Indian newspapers carried the following stories in their print or Web editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
* The Reserve Bank of India is set to deregulate all lending rates in the next fiscal year, starting April. It has in-principal agreed to free administered rates on loans to exporters, agriculture and small industries. At the next stage, it may even deregulate savings deposit rates.
* The World Bank, which is close to a $1.8 billion loan deal with the Indian Railways for the eastern stretch of the dedicated freight corrdior project, will start global procurement process to select contractors to initiate work on the project soon.
* IFCI Ltd (IFCI.BO: Quote, Profile, Research) wants to convert itself into a holding company, which in turn would float several companies including a bank, an insurance company and a mutual fund.
Source : http://in.reuters.com/article/domesticNews/idINSGE61702J20100208
* The Reserve Bank of India is set to deregulate all lending rates in the next fiscal year, starting April. It has in-principal agreed to free administered rates on loans to exporters, agriculture and small industries. At the next stage, it may even deregulate savings deposit rates.
* The World Bank, which is close to a $1.8 billion loan deal with the Indian Railways for the eastern stretch of the dedicated freight corrdior project, will start global procurement process to select contractors to initiate work on the project soon.
* IFCI Ltd (IFCI.BO: Quote, Profile, Research) wants to convert itself into a holding company, which in turn would float several companies including a bank, an insurance company and a mutual fund.
Source : http://in.reuters.com/article/domesticNews/idINSGE61702J20100208
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