Thursday, July 14, 2011

Corporate Snippets

±  India's fuel demand may rise 3.8 percent in 2012 led by diesel and gasoline:  International Energy Agency. (ET)
±  After suggesting prescription for direct transfer of fuel and fertiliser subsidies, the Nandan Nilekani task force will now come out with measures to reform the crumbling public distribution system (PDS) that will involve direct transfer of food and kerosene subsidies. (ET)
±  With revenues under pressure and market conditions not favouring disinvestment, the Finance Ministry is putting pressure on the Telecom Department to go in for a fresh round of broadband spectrum auction this fiscal. (BL)
±  Worried over industrial slowdown and sluggish growth, Indian Inc today asked the government to announce policy measures to boost manufacturing sector and urged the RBI to refrain from further hiking the key interest rates. (FE)

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