Dec 19, 2012
Morning News -Economy 19 dec
Banking Bill passed by Lok Sabha: 5 facts
New Delhi | December 18, 2012 23:46 (IST)
In the works since around 2005, the amendments proposed in the Banking Laws Amendment Bill, 2011, have been passed in the Lok Sabha. The amendments pave the way for the Reserve Bank of India (RBI) to issue new bank licences, and also opens door for more foreign investment into the sector. Here are five facts about the Bill:
Lok Sabha passes revised Companies Bill, to improve governance and transparency in India Inc
New Delhi | December 18, 2012 21:55 (IST)
The Lok Sabha today passed the Companies Bill, with the government saying the aim is to protect interest of employees and small investors while encouraging firms to undertake social welfare voluntarily.
Banking Bill passed by Lok Sabha: Who said what
New Delhi | December 18, 2012 20:03 (IST)
Corporate India today welcomed the passage of the Banking Amendment Bill, which aims at drawing foreign investment to the banking sector by increasing shareholders' voting rights, among other things.
9-10 per cent GDP growth possible if manufacturing accelerates: Planning Commission
Mumbai | December 18, 2012 19:19 (IST)
Indian economy can grow at 9-10 per cent by the end of the 12th Five Year Plan if the coordination and collaboration of stakeholders accelerates the manufacturing sector by 2-4 per cent, Planning Commission member Arun Maira today said.
Lok Sabha passes Banking Bill, clears way for new banking licenses
New Delhi | December 18, 2012 19:03 (IST)
The Lok Sabha today passed the Banking (Amendment) Bill, aimed at attracting more foreign investment into the banking industry in yet another move by Prime Minister Manmohan Singh to open up Asia's third-largest economy.