Other Briefings
DIPP to Weigh FDI in Railways Next Week
India’s Department of Industrial Policy & Promotion (DIPP) announced today that it will fast-track a decision on foreign direct investment (FDI) in railways next week, in a push intended to expedite a decision on the matter before general elections are announced.
India Kicks off 2G Telecom Auction
Mobile phone companies began placing bids yesterday for second generation (2G) telecommunications licenses exactly two years after the Supreme Court abruptly cancelled scores of telecom licenses in a landmark ruling. Telecom companies will also now begin paying 5 percent of their revenue as an annual fee rather than a 3 to 8 percent fee range.
FAA Downgrades India’s Aviation Safety Rating
After the US Federal Aviation Administration (FAA) downgraded India’s aviation safety rating to Category II last Friday, India’s Civil Aviation Ministry announced it would take rapid steps to restore its Category I status.
India Proposes New National Offshore Wind Energy Agency
The Ministry of New and Renewable Energy (MNRE) announced plans this month to establish a National Offshore Wind Energy Agency, which will be tasked with exploring and promoting India’s vast potential for offshore wind energy production.
Unusual Answers for India’s FDI Pharma Policy
The Indian government has faced increasing pressure from opposing lobbies to provide clarity on issues affecting FDI in the pharma industry. The solution might lie in some unlikely places, like the public sector or public distribution mechanism.
India Signs MoU to Boost Efficiency for Exporters in India
Jan. 10 – The Director General of Foreign Trade and the Enforcement Directorate signed a memorandum of understanding this week to allow for the sharing of foreign exchange realization data between exporters and relevant governmental departments in India. The new MoU will make mandatory the sharing of foreign exchange realization data through the e-BRC (Electronic […]
India to Strengthen Maritime Freight Capacity
Jan. 2 – India’s Ministry of Shipping announced the approval this week of five major port development projects aimed at strengthening the country’s maritime freight capacity. The projects will be developed under the public-private partnership model, and have been endorsed by the Public Private Partnership Approval Committee, whose members include the Secretary of Economic Affairs, […]
PM Singh Highlights Growth Potential in India’s Telecom Sector
Dec. 6 – Prime Minister Manmohan Singh highlighted the telecom industry’s potential for continued growth this week during a speech at India Telecom 2013, a trade show and conference sponsored by the Department of Telecom and the Federation of Indian Chambers of Commerce & Industry. During his speech, PM Singh praised the benefits of India’s […]
