Sunday, February 19, 2012

Coach factory at Palakkad

The Union Cabinet on Thursday approved the setting up of a new rail coach manufacturing unit at Palakkad in Kerala to manufacture 400 coaches annually at an estimated cost of Rs. 550 crore.

Pakistan may be allowed to invest in India

The Commerce Ministry has proposed to the Finance ministry to exempt Pakistan from the Foreign Exchange Management Act (FEMA) regulations. Once the go-ahead comes, foreign direct investment from Pakistan will be possible through the Foreign Investment Promotion Board (FIPB).

Worth reading