Govt plans to ease FDI norms for housing
New Delhi:The government has proposed far reaching changes in its foreign investment policy for housing and real estate development by allowing FDI (foreign direct investment) in construction activity on any land above one acre. The earlier guideline had stipulated a minimum acquisition of 100 acres for integrated township development.
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No large-scale delisting by foreign cos: Jaswant
New Delhi:The Union Finance Minster, Mr Jaswant Singh, today categorically assured the Lok Sabha that the Government has not altered or diluted the guidelines governing foreign companies to provide 26 per cent equity to Indians. He also denied any largescale delisting by foreign companies from stock exchanges taking advantage of the present liberalisation policy.
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Telecom meet makes `some' headway
New Delhi:The telecom committee constituted by the Communications Minister, Mr Arun Shourie, to solve the contentious issues between the cellular and limited mobility operators, has decided to seek an adjournment of the cases that are coming up for hearing by the Telecom Dispute Settlement Appellate Tribunal (TDSAT) on Monday.
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US to tighten H1B visa norms
New Delhi:The US will tighten the regulations governing H1B visas and revise the ceiling for issuing such visas to ensure that only qualified information technology professionals enter the country, according to Mr James Sensenbrenner Jr., Chairman of the House of Judiciary Committee.
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GoM Meet Postponed
New Delhi:The meeting of the group of ministers (GoM) on foreign direct investment (FDI), slated for Friday afternoon to consider revision in foreign investment limits in sectors such as aviation, insurance and telecom, has been deferred.
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