The Supreme Court is pulling up Central Government on allowing foreign direct investment (FDI) in multi-brand retail. The apex court while hearing a PIL against FDI in multi-brand retail asked the government to explain its views on the impact of the policy on ...
The government has offered a time-bound probe under a retired judge on the issue of Walmart lobbying allegations. The government's assurance comes after the opposition demanded that the Joint Parliamentary Committee look into the matter. The decision to permit...
US retail-giant Walmart has responded to the graft charges being levelled against it by Opposition leaders in India. Walmart has clarified that the disclosure report, which has been discussed before the US Senate, has nothing to do with political contacts or I...
Parliament continues to remain in a deadlock in spite of the government's assurances of fair probe into allegations of Walmart lobbying. The government's assurance comes after the opposition demanded that the Joint Parliamentary Committee look into the matter....
Giving in to the opposition's demand for a probe and debate on the Walmart row, the government has now changed its pitch, claiming that it wants to clear the air on the matter. Union Parliamentary Affairs Minister Kamal Nath made a statement in the House claim...
US State Department spokesperson, Victoria Nuland, clarifies that there has been no violation of any law by Walmart in the United States. She then goes on to downplay the Walmart report and its implications in the Indian perspective. The US-based retail giant ...
After an unrelenting Opposition uproar in Parliament, the government conceded to mull over the possibility of a probe into the allegations surrounding Walmart's lobbying. Union Parliamentary Affairs Minister Kamal Nath made a statement in the House claiming th...
Both Houses of Parliament witnessed a furore today, as another day in the Winter Session was washed out by the Walmart crisis. The BJP cornered the government, holding proceedings to ransom, demanding an immediate response on the Walmart issue. The US-based re...
Senior opposition leader Venkaiah Naidu rakes up the Walmart issue in Parliament, demanding that the government provide an immediate response on the issue. Speaker of the Rajya Sabha, and honourable Vice President of India, Hamid Ansari was forced to adjourn p...
The Walmart lobbying issue raised a storm in both Houses of Parliament. For the second consecutive day, the BJP-led opposition members kicked up a row. The BJP gave a notice to the Speaker for the suspension of the Question Hour. The Rajya Sabha Chairman has n...
The BJP is now demanding a time-bound judicial probe into the Walmart controversy. Caving in under the immense pressure of the opposition in Parliament, the government agreed to a probe and debate on the issue. The opposition, which lost the vote on FDI in mul...
After chaos in the Parliament, the Government finally agrees to a debate and probe into the Walmart allegations. The opposition has claimed that the UPA bought votes to push the FDI Bill. The US-based retail giant clarified its expenditure of 25 million dollar...
Union Minister for Law, Kamal Nath, claims that the government is open to a probe on the matter of the Walmart report. He assures that the government is taking all the necessary steps to ensure the absence of lobbying in India. The BJP and the Left have demand...
Left leader Sitaram Yechury voices the concerns shared by the BJP-led opposition and calls for a structured debate on the issues of lobbying, which were raked up by a report submitted by Walmart before the US Senate. Despite the US State Department spokesperso...
Opposition leader Yashwant Sinha leads the uproar in Parliament over the Walmart row, demanding an immediate response from the government on the issue. The US-based retail giant issued a statement and spoke before the US senate clarifying its report stating an...
Speaker of the Rajya Sabha, and honourable Vice President of India, Hamid Ansari is forced to adjourn proceedings in the Rajya Sabha after the Left parties and the BJP-led opposition demand the suspension of the Question Hour. The BJP-led opposition has empha...
Responding to a question on the BJP-led opposition's prime accusations, US State Department spokesperson, Victoria Nuland, clarifies that there has been no violation of any law by Walmart in the United States. She then goes on to downplay the Walmart report an...
The Congress-led UPA government hits back at the BJP for threatening to stall Parliament proceedings over the Walmart report. The Congress challenges the BJP to prove its allegations before causing a furore in Parliament. The United States has downplayed the i...
The BJP seeks ans independent probe into the Walmart disclosure report that spoke of lobbying in India's political circles. Although the US has downplayed the Walmart report, the BJP-led opposition is still pushing for a time-bound judicial probe on the matter...
The opposition is all geared up to stall parliament proceedings over Walmart's 'lobbying' report. Taking yesterday's outrage forward, the BJP has given notices for the suspension of the Question Hour in both Houses. The BJP has also demanded an independent pro...
