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No change in policy on foreign ownership in banks: Sharma
( 05-Apr-2010 )

New Delhi: Commerce and Industry Minister Anand Sharma has said the government has no plans to alter its policy on foreign ownership in banks in India. "As far as ownership and control are concerned, that has been defined with clarity and the calculation of FDI (foreign direct investment) is much s ....
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Budgetary measures will boost investment and growth: Pranab
( 02-Apr-2010 )

New Delhi: Finance Minister Pranab Mukherjee has hoped that the measures outlined in the 2010-11 budget will boost private investment and put the economy back on a 9 percent growth track. "I am optimistic that the measures I have outlined in this year's budget will revive private investment and put ....
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India buys $70m worth of LNG from Trinidad
( 02-Apr-2010 )

Port-of-Spain: Trinidad and Tobago exported US$70 m worth of liquified natural gas (LNG) to India in 2007, according to Trade and Industry Minister Mariano Browne. Browne told a T&T/India Trade seminar that this gas export contributed to a trade surplus between both countries for the first time in ....
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RBI eases overseas investment norms for telecom firms
( 01-Apr-2010 )

New Delhi: The Reserve Bank of India (RBI) allowed telecom companies to build and maintain submarine cable systems with global players on a co-ownership basis. "As a measure of further liberalisation, it has now been decided to allow Indian companies to participate in a consortium with other inter ....
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India's trade minister sees higher economic growth
( 01-Apr-2010 )

New Delhi: The Indian economy should have grown at 7.5 percent in 2009-10 and a tad faster than 7.2 percent expansion predicted officially on the back of a strong rebound in exports, Commerce Minister Anand Sharma said here Thursday. "We have had a strong recovery in exports in the past few months. ....
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