Modi orders insurance, coal reforms after stymied by parliament
The cabinet approved an executive order on Wednesday to implement coal and insurance reforms, a government official said, underlining the administration’s resolve to push through economic measures despite political opposition in parliament. Under the order, foreign firms can increase their... read more »
Vistara to fly on 9 January, readies plan for international routes
Vistara plans to start international operations as soon as the Government lifts the 5/20 rule. The airline, a 51:49 venture between Tata Sons and Singapore Airlines (SIA), will be starting operations on 9 January with domestic flights on Delhi, Mumbai and Ahmedabad sectors. As of now, 5/20 bars it... read more »
RBI’s Rajan takes his fight against crony capital further with his &#...
The Reserve Bank of India (RBI) under Raghuram Rajan has moved once again to end the cosy system of crony banking where politically-favoured borrowers can avoid paying their dues despite having the ability to do so. Without saying so, the RBI may also be trying to cut off the ability of wayward... read more »
HCL says strong dollar likely to hit revenue in December quarter
New Delhi: HCL Technologies Ltd, India’s fourth largest software services exporter, on Tuesday said the strengthening dollar against global currencies including the British pound, euro and Australian dollar is likely to have an adverse impact on the company’s revenues for the three months ended... read more »
