry has said that equity investments would only be possible after the finance ministry fills in some information gaps.

The annual survey of industries is undergoing an overhaul as part of attempts to make information available without the current 18-month lag to make it relevant for policy makers and analysts.

The government is likely to allow duty-free export of 55 lakh bales (one bale equals to 170 kgs) of cotton in the 2010-11 season starting next month.

Reinvested earnings should be considered FDI: Dipp To Finance Ministry.

Food and fuel inflation shot up in the week ended August 13, belying the expectation that prices will soften gradually following a good monsoon.

Foreign exchange reserves rose by $293 million during the week ended August 27, largely on account of revaluation of non-dollar assets in reserves.

India's tax collections could beat budget estimates of Rs 7,46,000 crore in the fiscal year to end-March 2011, Revenue Secretary Sunil Mitra said on Friday.

Foreign exchange reserves rose to $282.842 billion as on August 27, from $282.549 billion in the previous week, the central bank said in its weekly statistical supplement on Friday.

Food and fuel inflation accelerated in the third week of August, maintaining pressure on the RBI to tighten monetary policy.

India is looking at distant South America where countries have been able to ramp up food production with new technology and farming methods

Growth in India's service sector slowed for a second month in August after hitting a two-year peak in June, but businesses were more optimistic about the outlook, a survey showed on Friday.

Food price index rose 10.86 percent and the fuel price index climbed 12.71 percent in the year to Aug. 21, government data released on Friday showed.

India should move toward capital account convertibility on a calibrated basis according to domestic and global factors.

The labour ministry has said that equity investments would only be possible after the finance ministry fills in some information gaps.

India has initiated a probe into alleged dumping of soda ash by countries like China, Iran and Pakistan to protect domestic players.

India's first robot-assisted multi-level car parks that can collectively accommodate over 1,100 vehicles will come up at two private commercial building projects in Mumbai.

India is looking at distant South America where countries have been able to ramp up food production with new technology and farming methods

Pakistans High Commissioner to the UK, Wajid Hasan, today criticised International Cricket Council (ICC) Chief Executive Haroon Lorgat and President Sharad Pawar, saying he sensed a conspiracy behind the suspension of three Pakistani cricket players facing allegations of spot-fixing.

The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.

While the tax burden for an average taxpayer will lighten marginally, for tax evaders the Direct Taxes Code (DTC) proposes to reduce penalties substantially. The DTC Bill, tabled in Parliament on Monday, proposes that anyone under-reporting their tax base would have to pay a maximum penalty of two times the tax sought to be evaded.

The Supreme Court today decided to review its 1996 judgement in the Bhopal gas case, following which a local court had imposed a two-year jail sentence on Keshub Mahindra and six others who were executives of Union Carbide at the time of the tragedy. The apex court has issued notices to the accused and informed the attorney-general.

The Supreme Court on Tuesday clarified that it was an order, not a suggestion, to the government to distribute free of cost foodgrain rotting in godowns. Tell your minister that distribution of rotting foodgrain was a part of our order and not just an observation, a two-judge bench of Justices Dalveer Bhandari and Deepak Verma told Additional Solicitor-General Mohan Parasaran, who represented the agriculture ministry.

Led by strong manufacturing and services growth, the economy expanded 8.8 per cent in the quarter ended June the fastest pace in nine quarters. Though the performance of the agriculture sector was subdued during the quarter, both the government and economists expect it to pick up in the coming quarters as kharif sowing has been healthy after good monsoons.

Levies up for women taxpayers, investors in Ulips and SEZ developers.

This is the first of a four-part special series on the countrys critical, yet significantly delayed, submarine development programme.

NPPAs price analysis findings could result in a mechanism to check the cost of medicines.

Forget the traffic snarls or the crowded local trains. Mumbaikars staying at Borivali could take the waterway and reach Nariman Point in 45 minutes flat while enjoying the Arabian Sea breeze.

There is a fresh ray of hope for the new airport at Panvel in Navi Mumbai, with the environment and civil aviation ministries attempting to bridge their differences over the project.

As key world capitals scrutinise the Nuclear Liability Bill, passed by the Lok Sabha on Wednesday, for word on how the new legislation would affect potential civil nuclear agreements with India, a senior Union minister has said that private suppliers could still sign agreements with the Nuclear Power Corporation of India (NPCIL) clearly stating that their responsibility ended with the handover of equipment and other material to the operator.

Bill is scheduled to be tabled in Parliament on Monday.

The UPA government today successfully shepherded the Civil Liability for Nuclear Damage Bill, 2010, through the Lok Sabha, with active support from the BJP and strategic absence of some fence-sitters such as the Samajwadi Party.

In a setback to its plans, metals and mining major Vedanta Resources today failed to get environmental clearance for its $1.7-billion (Rs 7,820-crore) bauxite mining project in the Niyamgiri hills of Orissa.The ministry of Environment and Forests rejected Stage-II forest clearance for the project in Lanjigarh, Kalahandi and Rayagada districts.

India Inc today expressed deep reservations over the supplier liability provision the contentious Clause 17(b) in the Civil Liability for Nuclear Damages Bill, 2010, saying it would seriously hinder nuclear commerce.

But fiscal constraints limit Sharmas largesse to Rs 1,000 crore.

Even as political acrimony over the Nuclear Liability Bill rages in and outside Parliament, Indias old-time friend Russia has clearly told the Indian establishment that it will not accept any liability for the supply of equipment and other material to help India build its nuclear power plants, either in the present or future.

The ministry of environment and forests, headed by Jairam Ramesh, has put on hold till December 16 environmental clearance for industrial projects across various sectors in the coastal Ratnagiri and Sindhudurg districts of Maharashtra. In view of the moratorium, which was put in place on August 16, projects in the fields of power, mining, chemical and petrochemicals, fertiliser, steel, processing, oil and gas transportation pipeline and 11 other sectors will have to wait till December 16 for the clearance.

Julian Assange, founder of the WikiLeaks website that published thousands of secret US military reports from Afghanistan, described the criminal charges brought against him in Sweden as deeply disturbing.