Govt set to unveil draft telecom policy
NEW DELHI: The telecom sector is all set to get a glimpse of new norms aimed at cleaning up and rejuvenating the sector with the unveiling of the Draft New Telecom Policy 2011 here on Monday.
Govt to take stock of CILs missed targets
NEW DELHI: The Coal ministry is likely to make the top brass of Coal India (CIL) account for missed production targets in the first quarter. CIL has blamed its failure to keep to production targets in Q1 this fiscal on rains and delays in securing green clearances.
RIL writes to Joshi on CAG report
NEW DELHI: Mukesh Ambani-run RIL in a letter to the Public Accounts Committee (PAC) Chairman Murli Manohar Joshi has said the Comptroller and Auditor General did not consider its response in the report that criticised the company for violation of contract for showpiece KG-D6 block.
Power Finance Corp to raise nearly R 16,800 cr
NEW DELHI: Power Finance Corporation hopes to raise nearly Rs 16,800 crore in the coming months via issue of securities,including bonds. The lender for the power sector has already started the sale process for tax-saving infrastructure bonds and tax-free bonds,which together could raise up to Rs 11,900 crore.
France,Germany to strengthen banks
BERLIN: The leaders of Germany and France,the euro zones two biggest economies,said Sunday that they had agreed on strengthening Europes shaky banking sector.