Reserve Bank pins blame on corporates' fund diversion for mounting NPAs
The Reserve Bank of India (RBI) has said that diversion of funds by promoters for expansion, modernisation and setting up of new projects is the single largest factor responsible for the increase in banks' non-performing assets (NPAs).

Maharashtra cabinet clears seven mid-size LNG power projects
Maharashtra cabinet has cleared seven medium size liquid fuel-based power projects in the industrial estates run by the Maharashtra Industrial Development Corporation.

Council demands abolition of cess on ECL coal prices
Coal Consumers' Council, state government and the industry, has demanded abolition of cess on coal produced by Eastern Coalfields Ltd (ECL) to save the company and its 1,50,000 workers.

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