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  • 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
  • India to Reduce Market Borrowing

    The Government of India in September 2010 decided to reduce its market borrowing by a whopping Rs 10000 crore in the second half of the current fiscal (2010-11).

    Oct 10, 2010
  • RBI Cleared Transfer of Shares from CSB to Edelweiss

    The RBI cleared NRI businessman Surichan Chansri Chawla's transfer of Catholic Syrian Bank (CSB) shares to Edelweiss Capital on 19 Sept 2010. Edelweiss held 0.39% stake in

    Oct 10, 2010
  • One Year Extension for MCX-SX

    MCX Stock Exchange on 13 Sept 2010 got one year extension to offer trading in currency derivatives from Capital market regulator, SEBI. MCX-SX can begin trading in

    Oct 10, 2010
  • New WPI Series Launched

    The Indian Government on 14 Sept 2010 launched a new series of Wholesale Price Index (WPI) with 2004-05 as base year. Before the government adopted the new WPI,

    Oct 10, 2010
  • EPFO Raised Interest Rate on Retirement Benefits

    The Employees' Provident Fund Organisation (EPFO) raised the interest rate on retirement benefits by a full percentage point to 9.5% for 2010-11 from 8.5% as

    Oct 10, 2010
  • Union Cabinet Agreed on Ten Per Cent Disinvestment in MOIL

    The Indian Union Cabinet gave green signal for 10 per cent disinvestment in Manganese Ore India Ltd. (MOIL) through an initial public offering (IPO) as well as share sale of 5 per

    Oct 10, 2010
  • Eligibility Threshold for Renewable Energy Based Projects Reduced

    Electricity regulator CERC recently lowered the eligibility threshhold thereby making it easier for the small renewable energy based projects to connect better to the inter-state

    Oct 10, 2010
  • Repo & Reverse Repo Rates Hiked by RBI

    Reserve Bank of India (RBI) on 27 July 2010 raised its short-term policy rates to control inflation. The apex bank hiked the repurchase rate by 25 basis points to 5.75 percent and the reverse repurchase rate by 50 basis points to 4.50 percent.

    Oct 10, 2010

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