We are expecting the approval on the UDF from Ministry of Civil Aviation by the end of this month, and will implement it as soon as we get the approval," said A Viswanath, Chief Commercial Officer of RGIA. The RGIA
With high inflation not expected to abate this year, a senior IMF official said the RBI should further tighten money supply to minimise the ripple effect of price rise.
With inflation showing no signs of cooling off despite the array of fiscal and monetary measures employed by the Centre, the government is set to operationalise the CTT 'sooner, rather than later.' This is a U-turn on its earlier stance
The government's proposed massive subsidy-backed bio-fuel programme is soon likely to be a reality, as the EGoM headed by the Union agriculture minister, Sharad Pawar is slated to finalise it on July 9.
The falling equity market, leading to erosion in the assets under management (AUM), has forced the MF industry to enhance its exposure in the debt market since the beginning of the current calendar year.
The Samajwadi Party, reaffirmed its commitment to support the 'secular' government at Centre, as PM Manmohan Singh is all set to talk nuclear deal with US President George Bush at the sidelines of the G-8 summit in Japan.