RBI notifies telecom as infrastructure sector

Saturday, 29 Jun 2013 | PNS | New Delhi

Telecommunications and telecom services has been included as infrastructure sub-sector, thus making it eligible for easy bank financing in addition to overseas fund raising. Further, capital dredging, under the sub-sector ‘Ports’, and slurry pipelines have been included in infrastructure sub-sectors, RBI also said in a notification. At present there are five sectors...

There is definitely policy uncertainty, says KM Birla

Saturday, 29 Jun 2013 | PNS | Kolkata

The industry is within its rights to speak about policy uncertainty, Aditya Birla Group Chairman Kumar Mangalam Birla said on Friday while demanding that Government create a more enabling environment to spur growth and boost investments. “There is policy uncertainty. There is no denying the fact and the Indian industry...

DICT to start commercial operation from August 15

Saturday, 29 Jun 2013 | PNS | New Delhi

Keeping in mind growing trade in North India Delhi International Cargo Terminal (DICT) is eyeing 25 per cent of NCR’s 15 lakh TEU containers and cargo trade per annum by 2016. “After integrated rail-linked cargo terminal and inland container depot at Sonepat gets operational from August 15 we expect to corner...

LawMin asks MinesMin to amend Act governing HZL, Balco prior to residual stake sale

Saturday, 29 Jun 2013 | Animesh Singh | New Delhi

In a step which may further delay any decision on the sale of Government’s residual stake in Hindustan Zinc Ltd (HZL) and Balco, the Law Ministry has advised the Mines Ministry to amend the Act under which both the entities were incorporated/nationalised before taking the Parliament’s nod on the matter. According...

Yes Bank promotes three executives to whole-time directors

Saturday, 29 Jun 2013 | PNS | Mumbai

Even as the controversy overthe nomination of the daughter of one of its founders on the board continues, private lender Yes Bank on Friday elevated three of its top executives as wholetime directors. The bank’s board, which met yesterday as per an order of the Bombay High Court to consider the...

PM for Rs 1.15 lkh crore investment in PPP projects

Saturday, 29 Jun 2013 | PNS | New Delhi

In a bid to ramp up investor sentiment, Prime Minister Manmohan Singh on Friday set an investment target of Rs 1.15 lakh crore in PPP (public private partnership) projects across infrastructure sectors in rail, port and power in the next six months. The proposals include Mumbai elevated rail corridor (Rs...

Lagarde hopes Europe will ‘one day’ appreciate IMF

Saturday, 29 Jun 2013 | AFP | Washington

IMF chief Christine Lagarde hopes the new Greek Government “will hold” and that “one day” the Fund’s action in Europe, currently the target of criticism, will be appreciated, she said. In a climate of fierce opposition to austerity measures in Europe, Lagarde said that only time will allow the merits of...

RBI warns of rising macroeconomic risks to India’s growth story

Friday, 28 Jun 2013 | PNS | New Delhi

Steep in fall in domestic growth, subdued performance of the corporate sector and external sector developments have all combined to raise the macroeconomic risks to the Indian economy, the Reserve Bank of India (RBI) underlined this in its biannual Financial Stability Report (FSR). Releasing the FSR on Thursday, the central bank...

CAD touches record high of 4.8% in 2012-13

Friday, 28 Jun 2013 | PNS | New Delhi

Current Account Deficit (CAD), which is the difference between outflow and inflow of foreign currency touched a record high of 4.8 per cent of GDP in 2012-13 on rising gold and oil imports. CAD, however, moderated sharply to 3.6 per cent of GDP in the last quarter of 2012-13 fiscal after...

Rs slide has only short-term benefits, says Nasscom chief

Friday, 28 Jun 2013 | PTI | Hyderabad

The depreciating rupee against dollar has a short-term benefit for the IT industry and the sector should not depend on currency management for profits, a top functionary of industry body Nasscom said on Thursday. Nasscom President Som Mittal also said the proposed US Immigration Bill will have a negative impact on...


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Govt to unveil new Haj policy this month: Naqvi

13 Aug 2017 | TN RAGHUNATHA | Mumbai

Union Minister of State for Minority Affairs (Independent Charge) Mukhtar Abbas Naqvi on said in Mumbai on Saturday that the Haj Policy-2018 — aimed at making the piligrimage process “transparent” and “smooth” — would be unveiled later this month. Speaking at the 22nd annual Haj orientation camp organised for Haj pilgrims at Haj House in Mumbai, Naqvi said that from the next year, the Haj would be organised as per to...

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GSI to look for limestone deposits in Raigarh dist

19 Aug 2017 | Staff Reporter | Raipur

The Geological Survey of India will carry out assessment of Limestone deposits In Laladhurwa-Jognipali Block of Raigarh district in Chhattisgarh. GSI last year took up assessment of limestone deposits at Birutola-Nawapara-Sohagpur Blocks of Kabirdham district in Chhattisgarh, officials stated...

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