RBI sets up bankers' panel for forex export credit
The Reserve Bank of India (RBI) on Wednesday set up a `monitoring group of bankers' for close monitoring of the implementation of the revamped and simplified foreign currency export credit schemes, announced on February 28. The schemes govern bank sanctions of foreign currency export credit particularly for small and medium exporters at internationally competitive rates.

Policy on 100% FDI in housing to be announced soon
The doors of housing sector are likely to be thrown open soon for 100% foreign direct investment (FDI). At present, only non-resident Indians (NRIs) and companies promoted by NRIs are permitted to invest in the housing sector.

Duty rationalisation to aid electrical-part companies
The electrical-equipment industry will become competitive with the rationalisation of the duty structure in the budget. Hit by the lack of demand in the domestic market, it is now confident of getting buyers abroad.

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