The liquidity deficit in the banking system continues to remain above the central bank&rsquo;s comfort level, despite a 75-basis point cut in the cash reserve ratio (CRR), which came into effect on Monday.

Liquidity deficit more than double RBI's comfort level

Business Standard

Suzlon Group, leading wind turbine maker in the world, would launch its latest turbine in the 1.5-megawatts (Mw) range focused on harnessing class-III, low-wind sites.

Suzlon Group announces S8X

Freudenberg Filtration Technologies (FFT), a provider of industrial and automotive filter elements and systems&nbsp;said it has acquired Pyramid Filters Private Limited a&nbsp;producer of air filter elements and systems for clean room applications in the pharmaceutical, medical, food and chemical industries.

Freudenberg buys Pyramid Filters

KIIT School of Rural Management ( KSRM), a constituent of city-based Kalinga Institute of Industrial Technology (KIIT) University, has achieved 100 per cent placement for the fourth year on the trot.

KIIT School of Rural Management bags 100% placement 

Ahead of the Railway Budget for 2012-13, senior citizens in south Orissa&rsquo;s Ganjam district have urged the Railways minister Dinesh Trivedi to make provision of 50 per cent concession in train travel for them.

Senior citizens want 50% concession in train travel

Bharti Airtel, the country's biggest mobile operator by subscriber base, has announced the launch of 'Airtel Money' across five cities of Orissa &mdash;Bhubaneswar, Cuttack, Balasore, Jharsuguda and Berhampur. Under the &lsquo;Airtel Money&rsquo; service, launched by the company through its wholly owned subsidiary- Airtel M Commerce Services Limited (AMSL), users can load cash on their mobile devices and use it to pay utility bills and recharges, shop at merchant outlets and make online transactions.

Airtel Money launched in five cities

Punjab National Bank (PNB), the second largest public sector bank in the country, has said it is expecting reduction in statutory liquidity ratio (SLR) in near future as such a measure is necessary to ease pressure on liquidity.

PNB hopeful of SLR cut

In a move that is expected to curb transport of illegally mined ore and bring in greater transparency in mineral raising and selling business, Railways have agreed to exchange information with the state steel &amp; mines department through the electronic mode.

Railways to share mine related information with state govt

The Asian Development Bank (ADB) has approved a $81 million loan to finance an infrastructure upgrade project, called &nbsp;Assam Urban Infrastructure Investment Program (AUIIP), in Assam.

$81 mn ADB loan for Assam infrastructure upgrade project

India&rsquo;s most populous state, Uttar Pradesh, shows a preponderance of wealth and crime as far as its elected representatives are concerned. An analysis of the newly-elected MLAs has found that nearly half of the members of the 403-member Legislative Assembly have criminal cases against them, and over two-thirds have assets of more than Rs 1 crore.

Half of Uttar Pradesh MLAs have criminal cases

The Ministry of civil aviation has agreed to prepare a note immediately to seek Cabinet approval for upgrading the Biju Patnaik airport in Bhubaneswar into an international airport, responding to Orissa's long-standing demand.

Civil aviation ministry to seek Cabinet nod for Orissa airport upgrade 

Aurangabad-based, Varroc Group a supplier of auto components today stated that it has bought the global lighting business of US-based Visteon Corporation including six manufacturing plants in India and abroad.

Varroc buys lighting biz of US firm

Foreign institutional investors (FIIs) were net buyers of Rs 1,298.64 crore (provisional) today, according to data released by BSE.

FIIs net buyers of Rs 1,299 cr in cash mkt today

The central government is evidently suffering from regional shackles (exacerbated in the recent state elections) and, hence, major reforms such as GST, FDI in retail andland acquisition may take an extended period of time to get implemented. In the meanwhile, in the current budget, in our view markets will be happy even if the government at least delivers on one front &ndash; a credible commitment towards fiscal discipline.

Budget 2012: Fiscal discipline will suffice, says Angel Broking

Industrial production or the IIP grew at a much faster-than-expected 6.8% year-on-year in January 2012 as compared to 7.5% in same month in 2011. December's provisional increase of IIP was at 1.8%.

Industrial growth rises to 6.8% in Jan

The Maharashtra government has proposed revision of stamp duty on leave-and-licence agreements in the state, for residential and commercial premises. The maximum stamp duty now for commercial premises is Rs 50,000 for 60 months and Rs 25,000 for 60 months for residential ones. The government proposes 0.1 per cent stamp duty on the market value of the residential property or one per cent of the premium plus average annual rent paid, whichever is higher, for up to 36 months. For commercial, the duty for 60 months would be 0.4 per cent.

Maharashtra govt to revise stamp duty

The Budget session starting tomorrow will see the Bharatiya Janata Party-led National Democratic Alliance trying to corner the government in Parliament on issues related to alleged attack on the country&rsquo;s federal structure and implementation of a National Counter-Terrorism Centre (NCTC).

NDA to attack govt on 'upsetting' federal spirit

The ban on export of cotton imposed earlier this week is to be lifted, decided a Group of Ministers (GoM) looking into the issue. A formal announcement would be made tomorrow.

Govt to lift ban on cotton exports

Government bond yields might fall this week in response to the liquidity easing measure announced by the Reserve Bank of India (RBI). On Friday, RBI reduced the cash reserve ratio (CRR) by 75 bps to 4.75 per cent, effective from the new reporting fortnight. The move released Rs 48,000 crore of banks&rsquo; funds locked in CRR.

Bond yields, short-term rates to cool after CRR cut

The Orissa government has sought extension of the in-principle approval granted by the Board of Approvals (BoA) under Union commerce ministry till October 25 this year for the multi-product Special Economic Zone (SEZ) proposed by Posco India at Paradeep.

BS Reporter