* AVIATION: The ministry of civil aviation is open to giving private companies 100% control to operate and manage six state-run airports.
* BANKING: Finance Minister P. Chidambaram has asked banks to ensure smooth credit flow to various sectors.
* DEVELOPMENT CREDIT BANK: Has raised base rate by 35 basis points to 10.85% effective from Sunday.
* ECONOMY: Notwithstanding the steep correction in Indian equities, Bank of America Merrill Lynch sees further downside risks and expects earnings downgrades.
* ENERGY: All India coal stock of thermal power stations was 23.3 mln tn as on Aug 21, which was sufficient for 19 days, compared with 9.12 mln tn coal for nine days a year ago. Cabinet Committee on Economic Affairs approved petroleum ministry's plan to extend direct benefit transfer for liquefied petroleum gas scheme.
- The petroleum ministry has finalised a shale oil and gas exploration policy, which will be tabled before the Cabinet soon after the oil minister approves it, petroleum secretary Vivek Rae said.
* FERTILISER: Parliamentary standing committee on chemicals and fertilizers has recommended an effective mechanism be put in place to examine and scrutinize reasonableness of maximum retail price fixed by fertiliser companies.
* GOVERNMENT: After over two years of debate on the Land Acquisition Bill, the Lok Sabha on Thursday passed the legislation that seeks to provide a fair compensation to families whose land has been acquired for development and commercial purposes. The Commerce Ministry has asked the Finance Ministry to include export credit in priority sector lending of all banks to boost overseas sales.
- Domestic jewelers may get more time for repayment under the metal gold loan scheme, a measure the government is discussing with the Reserve Bank of India in a bid to curb forex outflows and arrest rupee depreciation.
- The government on Thursday said it would extend direct benefit transfer programme for cooking gas connections to another 269 districts by January.
* INFRASTRUCTURE: Planning Commission will meet officials from roads and railways ministries on Friday to discuss changes in concession agreement for public-private partnership projects. Cabinet Committee on Economic Affairs approved continuation of the Ground Water Management and Regulation scheme.
* LEGAL: The Supreme Court on Thursday asked the Central Bureau of Investigation to complete its investigation in the coal field allocation case by December and gave the government four weeks to submit a report to the agency on missing files and documents related to the probe.
* MARKETS: Finance Minister P. Chidambaram said it is wrong to argue that markets are spooked by food security bill and land acquisition bill.
* METALS: The government is considering a plan to direct commercial banks to buy gold from ordinary citizens and divert it to precious metal refiners in an attempt to curb imports and take some heat off the plunging currency.
* OIL AND GAS: The government has said it will import oil from Iran amid imminent strikes by the US on Syria .
* REGULATORY: RBI Governor D. Subbarao said the US Federal Reserve's proposed tapering of its ultra-loose monetary policy cannot alone be blamed for the fall in rupee.
* STEEL: A consortium of 15 banks led by STATE BANK OF INDIA will likely add to their exposure to the highly-leveraged Essar Steel, lending it an additional 60 bln rupees.
* TELECOM: The department of telecom has proposed a swap formula whereby the defence forces have been asked to vacate the 15 MHz spectrum in the 3G band in exchange for the same amount of spectrum in another frequency band.
* BANKING: Finance Minister P. Chidambaram has asked banks to ensure smooth credit flow to various sectors.
* DEVELOPMENT CREDIT BANK: Has raised base rate by 35 basis points to 10.85% effective from Sunday.
* ECONOMY: Notwithstanding the steep correction in Indian equities, Bank of America Merrill Lynch sees further downside risks and expects earnings downgrades.
* ENERGY: All India coal stock of thermal power stations was 23.3 mln tn as on Aug 21, which was sufficient for 19 days, compared with 9.12 mln tn coal for nine days a year ago. Cabinet Committee on Economic Affairs approved petroleum ministry's plan to extend direct benefit transfer for liquefied petroleum gas scheme.
- The petroleum ministry has finalised a shale oil and gas exploration policy, which will be tabled before the Cabinet soon after the oil minister approves it, petroleum secretary Vivek Rae said.
* FERTILISER: Parliamentary standing committee on chemicals and fertilizers has recommended an effective mechanism be put in place to examine and scrutinize reasonableness of maximum retail price fixed by fertiliser companies.
* GOVERNMENT: After over two years of debate on the Land Acquisition Bill, the Lok Sabha on Thursday passed the legislation that seeks to provide a fair compensation to families whose land has been acquired for development and commercial purposes. The Commerce Ministry has asked the Finance Ministry to include export credit in priority sector lending of all banks to boost overseas sales.
- Domestic jewelers may get more time for repayment under the metal gold loan scheme, a measure the government is discussing with the Reserve Bank of India in a bid to curb forex outflows and arrest rupee depreciation.
- The government on Thursday said it would extend direct benefit transfer programme for cooking gas connections to another 269 districts by January.
* INFRASTRUCTURE: Planning Commission will meet officials from roads and railways ministries on Friday to discuss changes in concession agreement for public-private partnership projects. Cabinet Committee on Economic Affairs approved continuation of the Ground Water Management and Regulation scheme.
* LEGAL: The Supreme Court on Thursday asked the Central Bureau of Investigation to complete its investigation in the coal field allocation case by December and gave the government four weeks to submit a report to the agency on missing files and documents related to the probe.
* MARKETS: Finance Minister P. Chidambaram said it is wrong to argue that markets are spooked by food security bill and land acquisition bill.
* METALS: The government is considering a plan to direct commercial banks to buy gold from ordinary citizens and divert it to precious metal refiners in an attempt to curb imports and take some heat off the plunging currency.
* OIL AND GAS: The government has said it will import oil from Iran amid imminent strikes by the US on Syria .
* REGULATORY: RBI Governor D. Subbarao said the US Federal Reserve's proposed tapering of its ultra-loose monetary policy cannot alone be blamed for the fall in rupee.
* STEEL: A consortium of 15 banks led by STATE BANK OF INDIA will likely add to their exposure to the highly-leveraged Essar Steel, lending it an additional 60 bln rupees.
* TELECOM: The department of telecom has proposed a swap formula whereby the defence forces have been asked to vacate the 15 MHz spectrum in the 3G band in exchange for the same amount of spectrum in another frequency band.
