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FinMin not opposing new FDI norms
Shedding earlier reservations over some aspects of the controversial new FDI guidelines, the Finance Ministry now says it does not have any objection to new rules that changed the criteria for calculation of foreign ownership in a company and its downstream investment.

Amitabh transfers land in UP for college named after Aishwarya
Nearly two years after Amitabh Bachchan laid the foundation of a girls college named after his daughter-in-law and actress Aishwarya Rai in Barabanki district, legal formalities have been completed to transfer the land to the organisation building it.

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New Satyam chargesheet: Khurshid says court to decide
Amid reports that the Satyam accounting fraud could be as high as Rs 14,000 crore, nearly double of what was confessed by its founder B Ramalinga Raju, the government today remained tight-lipped and said the real amount would be brought before the court of law.
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India keen to help Lanka set up industry in war ravaged areas

India with experience in special economic zones is keen to help Sri Lanka in setting up industrial parks and investment zones at Kilinochchi and Trincomalee in the north and the east, freed from Liberation of Tamil Tigers Elem (LTTE) in May. - Sri Lanka wants to rope in RIL for oil exploration - Sri Lanka expects 7 lakh Indian tourists by 2016 - "India putting pressure on Lanka to protect rights of Tamils" - Tea shortage to widen as drought in India, Kenya hurts crops - India provides flood relief material for Tamil IDPs - US encourages Lanka to address humanitarian needs The Sri Lankan government has announced a 15-year tax holiday for investment in the north and the east, areas dominated by LTTE for over 30 years. "An Indian interest in this area is likely to be welcomed," a paper prepared by Indian High Commission in Colombo said. The paper circulated at a meeting of Indian businessmen with visiting Sri Lankan Minister of Investment Promotion Navin Dissanayake said that there might also be opportunities in Anuradhapura (North Central). The High Commission report said the Sri Lankan government intends to set up industrial parks and investment zones in Kilinochchi and Trincomalee. Addressing the meeting organised by CII here, Dissanayake said an armed conflict that engulfed his country for more than three decades was behind them. Projecting Sri Lanka as an equal partner, Dissanayake sought investment from India "not with a begging bowl, nor as a little brother appealing to the big brother for a piece of the pie, but as a friendly neighbour and an equal partner in the community of nations".


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