The BJP-led opposition has emphasized that it will step up the pressure on the UPA for a clarification on the issue of Walmart. The US-based retail giant issued a statement and spoke before the US senate clarifying its report stating an expenditure of 25 milli...
The US has responded to questions raised by the BJP-led opposition in India over the money spent by Walmart to lobby before the US Senate. State Department spokesperson, Victoria Nuland, clarified that there has been no violation of any law in the United State...
The opposition, which lost the vote on FDI in multi-brand retail, has now claimed that the government bought votes to push through the Bill. The allegations were made after Walmart was accused of spending crores in lobbying with US Senators.
A series of disclosure reports by global retail giant Walmart before the US Senate that it has spent $25 million since 2008 for lobbying in India to facilitate its entry into the open market have caused a stir in Parliament. The Opposition has accused the gove...
There will be a debate on allowing FDI in retail in the Lok Sabha starting around 2 PM today, followed by a vote tomorrow. While the Government is confident about the outcome of the vote, with the SP, BSP, and the DMK throwing their weight behind the Bill, the...
The FDI in retail issue is going to singe the UPA government. US MNC Walmart is being investigated by the enforcement directorate for alleged violations. At the same time, the US MNC itself is investigating alleged bribery of government officials when Walmart ...
Did US company Walmart pay bribe to government officials to set up its business in India? Walmart itself claimed it was investigating these claims. This allegation has only increased the troubles of Prime Minister Manmohan Singh and Rahul Gandhi who had been p...
FDI in retail could see a logjam in Parliament. The winter session of Parliament may be a washout over the UPA and Opposition getting ready to bang heads over the FDI in retail bill that could be tabled in the Parliament. The UPA has been trying to hard sell F...
DMK continues to be evasive on its decision over extending support to FDI in retail proposed by the UPA government. DMK chief M Karunanidhi says that small and medium retail traders in Tamil Nadu are apprehensive that FDI will affect them adversely and so a de...
Congress General Secretary Rahul Gandhi sounded the poll bugle at a massive rally in Himachal Pradesh. The Congress scion batted for the UPA government's Foreign Direct Investment in multi-brand retail. Rahul Gandhi assured farmers that the FDI in retail, woul...
Finance Minister P Chidambaram announces the clearance of Foreign Direct Investment (FDI) in insurance and pension. He also announces various plan proposed by the cabinet.
The Union Cabinet has raised the cap on Foreign Direct Investment (FDI) in insurance from 26 percent to 49 percent. It has also opened up investment in the pension sector by allowing 26 percent FDI. But the reactions to these reforms have not been all that enc...
The Congress led UPA government continues to be on the reform mode. The Union Cabinet reportedly has raised the cap on Foreign Direct Investment (FDI) in insurance from 26 percent to 49 percent. It has also opened up investment in the pension sector by allowin...
The Finance Minister P Chidambaram has made it clear that there's no going back on reforms. In an interview to BBC, Chidambaram made it clear that India will continue on the growth path that will ensure a nine per cent growth rate at minimum. The government is...
The government is preparing for another round of reforms and the Cabinet is meeting to discuss the possibility of FDI in insurance and pension sector, amongst other things. The government's proposal is to increase FDI in the insurance sector from 26 per cent t...
The government is likely to approve its next big set of reforms today. The Cabinet is scheduled to give a green signal to the proposal which hikes the cap on FDI in the insurance sector. Foreign Direct Investments in insurance could go up from 26 per cent to 4...
Mamata Banerjee is West Bengal's tigress, and her defiance of the UPA has entered the history books. These were some of the epithets used by JD(U) president Sharad Yadav to describe Mamata Banerjee and her protest rally in Delhi's jantar Mantar against the UPA...
The market is upbeat after the slew of policy action, and the Chairman and CEO of Edelweiss Group talks to Nikunj Dalmia on the reason behind this optimism. He explains what it will take for India to make progress and beat inflation, how long term investors sh...
The Bharatiya Janata Party (BJP) held protests and demonstrations across the country to oppose the government's decision on Foreign Direct Investment (FDI) in the retail sector. But surprisingly, it was the BJP who laid the foundation of FDI in retail ten year...
India's new FDI policy is debated by Kishore Biyani, Bijou Kurien, Thomas Varghese and BS Nagesh. The discussion covers whether the economic policy is a smart and adequate move, if the current investment is too large, the challenges arising out of many states ...
