The recently approved Infrastructure Debt Fund (IDF) will be based on a tripartite agreement b/w developer, lender (bank) and the IDF. The decision has been taken to infusing greater funds into infrastructure development in the country. Loans by the banks would be refinanced by IDF so that the lenders have free funds for more lending.
As per the suggestions made by Financial Sector Legislative Reforms Commission (FSLRC), headed by former Justice B. N. Srikrishna, key regulators such as the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority (IRDA), the Pension Fund Regulatory and Development Authority (PFRDA) and the Forward Markets Commission (FMC) should be merged
India slipped to 7th position in the world Coffee production in 2011-12 from 6th in the previous year with a share of 4%. Brazil produced 33% of the world's coffee, followed by Vietnam (15.2%), Indonesia (6.3%) and Colombia (5.9 %). The Coffee Board has estimated 3,14,000 tons for the season in 2011-12, this includes 1,01,500
The Kelkar’s committee’s recommendations were made public by the government for an informal debate by the stakeholders. The committee has suggested bold reform measures. Kelkar Committe: A 3-member committee headed by the former Finance Secretary and 13th Finance Commission Chairman, Vijay L. Kelkar. Members: a) Vijay L. Kelkar b) Indira Rajaram and c) Sanjiv Mishra
The Prime Minister’s Economic Advisory Council Chairman, C Rangarajan, has opined to reduce the use of CRR and suggested that it should be used only in extraordinary circumstances. As per him, the need for using it reduces with the option of Open Market Operations (OMOs) already in place. Cash Reserve Ratio which is abbreviated as