RBI to mandate NBFC registration with SRO
Registration of non-banking finance companies with the proposed self- regulatory organisation (SRO) and the Reserve Bank of India will become mandatory once the norms for SROs are finalised by the respective industry associations.

Revised ID Act to allow closure freedom
In a major policy initiative, the government is slated to modify the Industrial Disputes (ID) Act to allow factories to close down without prior permission and, at the same time, substantially boost the compensation package to workers for loss of jobs.

Govt should pick up stake in core projects: CII
The Confederation of Indian Industry (CII) has suggested that the government should use its scarce resources to pick up equity in selected infrastructure projects. CII has stated that the government's role in the growth of infrastructure sector is crucial.

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