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Pravasi meet begins, property-related issues dominate Day 1
A plethora of issues ranging from cheating by builders to complexities involved in succession and inheritance of properties dominated the first day of the annual Pravasi Bhartiya Divas attended by nearly 1,500 delegates from over 40 countries.

Bill allows merger of Indian companies with foreign firms
The Companies Act Amendment Bill, which was tabled in Parliament in the Budget session that adjourned last week, has proposed to allow Indian companies to merge with overseas companies, a move that could introduce greater flexibility in cross-border merger and acquisitions (M&As).

News of the day

India to start building 20 km roads per day by April: Nath
Road Transport and Highways Minister Kamal Nath said here that India had increased its per-day construction of roads to 9 km and the target of developing 20 km daily would be accomplished by April.“We have reached 9 km per day of road construction and will hit our target of 20 km a day by April,” Nath, who was here to hold talks with the Malaysian government to invite them to enter the highway construction sector in India, said.Thirty-five Malaysian companies are already involved with various infrastructure projects in India.To construct 20 km of raods a day or 7,000 km a year, there had to be 20,000 km of work in progress, he said.
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Efforts on to complete N-deal before PM's US visit

Top US and Indian officials are making hectic efforts to conclude the discussions on critical reprocessing deal on spent nuclear fuel before Prime Minister Manmohan Singh"s high-profile state visit here next week. - PM to kick off US visit by addressing biz leaders - Paulson takes Citigroup stake, sells Goldman Sachs shares - Subir Gokarn: The industrial divide">Subir Gokarn: The industrial divide - Visit Bharat, courtesy UNDP, govt - Ministry upbeat on port expansion plan - Real estate"s many layers Knowledgeable sources familiar with the negotiations that have been going on between the two sides since July told PTI that the bracketed portion of the draft agreement, flying between the two capitals, has reduced to six from 13. India"s Atomic Energy Commission"s Chairman Anil Kakodkar is understood to be in Washington this past week to hold talks with the US officials on this issue. Another round of negotiations between India and the US on reprocessing of nuclear spent fuel -- that constitutes a significant part of the 123 agreement -- is scheduled for November 20 and 21 here, on the eve of the arrival of Singh to the US as the first State Guest of President Barack Obama. Informed sources said officials from both India and the US are "extremely pleased" that meetings so far have advanced the reprocessing agreement towards the conclusion so quickly. The 123 agreement on bilateral nuclear cooperation gives New Delhi prior consent to reprocess. However, it stipulates that this right would come into effect only when India establishes a new national facility dedicated to reprocessing safeguarded nuclear material under safeguards of International Atomic Energy Agency and reaches a deal with the US on "arrangements and procedures under which such reprocessing will take place in this new facility."


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