Thursday, September 01, 2016
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  • Fuel dearer: Petrol by Rs 3.38 and diesel by Rs 2.67

Indian PR at Rs 10 crore

Pakistanis not eligible; 10-yr permit extendable01 Sep 2016 | 2:12 AM

NEW DELHI:The government today approved a proposal of the Ministry of Home Affairs to grant Permanent Residency Status (PRS) to foreign investors who bring in at least Rs 10 crore to facilitate business operations in the country.

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Indian PR at Rs 10 crore

Tribune News Service

New Delhi, August 31

The government today approved a proposal of the Ministry of Home Affairs to grant Permanent Residency Status (PRS) to foreign investors who bring in at least Rs 10 crore to facilitate business operations in the country.

Aimed at encouraging foreign investment and achieving Make-in-India goals, the decision was taken at a meeting of the Union Cabinet, chaired by Prime Minister Narendra Modi. However, this scheme would not be available for Pakistani  citizens.

“Foreigners will be granted 10-year residency permit with multiple entries if they invest Rs 10 crore over 18 months or Rs 25 crore over three years. The status can be extended by another 10 years if the PRS holder has not come to adverse notice,” a government notification said, adding that the facility would be available as per the conditions specified in the FDI policy.

Finance Minister Arun Jaitley said: “A certain threshold if you invest in India, then there will be availability of visa, the availability of the right to purchase assets, the availability of employment for family members. There is a detailed policy that has been approved.”

The notification said provisions will be incorporated in the visa manual to provide for the grant of PRS. The scheme would be applicable only to foreign investors fulfilling the eligibility conditions. The investment should also result in generating employment to at least 20 resident Indians every financial year.

Haryana MLAs exhibit drive, salary up by 60%

Haryana MLAs exhibit drive, salary up by 60%

01 Sep 2016 | 2:23 AM

CHANDIGARH:On the last day of the monsoon session of the Vidhan Sabha, the Haryana legislators today unanimously voted for themselves a hefty pay hike — over 60 per cent —which will take their monthly salary to Rs 1.5 lakh from the current Rs 95,000. The hike will be effective from April 1.

SC: Return 997 acres to Singur farmers

SC: Return 997 acres to Singur farmers

01 Sep 2016 | 2:12 AM

NEW DELHI:The Supreme Court today directed the West Bengal Government to return to the owners all 997 acres (4 sq km) of land acquired in Hooghly's Singur village for Tata Motors’ Nano car project within 12 weeks without recovering the compensation amount.

Dhingra hints at irregularities

Dhingra hints at irregularities

01 Sep 2016 | 2:27 AM

CHANDIGARH:The Justice SN Dhingra Commission set up by the Haryana Government last year to probe controversial land deals involving certain companies, including those owned by AICC chief's son-in-law Robert Vadra, has found irregularities in the land licence allotted to them by the former Hooda government.

Cabinet clears steps to revive real estate

01 Sep 2016 | 2:12 AM

NEW DELHI:To revive construction and real estate sectors, the Union Cabinet today approved a slew of measures, including easing of rules for quick settlement of disputes, pumping in liquidity and dealing with stressed assets.

Dutt wants Russian’s family to retain silver

Dutt wants Russian’s family to retain silver

01 Sep 2016 | 2:13 AM

NEW DELHI:In a sporting gesture, Yogeshwar Dutt on Wednesday said he wants wrestler Besik Kudukhov’s family to retain the 2012 London Olympics silver of which the late Russian was stripped after testing positive for banned substances.

Another AAP minister sacked by Kejriwal

Another AAP minister sacked by Kejriwal

01 Sep 2016 | 2:13 AM

NEW DELHI:Delhi CM Arvind Kejriwal today sacked Minister of Child Welfare and Social Justice Sandeep Kumar from his Cabinet after receiving an “objectionable” CD in which he was purportedly shown in a compromising position with a woman.

Ensure freedom to protest: Kerry

Ensure freedom to protest: Kerry

01 Sep 2016 | 2:12 AM

NEW DELHI:United States Secretary of State John Kerry today met Prime Minister Narendra Modi where the two discussed many of the bilateral and regional issues between India and the US.

