Italy Govt

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  Serie A Await Govt Green Light After Three-Month Suspension

  Italian football bosses are hopeful that Italy can follow the German Bundesliga, which has already returned to the pitch, and Spain's La Liga which prepares to kick off again on June 8.

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  Govt Seeks To Leverage Lambretta Brand For Scooters India Sale

  The government is seeking to bank on the Lambretta brand as it seeks to embark on a strategic sale of assets of the loss-making PSU, Scooters India Ltd. According to reports, the government is keen to ensure that the Lambretta brand stays with Scooters India to maximise valuation of the loss-making automaker Scooters India. The Heavy Industries Min...

• VVIP chopper scandal: Team of CBI, govt officials to reach Italy on Tuesday

  Days after the government ordered an official probe into the Rs 4,000 crore VVIP chopper deal, a CBI team along with a top Defence Ministry official, will leave for Milan in an attempt to unearth the money trail. The three-member team will arrive it in Italy on Tuesday.

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  VVIP chopper scandal: Govt suspends payments to Italian firm Finmeccanica

  The government has suspended payments to Italian defence giant Finmeccanica until the completion of a CBI probe, sources said, after allegations of corruption in the 4,000-crore deal for 12 helicopters for use by VVIPs like the Prime Minister. The Congress and the main Opposition party, the BJP, are trading charges over who is to blame.

• VVIP chopper deal: Another Bofors scam in the making, says BJP; Govt says no

  Ten days before the Budget session of Parliament begins, the opposition has been handed a new controversy to attack the Congress-led UPA government with and the BJP has quickly termed the Italian chopper deal now under a cloud as the "second Bofors scam".

• AK Antony on govt probe into VIP chopper deal: highlights

  The Central Bureau of Investigation will investigate a 4,000-crore helicopter deal between the government and Italian defence giant Finmeccanica, whose CEO was arrested on Tuesday for allegedly offering bribes in India to land the contract, according to Italian media.

• Profit Top 10: PM meets top advisors, Govt plans loan recast to aid power firms

  If you missed our coverage, here are the top 10 stories of the day.

• Fishermen deaths: Italian Govt offers Rs 1 crore compensation to victims' families

  The Italian government has offered a compensation of Rs 1 crore to the families of the two Indian fishermen allegedly shot dead by two Italian marines on February 15. Sources say the Italian government representatives and victims' families are drafting an agreement to be presented before the Kerala High Court today.

• Italy asks Kerala govt to ensure facilities for marines

  Geneva Agreement for war prisoners in the case of two Italian marines, who were arrested and lodged at the Central prison in connection with the killing of two Indian fishermen.

• Italian govt wins confidence vote on austerity

  The Italian government easily won a confidence vote Friday on its austerity measures, but new threats emerged against efforts to cut Italy's massive debt and a one-day strike caused chaos for commuters.

• Italian govt calls confidence vote on austerity

  The Italian government on Thursday called for a vote of confidence on an austerity package for the debt crisis

• Italy's new govt passes first confidence vote

    Against the backdrop of anti-austerity protesters clashing with riot police, Italy's new premier appealed to Italians to accept sacrifices to save their country from bankruptcy, but pledged economic growth and greater social cohesion in return. Mario Monti is under enormous pressure to boost growth and bring down Italy's high debt...

• Italy's new premier Monti rushes to build new govt

    Italy's premier-designate Mario Monti began talks on Monday to create a new government of non-political experts tasked with overhauling an ailing economy to keep market fears over the country from threatening the existence of the euro. Investors initially cheered Monti's appointment, following quickly on Silvio Berlusconi's weeken...

• Italian govt approves new austerity cuts

   Italy's government has approved euro45 million ($64.12 million) in cuts over the next two years to balance the budget by 2013 to meet demands of European Central Bank. The Cabinet approved the measures Friday evening despite fierce resistentence from local government officials who denouced the emergency austerity measures as socially ...