Piramal
Healthcare is set to buy the US based Decision Resources Group for 3,400 crore
($635 million). This marks the Group’s entry into the $5.7 billion healthcare
information management business.
Sunday, May 20, 2012
Independent member on GAAR panel
The
Government will have an independent member on the approving panel for the
General Anti-Avoidance Rules (GAAR). The approving committee will be headed by
Director General of Income Tax.
Banks told to give farmers smart cards
The
Reserve Bank of India has asked commercial banks, regional rural banks and
cooperative banks to issue smart cards/ debit cards to farmers under the
revised Kisan Credit Card (KCC) scheme so that they can access credit with
ease.
The
RBI has announced a new KCC scheme based on the recommendations of a working group
headed by Mr T.M. Bhasin, Chairman and Managing Director, Indian Bank.
The Scheme aims at providing adequate and timely credit for the comprehensive credit requirements of farmers under single window, with flexible and simplified procedure, adopting whole farm approach, including the short-term credit needs and a reasonable component for consumption needs, through Kisan Credit Card.
Read more...
The Scheme aims at providing adequate and timely credit for the comprehensive credit requirements of farmers under single window, with flexible and simplified procedure, adopting whole farm approach, including the short-term credit needs and a reasonable component for consumption needs, through Kisan Credit Card.
Read more...
Infrastructure Excellence Award for Tata Power
Tata
Power has been awarded the Infrastructure Excellence Award for its 4,000 MW
ultra mega power project in Mundra, Gujarat.
SAIL inks MoU with Mongolia to develop coal reserves
Steel
Authority of India Ltd (SAIL) has signed a memorandum of understanding (MoU)
with Mongolian Ministry of Mineral Resource and Energy to help Mongolia to
develop its coal reserves. Mongolia is the second such nation after Afghanistan
where SAIL plans to develop coal reserves.
Record NRI deposit in Indian Banks
Money that NRIs deposited to Indian banks tripled to a record $11 billion in 2011-12.
The average NRI deposit in the previous five years was $2.9 billion. The record
inflows came amid sharp depreciation of the rupee from 44.50 to a dollar to
51.10.
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