In the next three years, Singapore-headquartered DBS Bank has plans to open 50 branches in India. DBS Bank wants to benefit from India's new policy for foreign lenders. The Asia-focused bank currently offers wealth management and deposit products in India.
Tag: new policy
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Finance Minister backed higher gas price: Oil Ministry
The Union Petroleum Ministry has expressed surprise at the Finance Ministry's suggestion of restricting the impact of the gas price hike under the new policy, saying North Block had not once, but twice backed the plan during consultations. The letter from the petroleum ministry sent a few days ago will put the finance ministry in a fresh spot of bother as it was seen to be distancing itself from a decision of the Cabinet that is facing criticism.
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New policy soon for growth of aviation sector
For a new policy of sustainable and orderly growth of aviation sector in the country, the Union Civil Aviation Ministry has prepared a white paper, the Rajya Sabha was told on March 22. To have a sustainable and orderly growth of the aviation sector, the Ministry has felt the need to spell out a long-term Civil Aviation Policy to address various issues related to the sector, Union Minister of State for Civil Aviation KC Venugopal said.
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NHAI formulating policy for early exit of developers
The National Highway Authority of India (NHAI) is preparing a new policy that would facilitate and allow the construction companies to exit as soon as the road project is commissioned. The NHAI's move follows highway construction industry's pressing demand to allow them to disinvest from the highway projects when those are commissioned.