74 coal blocks to go under e-hammer in Feb - Animesh Singh, Pioneer
The much-awaited e-auction of 74 coal blocks, 42 of which are currently producing coal and the remaining 32 are on the verge of production, will take place on February 11, 2015, while the Government aims to announce the final award of the reserves by March 16, 2015. At the same time it will ensure that power tariffs don’t go up post the bidding process. Only entities having end-use projects in power, steel and cement sectors will participate in the exercise.
Well implemented, pragmatic laws are needed - Pioneer
The state-appointed review panel for green laws has done a commendable job of diagnosing the main problems that plague industry and environment alike. Now, it is hoped that the Government will seriously consider the panel's many out-of-the-box solutions including its recommendations on the establishment of new Environment Management Agencies at the national and State levels, the formation of a new All India Environment Service cadre, and the creation of an ‘appellate court' which will deal with industry grievances.
Donít swallow bitter pills - Leena Menghaney, Economic Times
In the wake of Prime Minister Narendra Modi’s first official visit to the US, a joint US-India statement was released that has many public health advocates rather worried. Buried in the section on ‘economic growth and increasing foreign direct investment’ was a commitment from the Indian government to take part in a new ‘high-level’ working group on intellectual property (IP).
Indian software products arrive - Subir Roy, Business Standard
Ever since India became a force to reckon with in software services, doing for clients what they want done, the big void that has been constantly talked about is its absence from the space of software products - those over which you own intellectual property rights. Delivering a service involves satisfactory execution of a mandate and is a low-risk business, whereas developing and marketing a product involves high risk.
Govt plans big boost for local manufacturing - Amrit Raj & Utpal Bhaskar, Mint
The government has an ambitious plan to locally manufacture as many as 181 products India currently imports at a cost of at least $18.1 billion (around Rs.1.1 trillion), according to documents reviewed by Mint. The plan is in keeping with Prime Minister Narendra Modi’s Make In India programme to boost local manufacturing and create jobs. It could also help cut the country’s trade deficit.
New energy in India-Australia ties will boost local economies - Hindustan Times
Prime Minister Narendra Modi and his Australian counterpart Tony Abbott have scripted a new moment in India-Australia ties putting to rest the fitful gestures of drawing closer in the past.
Alternative savings instruments are needed - FE
Given India’s $25.7 billion gold imports in Jan-Sept 2014, it is understandable the government wants to crack down on imports. This would be a mistake. For one, since gold imports were $42.7 billion in all of 2013, there has been a lot of compression this year.
DGCA rolls back proposal to redefine private airlines - Roudra Bhattacharya, FE
Aviation regulator Directorate General of Civil Aviation  (DGCA) has rolled back its previous proposal to re-designate all non-scheduled operator permit (NSOP) holders with less than three aircraft as ‘private’ airlines within a month on the back of opposition from the industry.
DoT plans 2-stage bid for spectrum auction, prices to hit the roof - Rishi Raj, FE
Bids in the February 2015 spectrum auction are likely to skyrocket as the department of telecommunications (DoT) plans to auction just 800/900/1800 MHz spectrum bands, and not the vital 2100 MHz band spectrum that telcos were hoping for.
States look to plug tax gaps in e-commerce - Remya Nair, Mint
Indian states are looking at ways to tax e-commerce transactions to get a piece of growing e-commerce revenue, even as tax laws try to keep pace with evolving business models and corporate structures, especially in the context of most large e-commerce companies boasting marketplace models that connect buyers to sellers.
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