New Delhi: The government on Friday approved denotification of six special economic zones (SEZs) and considered a total of four new proposals worth Rs 6,451 crore but cleared only two of them. The decision was taken in a meeting of Board of Approval (BoA) headed by commerce secretary SR Rao. New CPI narrow for policy decisions: RBI Mumbai: The new series of consumer price index (CPI) is not enough for a robust statistical analysis of prices,Reserve Bank Governor D Subbarao said on Friday. Premature encashment of 8% bonds allowed Mumbai: The Reserve Bank on Friday permitted premature encashment of 8 per cent Savings (Taxable) Bonds for individual investors who are 60 years and above. FinMin warns wilful defaulter again New Delhi: Reiterating its stance on wilful defaulters,the finance ministry on Friday asked banks to take stern action against such companies. At todays meeting (with IBA ),I have also communicated that message . absolutely no consideration will be shown to wilful defaulters, financial services secretary Rajiv Takru said. SBI chairman rules out lending rate hike MumBai: A day after steeply hiking bulk deposit rates,SBI chairman Pratip Chaudhuri on Friday ruled out any hike in lending rate,although many private banks have done so due to the uptick in cost of funds following RBIs liquidity squeezing moves. China to allow bond futures after 18 years Shanghai: China will resume trading of treasury bond futures next week,state media said today,18 years after a scandal prompted regulators to yank the financial product.
