Smadja sees fiscal deficit at 7%
Painting a gloomy picture of the Indian economy, World Economic Forum (WEF) managing director Claude Smadja has said that the current financial year might close with a fiscal deficit of 7% of the GDP, against the targeted 5.6%.

Ministry asked to draw up Airports Authority corporatisation blueprint
The prime minister's office has asked the civil aviation ministry to prepare a blueprint for corporatisation of the Airports Authority of India (AAI) and also a regulatory framework to facilitate entry of private sector.

Ministry plans to merge regional rural banks into single state units
The finance ministry has decided to amalgamate different units of regional rural banks (RRBs) of each sponsor banks functioning in each of the 23 districts in the country into single state RRBs of the respective sponsor banks. Later, all the state RRBs of all the sponsor banks will be merged into single state units.

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