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  • Government Stake in Kribhco Not Reduced

    With Krishak Bharati Cooperative Ltd (Kribhco) recently announcing to the Department of Fertilisers that Indian government would not reduce its stake in the company to 26%, the conflict between Kribhco & the government came to an ended.  The Centre's share in Kribhco's equity had in the past fallen from 67.73 per cent to 48.35 per cent.

    Oct 12, 2010
  • IIP Dipped in June 2010

    After eight months of double-digit year-on-year increases in the official index of industrial production (IIP), India's industrial growth dropped to 7.1% in June 2010. The base effect was held responsible for the dip.

    Oct 11, 2010
  • An Understanding between TRAI & RBI on Mobile Banking

    The Telecom Regulatory Authority of India (TRAI) and the Reserve Bank of India (RBI) reached an understanding in June 2010 on the regulatory aspects of mobile banking. The objective of the bodies is to ensure a smooth rollout of mobile banking in the country.

    Oct 11, 2010
  • SEBI-IRDA Conflict Resolved

    The Indian Government on 19 June 2010 put an end to the Securities and Exchange Board of India (Sebi)- Insurance Regulatory and Development Authority (IRDA) conflict over unit-linked plans (ULIPS) maintaining that ULIPS would be regulated by IRDA. SEBI is the securities regulator and IRDA regulates insurance companies.

    Oct 11, 2010
  • Relaxation in Cabotage Law Demanded

    The Indian shipping community in June 2010 sought the relaxation of the Cabotage Law in the wake of the Kochi port preparing to commission the Vallarpadam Terminal. The terminal can develop as a trans-shipment terminal for the sub-continent only if the Cabotage Law is relaxed and foreign flag vessels permitted to carry export/import trans-shipment containers from any of the Indian ports to the ICTT or vice-versa.

    Oct 11, 2010
  • CCI Approved Highway Projects

    The Indian cabinet committee on infrastructure (CCI) on 10 June 2010 approved highway projects worth Rs 2500 crore. All the highways projects approved today fall under the NHDP Phase III.

    Oct 11, 2010
  • Sensex Reached a Thirty-two Month High

    The Bombay Stock Exchange benchmark index, Sensex, on 21 Sept 2010 moved above the 20000-mark for the first time in 32 months. Sensex barometer closed 95.45 points

    Oct 10, 2010
  • SEBI Rejected MCX-SX's Application

    The Securities and Exchange Board of India (SEBI) rejected MCX-SX's application to offer trading in equities, debt, and derivatives on 23 Sept 2010. SEBI also rejected the

    Oct 10, 2010
  • Power Ministry Sought Cap Relaxation Under 'Project Visas' regime

    The Steel and Power ministry in a recent meeting of the Monitoring Committee chaired by Ajit Seth, Secretary (Coordination), Cabinet Secretariat sought relaxation in the existing

    Oct 10, 2010
  • IATA Against Imposition of Service Tax

    At a CII meeting organised on 23 Sept 2010, the International Air Transport Association (IATA) criticised the recent move of the Indian Aviation Ministry to impose 10.3% service

    Oct 10, 2010
  • Government Approved 24 FDI Proposals

    Based on the recommendations of the Foreign Investment Promotion Board (FIPB), the Indian Government on 23 Sept 2010 approved Forign Direct Investment (FDI) 24

    Oct 10, 2010
  • Directive Issued Under Government Guarantee Policy

    The Indian Finance Ministry as the part of the Government Guarantee Policy issued a directive on 24 Sept 2010, in which to which the government proposed to curtail norms

    Oct 10, 2010
  • CERC Study on Tariff-based Competitive Regime Date

    The power regulator, Central Electricity Regulatory Commission (CERC), based on a study that made comparative analysis between 14 projects advised the Indian

    Oct 10, 2010
  • Cap on Investment by FII Increased

    The Indian Government on 23 Sept 2010 increased the cap on investment by foreign institutional investors (FIIs) in the country's debt and bond markets by $10 billion to $30

    Oct 10, 2010
  • SEBI Directed FIIs to Comply with Deadline

    Market regulator Securities and Exchange Board of India (SEBI) rejected the demand of foreign institutional investors (FIIs) for extending the 1 October 2010 deadline to comply with new rules that require funds to have a minimum of 20 investors.

    Oct 10, 2010