Page 5955 - Economy & Policy News

RBI eases infrastructure financing norms

Advances to earnings-backed project to be treated as secured loans; move to benefit BOT road and power sector projects

Revenue department advised to suspend preferential gold imports from Thailand

Imports of gold jewellery during April to December 2012-13 stood at $95.48 million

RBI move to have no impact on lending rates: Morgan Stanley

Report says CPI inflation will trend down in three months on fiscal consolidation measures

FDI up 8% at $2.15 bn in Jan

However, during April-January period of current fiscal, FDI declined 39% to $19.10 billion due to global economic uncertainties

Egypt set to double trade with India in few years, hopes to be a part of BRIC

The two countries signed 7 MoUs after Morsy met with Prime Minister Manmohan Singh

European airports woo Indian airlines

Jet Airways had secured govt nod to start flights to Munich and evaluating plans to shift its European hub from Brussels to Munich

CCI to take up stalled oil and gas projects today

It will be reviewing progress in sorting out differences between oil and defence ministries over the stalled 39 oil exploration blocks

Maharashtra leads in investments at Rs 9,55,329 crore

State maintains leadership in industrial sector

UPA to use social media platform to bolster image

Since social media is largely used by the young, it is a pivot that can be used to undertake an image makeover for the govt

Location of BRICS bank remains a thorny issue

Initial discussions had suggested that the bank be located in Shanghai. However, India has turned down the suggestion

CoalMin forms panel to devise policy on PPP framework

FM P Chidambaram during Budget speech had stated that there was a need to devise such policy to reduce the country's increasing dependence on imported coal

I-T dept to probe 1.2 mn non-filers

First phase likely to cover 150,000 assesses; rest to be handled in a systematic manner in due course

Power ministry launches credit ratings for discoms

First annual exercise names Gujarat's best performers, UP discoms worst

Policy soon for drug approval, clinical trials

Move comes in the wake of repeated slamming by the SC and the Parliamentary committee on health and family welfare

Cabinet clears revised food Bill

Likely in Parliament this week; FoodMin draft accepted without changes; CCEA defers decision on levy sugar

Now, Argentina probes HSBC for tax evasion

HSBC has come under scrutiny in other countries for the alleged irregularities in recent months

Economist slams Right to Education Act

RBI cuts rate, but remains hawkish

Repo rate cut 25 bps; CRR unchanged; the central bank says limited room for further rate cuts; banks rule out action on lending rate

Indian firms' subsidiaries in Cyprus face bank tax hit

Network18 Group has $260,000 in island-nation

Air cargo from Vizag set to boost Tuna fishing

Operators expect their revenues to double with the launch of air cargo from Visakhapatnam to international destinations like Singapore and Dubai