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DoT Finalised Business Models to Build Broadband Network

Jan 6, 2011
Department of telecommunication identified three business models to build a national broadband network.

RBI Permitted Seven Banks to Import Precious Metals

Jan 6, 2011
RBI permitted seven more banks including four associate banks of State Bank of India to import precious metals.

Karnataka Government Signed Agreement with NTPC & Srinivasa

Jan 6, 2011
Karnataka government signed three PPAs including a waste-to-energy project with NTPC, NLC and Srinivasa Gayithri.

SEBI Permitted 4 Regional Bourses to Share NSE Platform

Jan 5, 2011
SEBI permitted four regional bourses to share the National Stock Exchange (NSE’s) stock trading platform.

ONGC and GAIL India Signed Agreement

Jan 5, 2011
Oil and Natural Gas Corporation (ONGC) and GAIL India (GAIL) reached landmark agreement to ensure mutual business growth.

PMEAC Revised Projection of Inflation to 6 per cent

Jan 4, 2011
Prime Minister’s Economic Advisory Panel revised its projections for overall inflation at the end of the 2010-11 financial year upward to 6%.

CCEA Permitted Infusion of Rs 1200 crore in Debt-ridden Air India

Jan 3, 2011
CCEA on 30 December 2010 permitted infusion of Rs 1200 crore in state-owned Air India.

Tuirial Hydroelectric Project Estimates Revised

Jan 3, 2011
CCEA revised cost estimate for Neepco’s stalled 60 mw Tuirial hydroelectric project in Mizoram.

Government Allowed Fresh Cotton Exports of 2.5 million Bales

Jan 3, 2011
Indian Union Government permitted fresh cotton exports of 2.5 million bales from 11 January 2011.

SBI Reduced Interest Rates to Increase Farm Loan Portfolio

Dec 31, 2010
State Bank of India decided to reduce interest rates to 10-10.5% for loans related to farming and related activities.

Assocham Recommended Reduction of Corporate Tax

Dec 31, 2010
Assocham recommended reduction of corporate tax to 25% from the existing rate of 30%.

RBI Directed SLBCs to Prepare Yearly Calendar by January 15

Dec 31, 2010
RBI on 29 December 2010 directed the state level bankers committee (SLBC) to prepare a yearly calendar of their meetings by 15 January every year.

NTPC’s Coal Projects Cleared by Environment Ministry

Dec 30, 2010
Environment ministry in December 2010 granted clearance to three coal-based NTPC power projects.

Indian Railways Awarded Order to BHEL

Dec 30, 2010
BHEL secured two breakthrough orders from Indian Railways for the development, manufacture and supply of 3-Phase IGBT-based propulsion systems.

RBI Imposed Restrictions on Transactions with Iran

Dec 29, 2010
Reserve Bank of India (RBI) on 27 December 2010 imposed further restrictions on transactions with Iran.

Unit of Korba Super Thermal Power Station Commissioned

Dec 29, 2010
Unit 7 of 500 MW of Korba Super Thermal Power Station commissioned on 26 December 2010.

Comptroller and Auditor-General of India Appeared Before PAC

Dec 29, 2010
Comptroller and Auditor-General of India Vinod Rai appeared before PAC to present CAG's views on 2G spectrum.

DoT Slapped Noticed to Firms for Delayed Roll-out of 2G Services

Dec 28, 2010
Department of telecom (DoT) slapped notices to telecom firms for delayed rollout of 2G services.

DGFT Suspended Agencies Involved in Issue of PSIC

Dec 28, 2010
Directorate General of Foreign Trade (DGFT) blacklisted and suspended 12 agencies that issue pre-shipment inspection certificates.

Service Tax on Retail Sale of Packaged Computer Software Exempted

Dec 28, 2010
Indian Finance Ministry in December 2010 exempted service tax on retail sale of packaged computer software.
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