Govt allows FDI in print media
New Delhi: In a historic decision, the union cabinet on Tuesday lifted the nearly 50-year-old ban on foreign investment in the print media. It allowed 26 per cent foreign direct investment in news and current affairs publications.
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Govt to hold 49% stake in ARCIL
New Delhi: The finance ministry has spelt out structure of the government-sponsored ARC. Called the Asset Reconstruction Company (India) Limited, this pilot project of the ministry would pave way for smoother functioning of the credit market in the country.
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M&A activity falls 19% in H1
New Delhi: Affected by a sluggish global environment, India, like the rest of the world, saw a decline in mergers and acquisitions during the first half of 2002, according to a report prepared by consultancy firm KPMG.
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Brand rate of drawback for exporters simplified
New Delhi: In an export friendly move, the finance ministry has announced a revised simplified scheme for fixation of brand rate of duty drawback effective 1 July 2002. The revised scheme has dispensed with the need for pre-verification of the data.
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