Reserve Bank lets loose strings on finance companies' deposit mopup
The Reserve Bank of India (RBI) has further relaxed deposit-taking norms for the non-banking financial sector. The central bank has allowed leasing and hire-purchase companies without credit ratings to access public deposits up to 1.5 times their net owned funds (NOF) or Rs 10 crore.

CII-Ascon outlook positive for several industrial sectors
The CII-Ascon survey has projected a positive outlook for several industrial sectors including steel, sugar, tea, consumer electronics and durables, auto components, pulp and paper, processed food, fertiliser, drugs and pharmaceuticals and telecom equipment over the next six months.

100% foreign equity plan in roads, ports cleared
The union cabinet has okayed automatic approval of foreign equity up to 100% for undertaking construction and maintenance of roads, highways, bridges, toll roads and vehicular tunnels as also ports and harbours.

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