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GMR achieves financial closure of 1,050 Mw thermal plant
GMR Kamalanga Energy owned by GMR Energy of GMR Group, an infrastructure developer has achieved financial closure for its 1,050 Mw thermal power project being set up at Kamalanga Village, Dhenkanal District in Orissa.

'Teaser home loan rates pose payment shocks'
The teaser home loan rate, the interest rate which is set artificially low for the initial period, could give a ‘payment shock’ to borrowers as the equated monthly installment (EMI) shot up on lenders charging regular interest rates, according to Fitch officials.

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Chandrayaan-1 was 110% success, says ISRO chief
A day after the path-breaking revelation by the international scientific community that India"s maiden mission to the moon, Chandrayaan-I has succeeded in tracking presence of water on the lunar surface, ISRO chairman G Madhavan Nair today said that the mission was 110 per cent success.
Public Relations

RBI review in line with govt thinking: FM

Finance Minister Pranab Mukherjee today said the RBI"s move to keep almost all rates unchanged is line with the discussions he had with the apex bank"s governor and the government"s thinking on fiscal and monetary policies. - Capital inflows lessen external sector blues - Hike in SLR not to have significant impact, say top bankers - GDP likely to grow by 6.5-6.75%: FM - Interest rates likely to stay stable for 3-4 months: Bankers - RBI gives positive signal to economy: Fin Secy - RBI moves to contain inflation without hurting growth "I had a discussion with the Governor RBI a few days back. We had discussions there would be no change in the rates and there has not been any substantial change," Mukherjee told reporters after the monetary review. The RBI kept key rates unchanged, while hiking Statutory Liquidity Ratio (SLR), the deposits that commercial banks are to park in government securities, by one percentage points to 25 per cent. Mukherjee said," Of course the assessment of the RBI on the whole the policy, which has been announced is in conformity with the government"s own thinking of both fiscal policy and monetary policy."


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