News Update
March 29, 2012
A brief news round-up from the past two weeks:
BRICS leaders to discuss trade, review situation in the region
Representing over 40% of the world’s population, the leaders of five leading economies- Brazil, Russia, India, China and South Africa (BRICS)- will meet here tomorrow to discuss ways to enhance intra-BRICS trade and review the situation in the region.
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DoT to finish spectrum auction by Feb 2013: FinMin
The government is likely to complete the process of spectrum auction, including the one for 2G services, by January-February next year.
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$240-m ADB loan to boost infra financing
The Central Government, Asian Development Bank (ADB) and India Infrastructure Finance Company Ltd (IIFCL) have signed a $240-million loan agreement.
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India pushes refiners to cut imports from Iran
BIndia, publicly disdainful of sanctions to pressure Iran, has been left off a list of nations given a US waiver from the measures, but is privately pushing its refiners for substantial cuts in imports from the Middle Eastern country…
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Govt to soon introduce Coal Regulatory Bill
The Coal Ministry will soon come out with a Coal Regulatory Bill, 2012, that will improve transparency in the sector.
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India sovereign rating faces risk on fiscal strain: Deutsche Bank
India may not face a negative ratings action this year but risks remain from a further slowdown in growth and policy slippages.
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