After Mamata Banerjee parted ways with the Congress, all eyes are on Nitish Kumar and Mulayam Singh. Nitish Kumar seems willing to extend his support to whoever grants special status to Bihar. If the Congress gets the support of 40 MPs from Samajwadi Party and...
Newshour | The government has been cornered by its own allies and the Opposition over the issue of Foreign Direct Investment (FDI) in retail. Yet it has shown no hesitation nor any plan to go back on the reforms even as the deadline set by West Bengal Chief Mi...
Zero Hour | Stern opposition meets the government's decision to allow 51% FDI in multi-brand retail. While several cry foul and say that hundreds of traders and small scale businesses would be affected, many are pro-FDI. Catch both sides of the debate on this ...
The Cabinet Committee on Economic Affair's (CCEA) decision to clear Foreign Direct Investment (FDI) in Aviation, which allows foreign carriers to invest in domestic airlines, has been welcomed by the cash-strapped Air India. Union Minister of Civil Aviation Aj...
Government's decision to clear the much-awaited Foreign Direct Investment (FDI) in multi-brand retail and Aviation has not gone well with the Opposition and certain UPA allies like the TMC who have termed this move as 'anti-people'. But Prime Minister Manmohan...
Newshour | The Cabinet Committee on Economic Affairs (CCEA) has taken a bold decision by clearing the Foreign Direct Investment (FDI) in multi-brand retail and Aviation and thereby making sincere attempts to end the policy paralysis. Even the hike in diesel pr...
Prime Minister Manmohan Sigh has requested the people to support the slew of decisions taken by the government on Foreign Direct Investment (FDI) as it these are taken for the national interests. Prime Minister has said that these decisions will improve the in...
News Night | Cabinet Committee on Economic Affairs (CCEA) has cleared the much-awaited Foreign Direct Investment (FDI) in multi-brand retail and Aviation, shaking off India's policy paralysis. This move has kicked off a political storm with TMC setting a 72-ho...
News Night | The government's decision to clear the much-awaited Foreign Direct Investment (FDI) in multi-brand retail and Aviation has kicked off a massive political storm. The TMC has given an ultimatum to rollback the decision. Prime Minister Manmohan Singh...
The government is doing everything possible to ensure investment in the country as it has cleared 51% Foreign Direct Investment (FDI) in multi-brand retail and Aviation despite opposition from its allies. The decision is taken by the Cabinet Committee on Econo...
Cabinet Committee on Economic Affairs (CCEA) has cleared the much-awaited Foreign Direct Investment (FDI) in multi-brand retail. This would mean that companies like the Tesco and Walmart will now be able to open their stores in India.
Although Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee has attended the UPA coordination committee meet, she has not budged from her stand on the Foreign Direct Investment (FDI). But she has expressed her willingness to hold further d...
Although Trinamool Congress supremo and West Bengal Chief Minister Mamata Banerjee has attended the coordination committee meet, she has not budged from her stand on the Foreign Direct Investment (FDI). But she has expressed her willingness to hold further dis...
Dismissing the statement of US President Barack Obama that India does not have an investment friendly climate, Prime Minister Manmohan Singh says that India is the recipient of maximum Foreign Direct Investment (FDI) in the region. He also has cited the the Un...
Dismissing the statement of US President Barack Obama that India does not have an investment friendly climate, Prime Minister Manmohan Singh says that India is the recipient of maximum Foreign Direct Investment (FDI) in the region. He also has cited the the Un...
The government is likely initiate the process to allow foreign carriers to pick up to 49% stake in Indian airlines, says civil aviation minister Ajit Singh.
Aviation sector regulator, DGCA, is not satisfied with Vijay Mallya's financial plan for Kingfisher Airlines and has ordered the airlines to pay its employees by the end of this month.
Shankar Sharma, Global Trading Strategist at First Global forecasts, a good year for the Indian markets in 2012; he says there is no fundamental weakness in rupee and it will strengthen soon.
Aviation Minister Ajit Singh, in an exclusive interview to ET Now, says FDI in aviation is vital for the Indian aviation sector to grow. There will be spirited discussion in the GoM on the issue of ATF imports, he says.
Stuck in a crossfire of global economic crisis and corruption conundrum, the who's who of India Inc put together priority list to help push for change.
Indian stock markets have seen a lot of red lately, but the burning question is whether the markets have hit nadir or are still on a downward spiral. Rakesh Jhunjhunwala and others elaborate on the issue.