The Hindu Business Line : Friday, June 17, 2005

FIIs allowed in print media — Cabinet clears facsimile editions of foreign newspapers, journals
"Indian editions (of foreign newspapers) have not been permitted because of apprehensions that the Indian newspaper industry will not be able to withstand the competition." More

Media stocks hog the limelight
THE Union Cabinet's decision to allow FIIs to invest in print media set the stocks of companies in newspapers business on fire. Stocks of TV news channel companies also went up. The announcement, which came during the trading hours, saw ... More

Govt to go ahead with BHEL disinvestment — Invites bids from investment bankers
THE Union Government has decided to go ahead with its proposed stake sale in Bharat Heavy Electricals Ltd despite opposition from its Left allies. The Government has invited bids from global investment banks to manage the public offering. The ... More

Cabinet approves dual citizenship
THE Union Cabinet today gave its approval for amending the Citizenship Act 1955 to enable all persons of Indian origin who migrated to other countries (excepting Pakistan and Bangladesh) after January 26, 1950 to acquire overseas citizenship of ... More

Cabinet approves revamp package for BBJ Construction
THE Government has approved the financial restructuring package for state-owned Braithwaite Burn and Jessop (BBJ) Construction Company. The package, which was earlier cleared by the Board for Reconstruction of Public Sector Enterprises, got the ... More

Cabinet approves design, development of Oceansat-2 Mission
THE Union Cabinet today gave its approval for undertaking design and development of the Oceansat-2 Mission that entails building and launching a remote sensing satellite with ocean colour monitor (OCM). With the realisation of the Oceansat-2 ... More

POLITICS

Decision on petro price hike deferred
A DECISION on revising petroleum prices was deferred by the Cabinet Committee on Economic Affairs today. When asked if the issue was listed for the CCEA meeting, the Finance Minister, Mr P. Chidambaram, said, "Yes, but it has been deferred by ... More

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