Panel moots adjudicatory powers for TRAI The sub-group on telecom set up to strengthen the Telecom Regulatory Authority of India (TRAI) has recommended that TRAI be granted full adjudicatory powers in resolving disputes between the government and private telecom companies. Reserve Bank likely to cut bank rate Liquidity was comfortable during last week despite the outflow of Rs 5,000 crore on account of the issue of 11.83% 2014 security on Monday. Call rates tightened a bit on Monday but quickly declined to the 8% mark during the rest of the week. ICICI Bank may cut deposit rates even as peers stay put ICICI Bank is planning to reduce its term deposit rates this week in response to the cut in interest rates on public provident fund (PPF) and other small savings by the Centre on Friday. ICICI Bank shelves merger talks with Centurion Bank Tax rise may affect investments Inflation rate declines to 2.7 per cent Sri Lankan central bank sees 5% GDP growth ICICI to specify scrip codes on bond certificates
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