
Government not looking at changing FDI policy for single brand retail at the moment
The FIPB, under the finance ministry, approves FDI proposals of investors based on the policy governing the particular sector.
The FIPB, under the finance ministry, approves FDI proposals of investors based on the policy governing the particular sector.
India has made it clear to Mauritius that it will not make an exception on the application of the controversial General Anti-Avoidance Rules.
India has protested against a European Union decision to study India's data protection laws.
The Centre may set up a venture capital fund of Rs 2,000 crore to promote research and development (R&D) in the pharmaceutical sector.
Government is working on a policy to allow traders meet their exports obligations even in times of domestic shortages through imports.
US has put a spoke in India's attempts to export wheat even before the govt can get its act together on the proposal to ship 2 mn metric tonne of wheat.
States opposing foreign direct investment in multi-brand retail have the constitutional right to do so and it should be respected, Sharma said.
Labour dept is set to peg unemployment for 2011-12 at below 4%, admitting to faulty assessment of 9.4% for the previous fiscal .
"We welcome investment of $ 5 bn by Coca Cola and Euro 1.5 bn by IKEA that is coming in. It is good news and things are moving. It's not that we have lost our direction," Sharma said.
The Centre is likely to ask states to lower tax on aviation fuel as a measure to discourage cash-strapped airlines from going in for cheaper imports.
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