FDI Proposals Worth Rs 4,340 cr Cleared .

NEW DELHI: The government has cleared 19 foreign direct investment projects worth Rs 4,340 crore, including that of Tata Steel and Future Ventures. The Foreign Investment Promotion Board (FIPB) headed by finance secretary Ashok Chawla, which met on December 31, however deferred decision on 16 FDI proposals, including Reliance Broadcast Network and Essar Capital Holding. The Board also rejected two proposals, including that of B4U Television Network for induction of foreign equity to carry out business of up-linking a non-news and current affairs TV channel.

Naresh Goyal receives Hall of Fame award

Mumbai: Jet Airways Group chairman Naresh Goyal was on Thursday conferred the ‘Hall of Fame’ award by the Hotel Investment Forum India 2011 in Mumbai. The award was accorded to Goyal for setting benchmarks in onboard hospitality experience and for nurturing and growing an iconic Indian service brand into one of the premier international airlines. “I firmly believe that India has tremendous potential to deliver on its promise of being a global business and tourism destination of choice and our hospitality industry has a critical role to play, as we stake claim to our rightful rank of a world leader,” Goyal said.

Source : indianexpress.com