In his address at a conference of state secretaries, Rajan stressed the need to strengthen state-level coordination committees by ensuring participation, conducting meetings more frequently and sharing quality information among all stakeholders, including state government agencies.
The losses are primarily because the venture operated only for 18 days in June, with only two flights.
The three-month deadline for the finance ministry to take a decision on the recommendations of the commerce ministry has ended this week.
Higher power tariff would have fetched Tata's Mundra UMPP Rs 25,000 crore (Rs 250 billion) and Adani's project an additional Rs 18,500 crore (Rs 185 billion)
The Competition Commission of India (CCI) on Monday slapped a penalty of Rs 2,545 crore on 14 top carmakers of the country for violating trade norms in the spare-part andafter-sale service market.
The report said forward-looking surveys and economic indicators along with rising business confidence provided hope that the decline in private corporate investment 'could be arrested' in 2014-15 and fresh investments of over Rs 1.2 lakh crore (Rs 1.2 trillion) 'could be realised'.
UB Group Chairman Vijay Mallya's grip on United Breweries slipped further on Thursday, after lenders to UB Group companies offloaded a part of the stake in Kingfisher beer that was pledged to them.
ASCI has released norms for fairness creams, saying these would go a long way in ensuring ads do not discriminate against people with dark skin.
IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year.
Oil firms' borrowings could fall by up to Rs 15,000 cr, govt's subsidy bill by 12% .
ICICI Bank, the country's largest private sector lender, has introduced an equated monthly instalment (EMI) option for its customers on debit card purchases.
The company declined to disclose the names of the firms it was acquiring as the regulatory clearances and some negotiations are still in process.
The two parties -- the Centre and Vodafone -- have sought a few more weeks to decide on the matter.
LIC, ICICI Bank, PNB to have nominees on board; firm asked to sell non-core assets.
Company will be engaged in the manufacturing, distribution, marketing and retailing of waste to bio-diesel, a non-petroleum based fuel.
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Says high inflation has to be reversed to achieve sustainable GDP expansion.
Largest deal in thermal power space; Lanco to use proceeds to lower debt.
Company says that this is a long-term plan as it continues to evaluate options.
According to him, since India has a low fiscal deficit, a low current account deficit and lower inflation, there is no need for being too dependent on foreign money for growth.
Global brokerage Nomura has increased its one-year target of benchmark BSE Sensex to 30,310.
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