Tuesday, 30 December 2014

Top economy news of the day - December 30, 2014

Government approves ordinance to ease land acquisition; Amendment to do away with requirement of social impact assessment, consent of 70% landowners for PPP projects in infrastructure.

The government is likely to allow power companies to swap coal supplies with the nearest source to save costs and decongest the rail network.

The government is examining a proposal to tweak the newly approved gas price formula to bring in a cap with the aim of protecting consumers from volatility in the international market.

The cabinet cleared an ordinance ushering in major changes in arbitration and conciliation law, which would make settlement of contractual disputes between foreign companies and their Indian partners easier.

RBI report says inflation to stay around 6% in next 12 months.

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