Domestic News • Government notifies new bidding norms for power plants with a known source of fuel, which are termed Case-II projects. • Union cabinet gives its approval for new allocation policies that will govern auctioning of coal reserves and shale gas acreages in future. • Government postpones the launch of Central Public Sector Enterprise Exchange Traded Fund to January to make way for big-ticket divestment plans for state-owned companies like Coal India Ltd and Indian Oil Corp Ltd. • Cabinet Committee on Economic Affairs approves the development of Rs.1943cr Jawaharlal Nehru Port Trust port road project in Maharashtra. • RBI allows companies in all sectors to avail of trade credit not exceeding $20mn up to a maximum period of five years for import of capital goods as classified by Director General of Foreign Trade. • RBI to act against auditors who do not report regulatory violations by banks and non-banking finance companies audited by them. • SEBI says stock exchanges may consider transferring securities of as many as 11 companies to normal trading category from the restricted segment. • DoT expects to collect Rs.11000cr rupees from the auction of spectrum to mobile service providers in the current financial year ending March. • National Highways Authority of India shortlists 22 companies, including L&T, Hindustan Construction Co Ltd, Punj Lloyd Ltd and Patel Engineering Ltd, for its Rs.1027cr road project in Bihar. • MTNL and BSNL to share their back-end infrastructure and offer customised tariff plans to their mobile users besides presenting a single identity to their corporate customers.
Posted on: Wed, 25 Sep 2013 06:33:38 +0000
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