Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

IMG on FDI policy to meet today

Feb 20 2014, 04:24 IST
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SummaryThe PMO has set up an inter-ministerial group (IMG) headed by the industry secretary to simplify the language of the policy on FDI.

The PMO has set up an inter-ministerial group (IMG) headed by the industry secretary to simplify the language of the policy on FDI. The group, headed by Department of Industrial Policy and Promotion (DIPP) secretary Saurabh Chandra, will hold its first meeting tomorrow (Thursday), an official said.

"Last month, the PMO constituted the IMG to further simplify the language or structure in the text of the FDI policy. It will help investors in understanding our policies," the official added. Besides the DIPP, officials from the finance and other ministries would be part of the IMG.

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