In order to bring more clarity on the issue, the Corporate Affairs Ministry is expected to submit its comments on control definition in the context of foreign direct investment (FDI) deals.
Author: admin (Infratructure Today)
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FDI relaxation in multi-branded retail
The Union government approved the relaxation of the foreign direct investment (FDI) policy on multi-brand retail trading (MBRT), by easing main contentious riders on such money.
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New definition of control
The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal of the Department of Industrial Policy & Promotion for amendment to the existing definition of "control" under the FDI policy.
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WB govt to rope in pvt sector
West Bengal government plans to build and improve 4,000 km of highways on public-private partnerships (PPP) mode, the state's Industrial and Investment Policy, 2013 shows
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Changes made to draft guidelines for major ports
Some key changes were made in the draft guidelines on free pricing for services in major ports following the change of secretary in the union shipping ministry.
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CCEA to decide on clearing bidding norms for UMPPs
The cabinet committee on economic affairs (CCEA) would soon decide on clearing the standard bidding documents for new ultra mega power projects (UMPPs) in order to expedite the implementation of such projects.
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Steering Group finalises deadline
A meeting of the Steering Group appointed by the Prime Minister to accelerate infrastructure investment in its first meeting has finalised deadlines with time lines for the intermediate steps for key infrastructure projects.
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Orissa to bring in solar policy
To promote solar power production in Orissa, the state government has decided to formulate a solar policy soon. The policy will help streamline production, utilisation and management of solar energy in the state
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No mine leases within 10 km of protected zones in Goa
Pertaining to iron ore mines in Goa, the Expert Appraisal Committee (EAC) will not clear the environment clearances (ECs) of mining leases lying within 10 km of protected areas until the Union Ministry of Environment and Forest (MoEF) decides on buffer zones or
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Jindal power to expand
Jindal Power (JPL), the energy wing of Jindal Steel & Power which owns and operates a 1,000 MW (4x250) thermal power station in Tamnar, Chhattisgarh, is taking up an expansion project at an estimated cost of Rs 13,500 crore.