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Rates of exchange 31 Dec 2009

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	RUBRIC NEWS : "POWER AND LAW"

29 Dec 2009 20:56

India Raises Exports Tax on All Grades of Iron Ore : India imposed a 5 percent duty on exports of iron-ore fines and doubled the tax on overseas sales of lumps to 10 percent, to increase the supply of the material to domestic steelmakers. ...

29 Dec 2009 20:53

India's 3G Auction Likely to Be Postponed Again : India's auction of 3G spectrum and licenses to the private sector is unlikely to go ahead as originally scheduled on Jan. 14, according to sources close to the situation. The country's auction of 3G licenses has been affected by disagreements between government ministries over the minimum pricing of the licenses, and later by delays by the defense ministry in releasing ...

India to Let Some State Firms Spend More on Purchases : India increased the amount some state-run companies can spend to acquire assets and set up joint ventures, allowing them greater freedom to expand and become globally competitive. The “maharatna” companies will be able to make purchases in India and overseas for as much as 50 billion rupees ($1.1 billion) without government approval, according to a statement issued ...
24 Dec 2009 20:47

23 Dec 2009 20:42

India tightens tourist visa rules: official : India has tightened its rules for long-term tourist visas in a move that will hit thousands of foreigners living in the country or planning lengthy stays, a foreign ministry official said Wednesday. ...

Foreign Law Firms Can’t Open in India, Mumbai High Court Rules : India’s central bank shouldn’t have licensed White & Case LLP, Ashurst LLP and Chadbourne & Parke LLP to open offices, the Mumbai High Court ruled, as all lawyers in the country must ...
17 Dec 2009 20:59

10 Dec 2009 21:14

India to create new state : India announced on Thursday that it planned to create the country's 29th state, after a hunger strike by a regional leader and escalating protests from supporters. Home Minister P. Chidambaram said the government would begin work to found the separate state of Telangana, which will be carved out of Andhra Pradesh in the southeast. ...

09 Dec 2009 20:55

India Maoist conflict 'affects children's education' : The ongoing conflict between Maoists and government forces is disrupting the education of India's most marginalised children, a rights group says. In a new report Human Rights Watch has urged the rebels to stop attacking state-run schools. ...

India Seeks Lawmakers Approval to Spend an Extra $6.6 Billion : India’s finance ministry sought parliament’s approval to spend an extra 309.4 billion rupees ($6.6 billion) to cap prices of food and fertilizers. The ministry plans to spend the additional amount in the year ending March 31 to subsidize costs. Finance Minister Pranab Mukherjee already plans to raise a record 4.51 trillion rupees ...
08 Dec 2009 20:38

03 Dec 2009 21:11

India pledges to cut carbon intensity : India's Environment Minister Jairam Ramesh pledged on Thursday that India would cut its carbon intensity by 20-25 percent by 2020 from 2005 levels, in the run-up to the Copenhagen climate talks. "We will on our own cut emissions intensity by 20 to 25 percent if we get support from the international community," he told parliament ...

Indian Banks Must Find Funding for Roads, Ports, Subbarao Says : Indian banks need to find ways to fund infrastructure projects, extend financial services to more rural and poor people, manage their risk and improve efficiency, central bank Governor ...
25 Nov 2009 21:22

16 Nov 2009 20:07

India plans fingerprint IDs for billion-plus citizens : India's 1.16 billion people are each to receive their own identity number under a monumental plan designed to cut corruption and improve distribution of state benefits. The project -- modelled on social security numbers in the United States -- will compile an Internet database of the personal details, fingerprints and photograph of every Indian across the vast ...

Canada offering avenues for Indian investors : Canada is offering various options for Indian businessmen and capital investors willing to migrate there as permanent residents, an immigration consultancy said here Monday. 'Businessmen can easily migrate to Canada as permanent residents under the Canadian Federal Investor Program and Quebec Investor Program,' said B.S. Sandhu, chairman and managing director of WorldWide ...
16 Nov 2009 19:55

12 Nov 2009 20:46

India Plans to Allow Satellite-Based Cable TV Distribution : India plans to allow satellite- based cable television using Headend-in-the-sky, or HITS platform, speeding the process of digital distribution, according to a decision taken by the Cabinet in ...

India-Canada to sign civil nuclear agreement : Canadian Prime Minister Stephen Harper's aides have indicated that negotiations for a bilateral civil nuclear agreement are underway between India and Canada, and will be signed during his visit to India ...
12 Nov 2009 20:28

India Said to Seek Law to Cut Stake in State Bank : India plans to amend a law this year allowing the government to reduce its holding in State Bank of India and let the nation’s largest lender raise funds, a finance ministry official said. ...
04 Nov 2009 20:22

27 Oct 2009 20:51

India's New IT Law Increases Surveillance Powers : A new IT law has come into force in India that frees Internet portals from liability for third-party content and activity, but also gives the government powers to monitor communications on the Internet, ...

20 Oct 2009 17:45

Grounded US military plane leaves India: officials : UMBAI (AFP) – A United States airplane carrying 205 Marines left India on Monday after being grounded for more than 33 hours over an airspace clearance dispute, officials said. Indian military officials ordered the Bangkok-bound aircraft to land at Mumbai airport on Sunday, saying it did not have the permission required to fly through Indian airspace. ...

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29 Dec 2009

India Raises Exports Tax on All Grades of Iron Ore

29 Dec 2009

India's 3G Auction Likely to Be Postponed Again

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