Now, private entities aspiring to set up banks can expect to hear about the status of their applications from the Reserve Bank of India (RBI) in 90 days. The 90-day period for issue of in-principle approval for private bank licences would commence
Author: admin (Infratructure Today)
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Finance Ministry looks to divest stakes in 7 PSUs
The finance ministry is working on a road map to divest stake in seven big state-run companies, which include Coal India, SAIL, MMTC, NMDC, NHPC and Nalco.
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Govt set to rework land acquisition law
The BJP-ruled states have urged the Central government to repeal the "anti-industry, anti-development and anti-farmer" Land Acquisition, Rehabilitation and Resettlement Act, 2013.
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India, China sign three MoUs
India and China signed three key MoUs, including one on industrial parks and flood data of Brahmaputra river, coinciding with the visit of Vice President Hamid Ansari.
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Policy for coal linkage
transfer to new power units The government will come out with a policy to facilitate the transfer of coal linkages from old retiring power plants of pubic sector utilities to new units.
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CIL not to be split
Power and Coal Minister Piyush Goyal has said the government will not split Coal India (CIL) but will work to smoothen the edges and improve its performance. The new government wants to fix the coal sector quickly to ensure uninterrupted
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SPV for coal block development in Odisha
The Jammu and Kashmir state cabinet has approved the formation of a Special Purpose Vehicle (SPV) for development of the coal block at Kudnali Laburi, (Talcher) in Odisha allocated jointly to JKSPD and NTPC by the Union Ministry of Coal.
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Bengal aims for 10 per cent growth
The West Bengal government is aiming for a state domestic product (SDP) growth of 10 per cent, twice the economic growth of the entire country, according to the state finance minister Amit Mitra.
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Goa cabinet approves investment policy
The Goa cabinet has approved the state investment policy that expects to generate 50,000 jobs and attract Rs 25,000 crore investment in next five years.
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Paradip, Dhamra to jointly develop part of NW-5
Paradip and Dhamra ports plan to sign a Memorandum of Understanding (MoU) to develop the Jokadia-to-Paradip and Dhamra stretch of the Kharsua River for inland trade. The 201 km stretch is part of the National Waterway (NW)-5.