ECONOMY / FE kitty will finance the proposed project
Infrastructure SPV is on way India is sitting on a huge forex reserve of more than $200 billion, one of the largest in Asia, and the debate on using this fund for improving infrastructure has been going on for quite some time.
FUND HOUSES EMBARK UPON RURAL MARKETING STRATEGY
No going easy on PAN, says Sebi to MFs Currently, a PAN card is mandatory for investing Rs 50,000 and above in a scheme. It was felt that several cash-rich investors were misusing the existing rules by investing just below Rs 50,000 per scheme in a multitude of mutual fund products.
OUTSOURCING / Study estimates $100 b market
India seen as new hub for finance accounting From 2007 onwards, the FAO will witness a phenomenal growth in view of its emerging importance and carry forward its size to over $100 billion in next 12 years time.
Vodafone Essar sets upon a new innings The reconstituted board of the new entity will have Mr Ravi Ruia of Essar Group as Chairman, Mr Arun Sarin, CEO of Vodafone, as Vice-Chairman and Mr Asim Ghosh as Managing Director.
Aircraft fleet in India to touch 1,000: study The study estimates that 15-20 per cent CAGR growth rate and increased in aircraft fleet including fleet renewal would require mammoth investments of US$ 2 billion and total aircraft fleet would have to reach 1,000 in later future.
High Tech Computer CEO Peter Chou (right) with Bharti Airtel Mobile Services Chief Marketing Officer Sanjay Gupta displaying the HTC touch mobile phones, in New Delhi, on Friday. AFP
The Karnataka Government is planning to send 250 legislators to China for a study tour. Will the tour help in the development of the State? We invite our readers to express their views in about 100 words. Responses may be sent to Deccan Herald, No 75, M G Road, Bangalore - 560001 or e-mail: editordh@deccanherald.co.in latest by 2 pm on Saturday.
A selection of responses will be published in Sunday’s edition. Photographs are welcome.
