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View Article  Govt allows 49 pc FDI in ARCs

Continuing its banking sector reforms, government today decided to permit FDI upto 49 per cent in Asset Reconstruction Companies which buy out non-performing assets of banks now at over Rs 60,000 crore.

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View Article  Rs.100 crores for Vision 2010 projects

Finance Minister Vakkom Purushothaman said here on Tuesday that Rs.100 crores would be allocated for Vision 2010 projects this year. Replying to questions at a press conference here.

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View Article  India to divest profitable PSUs

The government is looking at disinvesting small portion of equity in profit making public sector enterprises other than the `navratnas', Finance Minister P Chidambaram said today.

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View Article  Core growth depends on pvt funding, says FM

Underlining the need for public private partnership in the field of infrastructure, finance minister P Chidambaram said that India requires huge investment in the field, which the budgetary resources of the government may not be able to meet on its own.

Click the following link http://ww4.6URL.com/050N to read the complete article.