The civil aviation ministry has found that Delhi International Airport Limited (DIAL) is deviating from the prescribed norms on usage of money collected as Passenger Security Fund (PSF) from customers and meant for security-related expenditure at the capital's airport.
He acquired global fame, and the attention of world leaders, by championing the cause of private property rights as an instrument for poverty alleviation in the developing world Bill Clinton once called him the world's greatest living economist.
What has the Reserve Bank of India (RBI) done? The RBI has introduced a new benchmark that banks will have to adopt from April 1, 2010. Called the base rate, it replaces the older benchmark known as the BPLR (benchmark prime lending rate).
The country's largest telecom operator Bharti Airtel's $10.7-billion offer for buying the African assets of Kuwaiti telecom firm Zain has been accepted by the latter's board on Sunday, according to reports of the Kuwait state news agency.
Companies with strong business models, large cash flows, and low levels of leverage will continue to do well even in a rising interest-rate environment, says T.P. Raman, managing director, Sundaram BNP Paribas Mutual Fund in an interview with Sanjay Kr Singh.
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