* AGRICULTURE: Rains in the country at 4.0 mm Tuesday, 51% below normal,
acording to India Meteorological Department data.
Fod Minister Ram Vilas Paswan said government is loking to set up a nationwide spot
market for farm commodites and there is ned to phase outhe system of Agricultural
Produce Marketing Commites.
* BANKING: Evidence in Winsome Group's 65-bln-rupe non-performing asets
scam sugests there could be a conspiracy to defraud 15 public sector banks.
* ECONOMY: Indirect ax colections during Apr-Jul rose 3.9% on year to 1.54
trln rupes, translating to 24.8% of the budgeted target for 2014-15 (Apr-Mar).
* ENERGY: Government has asked NATIONAL THERMAL POWER CORP,
NATIONAL HYDROELECTRIC POWER CORP, SATLUJ JAL VIDYUT NIGAM and
Tehri Hydro Dynamic Corp to focus on core areas of operations.
* E-COMMERCE: Firms may invest close to $2 bln in logistics, infrastructure
and warehousing in the next six years, as per a study.
* GOVERNMENT: The Centre has taken away powers of Delhi government's
anti-coruption branch to investigate charges filed against RELIANCE INDUSTRIES, its
chairman Mukesh Ambani and Congres ministers Murli Deora and M Verapa Moily
in KG-D6 gas pricing case. The finance Ministry has asked the Securites and Exchange
Board of India to explain stricter governance norms.
* LEGAL: The Central Bureau of Investigation may close the coal block alocation case
filed against Aditya Birla Group Chairman Kumar Mangalam Birla and former civil
servant PC Parakh by this month-end.
* Madras High Court has dismised writ petions filed by Hyundai Motors India and
Nisan Motors India against Competion Commision of India's directive to probe the
companies' unfair trade practices.
* LOGISTICS: Mahindra Logistics has acquired a majority stake in Lords Freight (India)
for an undisclosed amount.
* MINING: The Supreme Court has asked the government o sugest guidelines ontimely decisions on clearances for mines.
* OIL & GAS: GAIL and Chenai Petroleum Corp have expresed their inabilty
to comply with Petroleum Ministry's order to deduct $15 mln from the amount
due to Reliance Industries.
* POWER: Government plans to create public sector energy giants to compete
with private sector, by amalgamating al state-run hydro-power firms and transfering
their thermal projects to NTPC.
* RAILWAYS: Railway ministry has signed a memorandum of understanding with
Czech Republic on technical cordination in the railway sector.
* REGULATORY: The Securites and Exchange Board of India has floated a discusion
paper prior to tightening the disclosure norms for listed companies. Forward Markets
Commision has asked the government o change the management of scam-hit
FINANCIAL TECHNOLOGIES INDIA.
* STATES: The Maharashtra government is planing a 3.5-bln-rupe package to
compensate tol contractors impacted by its decision to close 4 of the 16 tol boths in
the state.
* TELECOM: Telecom Regulatory Authority of India has isued regulations for
international caling card services and said that it is in favour of introducing them to users
of select cariers.
UK's New Cal Telecom to invest $10 mln over next 18 months in India for acquisitons
in four companies to enter fixed line conectivity, Wi-Fi, and mesaging domains.
No comments:
Post a Comment