The HSBC services PMI rose to an eight-month high of 53.9 in February up from 52.4 in January indicating strong expansion in output across the sector.
In a bid to bring in reforms in the mining sector and enhance transparency, the government plans to auction minerals such as iron ore, bauxite and manganese, Parliament was informed.
The HSBC services PMI rose to an eight-month high of 53.9 in February up from 52.4 in January indicating strong expansion in output across the sector.
The Reserve Bank of India lowered its policy repo rate by 25 basis points to 7.5%, its second inter-meeting cut this year on the back of easing inflation and what it said was "weak state" of parts of the economy.
The Reserve Bank said the uncertainty surrounding global oil prices can have an adverse bearing on the inflation outlook though it will endeavor to bring it down to the target of 4% by 2016-17.
India's imports of thermal and coking coal jumped 31% in February from a year ago, as new power plants ramped up output, though purchases sank month-on-month on rising prices.
The biggest ever auction of 2G and 3G airwaves began on a high note with operators making bids worth an estimated Rs600bn after six rounds of bidding in all four bands.
In a bid to bring in reforms in the mining sector and enhance transparency, the government plans to auction minerals such as iron ore, bauxite and manganese, Parliament was informed. The HSBC services PMI rose to an eight-month high of 53.9 in February up from 52.4 in January indicating strong expansion in output across the sector.
The Reserve Bank of India lowered its policy repo rate by 25 basis points to 7.5%, its second inter-meeting cut this year on the back of easing inflation and what it said was "weak state" of parts of the economy.
The Reserve Bank said the uncertainty surrounding global oil prices can have an adverse bearing on the inflation outlook though it will endeavor to bring it down to the target of 4% by 2016-17.
India's imports of thermal and coking coal jumped 31% in February from a year ago, as new power plants ramped up output, though purchases sank month-on-month on rising prices.
The biggest ever auction of 2G and 3G airwaves began on a high note with operators making bids worth an estimated Rs600bn after six rounds of bidding in all four bands.
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