Tomorrow’s strike to be bigger than last year’s: Unions

01 Sep 2016 | 2:13 AM

new delhi: Leaders of 10 central trade unions, including those affiliated to the Congress and the Left, came on a common platform today to assert that their call for a nationwide strike on September 2 was on course and the participation would be greater than during last year’s strike.


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CITY FOCUS

MC resolves to part ways with Jaypee

MC resolves to part ways with Jaypee

01 Sep 2016 | 2:18 AM

CHANDIGARH: The Chandigarh Municipal Corporation, at its monthly House meeting held here today, resolved to part ways with the Jaypee group in connection with the garbage processing plant at Dadu Majra.

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Delhi ‘durbar’ to hear AAP feud today

01 Sep 2016 | 1:46 AM

CHANDIGARH: All eyes are on AAP national convener Arvind Kejriwal to resolve the ongoing crisis of Punjab versus Delhi leaders following the removal of Sucha Singh Chhotepur from the post of state convener. A meeting of the party’s political affairs committee, headed by Kejriwal, will be held tomorrow in Delhi where a decision on the post of convener can be taken.

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Why take ‘rejects’ Sidhu, Chhotepur, asks Ravneet

01 Sep 2016 | 1:44 AM

CHANDIGARH/AMRITSAR: Congress MP from Ludhiana Ravneet Singh Bittu today said there was no need to induct BJP parliamentarian Navjot Singh Sidhu and Aam Aadmi Party’s former state convener Sucha Singh Chhotepur into the party.

Patiala administration gives Supreme Court judge a raw deal

01 Sep 2016 | 1:44 AM

PATIALA: Supreme Court judge Dipak Mishra had to summon the Patiala administration and complain about its lack of preparation on Friday when he had come here to attend an official function.

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Students protesting poor results ‘manhandled’

Students protesting poor results ‘manhandled’

01 Sep 2016 | 12:39 AM

SHIMLA: ABVP activists, including a large number of girls, protesting against the poor results were beaten up by the police on the HPU campus today. The students accused officials of using abusive language against them.

One killed, over 150 hurt in clashes

One killed, over 150 hurt in clashes

01 Sep 2016 | 12:55 AM

SRINAGAR/ANANTNAG: One youth was killed and several others injured in fresh incidents of violence that broke out in various parts of Kashmir as curfew was lifted from all areas of the Valley on the 54th day of unrest today.

BJP protests poor roads, drainage in slum areas

BJP protests poor roads, drainage in slum areas

01 Sep 2016 | 12:50 AM

DEHRADUN: Workers of the Bharatiya Janata Party’s Anushuchit Morcha has resented the poor condition of roads and drainage in slum colonies that are mainly inhabited by members of the Scheduled Caste community.

Brazil’s Senate impeaches Rousseff

Brazil’s Senate impeaches Rousseff

01 Sep 2016 | 1:35 AM

BRASILIA: Brazil's Senate today voted to remove President Dilma Rousseff from office, the culmination of a yearlong fight that paralysed Latin America’s largest nation and exposed deep rifts on everything from race relations to social spending.

Zee sells Ten Sports to Sony Pictures for Rs 2,579 crore

01 Sep 2016 | 12:38 AM

NEW DELHI:Zee Entertainment Enterprise Ltd (ZEEL) has sold its sports channel Ten Sports to Sony Pictures Networks for a $385-million (about Rs 2,579 crore) all-cash deal.

NoThe Indian boxers failed to make it to the medal bouts at Rio

Save boxing Fix the system

01 Sep 2016 | 1:55 AM

CHANDIGARH:Eight years after Vijender Singh’s landmark gold medal at the Beijing Olympics, it’s clear that Indian boxing has long lost momentum.

BCCI in no hurry to host day-night Test, says Thakur

01 Sep 2016 | 1:55 AM

NEW DELHI:BCCI president Anurag Thakur on Wednesday said the board is in no hurry to host a day-night Test match in the country.

No

My record won’t last long: Hales

01 Sep 2016 | 1:55 AM

NOTTINGHAM:Alex Hales does not expect to be an England record-holder for long after his 171 helped the team post a new world mark of 444/3 in ODIs.

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