Wednesday, November 10, 2010

Corporate Snippets

±  The National Bank for Agriculture and Rural Development sanctioned Rs580mn across the state under the Rural Infrastructure Development Fund (RIDF). (BS)
±  The government said it has sought US$3bn assistance from the World Bank for converting 3,770 km of single lane national highways into double lanes. (ET)
±  Remittance flows to developing countries including India is expected to reach US$325bn by the end of this year and is likely to exceed to US$370bn in two years' time, the World Bank says. (ET)
±  Mining entities would have to share 26 per cent of their profits earned from mining operations with the affected local population in a mining area, as part of a new legislation. (BL)
±  The Railways is planning to spend around Rs2bn for the development of infrastructure in and around Mangalore. (BL)
±  Tea exports from India increased by 5% during the January-September period of the current year to 143.5mn kg. (ET)

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