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A Reserve Bank of India committee suggested that the Benchmark Prime Lending Rate (BPLR) system should be replaced with a base rate mechanism to introduce greater transparency in pricing of loans given by banks.
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Union Finance Minister Pranab Mukherjee launched the National Skill Development Corporation (NSDC), a
unique PPP (public-private partnership) enterprise which has been
mandated to skill 30 per cent of the overall target of 500 million
people by the year 2022
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Merger talks between emerging markets giants
Bharti and MTN have been called off, after the two firms failed to
convince the South African government – MTN’s biggest shareholder on
the benefits of the deal.
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Reliance Communications introduced a new plan whereby customers can make all calls at 50 paisa a minute.
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The Center and AP Govt. has made agreement to start Petroleum, Chemical and Petrochemical Investment Region (PCPIR) between Kakinada and Visakhapatnam.
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The Prime Minister’s Economic Advisory Council (PMEAC) projected a GDP (gross domestic product) growth of around 6.5 per cent for
the current fiscal. At this level, it would be lower than the 6.7 per
cent growth in 2008-09 and this would be mainly owing to a likely
decline in farm output.
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Industrial growth touched to a 22-month high at 10.4 percent in
August this year. The Index of Industrial Production (IIP) figures
showed that while the manufacturing sector grew by 10.2 per cent during
August 2009, the growth in electricity generation was even higher at
10.6 per cent, and the mining sector topped them both with a growth of
12.9 per cent.
