»Unlabelled » [accountants_forum] Multi-retail FDI making headway, but with riders & Procurement panel for lifting defence FDI cap

[accountants_forum] Multi-retail FDI making headway, but with riders & Procurement panel for lifting defence FDI cap

Bookmark and Share
 

Dear All,
Find text on the above mentioned topics.
 
 
Secys' panel meets this week, amid differences; BJP seniors may be invited. The committee of secretaries (CoS) looking into the issue of allowing foreign direct investment (FDI) in the multi-brand retail segment is likely to meet this Friday to try for more agreement on the issue. The government seems to be contemplating 51 per cent FDI in the segment but is planning to introduce several riders with it. The panel, headed by cabinet secretary Ajit Kumar Seth, would also look at finalising these.

The committee on public procurement has criticised defence sector PSUs and ordnance factories for their role in inefficient defence purchases that leads to high costs and outdated technologies. The committee also advocated lifting the 26 per cent cap on foreign direct investment (FDI) in private companies meeting the requirements of the defence sector because it acts as a barrier to set up hi-tech production. The panel's observations were, however, strongly opposed by the defence ministry.


 


--
=======================================================================================
CA Saiprasad P. Bagrecha 
Address :- F-7, 2nd Floor,Butte Patil Pride,Near Shivaji Statue,Chandannagar,Pune -14
Ph:020-2701 9233 Fax : 020- 2701 9233 Mob:- +91- 98235 26824 / + 91-82750 32822
 

"It's best to have failure happen early in life. It wakes up the Phoenix bird in you so you rise from the ashes."
 
http://www.hits4pay.com/members/index.cgi?SaiprasadBagrecha
=======================================================================================

__._,_.___
Recent Activity:
.

__,_._,___
di 02.07 - -