Diesel subsidy could be frozen to meet target: Rajan
Pune: The government may have to freeze the diesel subsidy at the current level to protect the budget numbers at some point in time,said chief economic adviser to the finance ministry,Raghuram Rajan,while flagging concerns over the widening current account deficit.
Inclusion an key norm for bank licences: RBI
PUNE: Financial inclusion will be one of the most important criteria for granting banking licences to new players,the RBI Governor D Subbarao said.
EGoM to meet on spectrum sale,RCF
NEW DELHI: The empowered group of ministers (EGoM) headed by finance minister P Chidambaram is scheduled to meet on Wednesday to discuss the third round of spectrum auction. Another EGoM would also decide on stake sale in Rashtriya Chemicals and Fertilizers (RCF).
DLF board to meet today on share sale
NEW DELHI: DLFs board of directors will meet on Wednesday to consider issues of over eight crore fresh equity shares,worth more than Rs 2,000 crore,to meet Sebis guidelines on minimum public shareholding.
NSE introduces same day settlement
Mumbai: The National Stock Exchange (NSE) has introduced a same-day settlement scheme,under which the members can save on additional margins if the payments for trades are made before the next trading session.
RBI relaxes overseas borrowing norms
New Delhi: Corporates can raise funds through ECBs through the automatic route,notwithstanding the pending investigations by law enforcement agencies against them,as the Reserve Bank Tuesday relaxed the ECB norms.