As widely expected, the Reserve Bank of India has refrained from immediate action on lowering of key lending rates till there are signs of further easing of inflation. Its mid-quarter review on the eve of Budget has kept repo and other policy rates unchanged while it has recently effected...
Finance minister Pranab Mukherjee has got enough indicators to deliver a ‘tough’ budget. The economic survey tabled in the Parliament today and the Reserve Bank ofIndiacredit policy announced earlier cry out for a fiscal consolidation. A tough budget means raising tax revenue and cutting on government expenditure. A slow...
By Kalyani Shankar The idea of an alternate Front often surfaces just before or after the polls. The fact that such a front consisting of left and some regional parties ruled the country more than once gives the hope for the Third Front strategists who are waiting for another...
by Nora Chopra The Congress will be open to taking support from the left both in getting its MP elected to Rajya Sabha fromWest Bengalas well as in the election of the President if Mamata does not collaborate. West Bengal Assembly can elect five Rajya Sabha MPs out of...
NEW DELHI: Thomas Cook had received at least eight proposals from potential buyers, the travel company said on Wednesday, as it closed bids for the sale of its Indiabusiness. Several private equity and global investment firms, including Kohlberg Kravis Roberts (KKR), Carlyle Group, Everstone Capital, T A Associates, and...
MUMBAI: Banks receiving capital support from the government will have to think twice before putting money in non-core businesses. This is a condition that has been laid down by the finance ministry which, however, has not spelt out the activities that can be described as non-core. This was indicated...
NEW DELHI: To meet fuel supply commitments to the power sector, the government today said CIL might divert a portion of the coal meant for e-auction to power plants. “… Coal India Ltd (CIL) may reduce coal meant for e- auction from 10 to 7 per cent of its...
NEW DELHI: China’s thermal coal imports could soar to one billion tonnes in 2030 from just 175 million in 2011 , while India’s imports will be at least 400 million tonnes in that same year, five times last year’s levels, research consultants Wood Mackenzie said. Imports will rise as...
NEW DELHI: The government today said it has decided to issue show-cause notices for deallocation to allocatees of 58 coal blocks for sitting idle on captive mines. The decision was taken by a review panel headed by Coal Additional Secretary Zohra Chatterji. “The committee has given its recommendations and...
MUMBAI: Indian wind turbine major Suzlon Energy refuted media reports that French engineering conglomerate Alstom SA is evaluating a potential offer to acquire its subsidiary REpower Systems, saying it was “entirely speculative”. Shares of Suzlon Energy soared 5% to an intra-day high of Rs 30.75 on a report in...