NQE for 3 textile items abolished
Abolition of the non-quota entitlement (NQE) system for yarn, fabrics and made-ups and retention of the new investor entitlement category for garments and knitwears with stringent conditions.

Smart card -- RBI to restrict cash drawals
The Reserve Bank of India has finalised guidelines for alternate payment solutions and is expected to announce them within the next couple of days.

FIs to chip in funds to meet disinvestment target
The financial institutions have assured the government of picking up the shares of public sector undertakings that go for disinvestmnet to enable the government to meet the Rs 10,000 crore target in the current fiscal.

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