Government approval would be needed for any additional amount beyond this limit. PSUs in agriculture, mining, manufacturing and electricity sectors having a three-year record of making net profits are eligible under this policy. The Ministry of External Affairs and Indian missions abroad would be associated right from the beginning of the process for a buyout.
Inflation developments have been driven by high energy prices and increases in indirect taxes – which have been one element of well needed fiscal consolidation plans As we had forecast consistently throughout 2012, inflation rates have since declined rapidly standing at 1.7% in March this year. The Governing Council remains strongly committed to its price stability mandate.