Indian banks should open 25% branches in unbanked areas: RBI
JAMMU, March 23 (Asia Pulse) - The Reserve Bank of India asked banks to comply with the prescription of opening at least 25 per cent of new branches in a year …
Other
Sri Lanka February tea output falls
Mar 22, 2012 (LBO) - Tea production in Sri Lanka in February 2012 fell compared with last year with much of the fall coming from low grown types harvested by …
Global financial crisis impacted India significantly: RBI
NEW DELHI, March 22 (Asia Pulse) - The Reserve Bank of India said the global financial crisis has impacted India significantly despite its sound banking system …
Indian service tax exemption to leave advertisers with surplus funds
NEW DELHI, March 21 (Asia Pulse) - Service tax exemption on advertising on media platforms, excluding TV and radio, could result in availability of up to Rs …
Sri Lanka set to suffer if wheat prices rise: ADB
Mar 19, 2012 (LBO) - Sri Lanka is one of the countries in South Asia whose poor would suffer if prices of commodities like wheat rise further, the Asia …
Indian market will buy over 1,000 new aircraft by 2030: Airbus
HYDERABAD, March 19 (Asia Pulse) - India will require 1,043 new passenger and cargo aircraft valued at US5 billion between now and 2030, according to a market …
India’s flip-flop on cotton exports hurting textile industry: Fitch
NEW DELHI, (Asia Pulse) - Rating agency Fitch said that India's partial lifting of a ban on cotton exports has led to uncertainty over prices and time of …
Sri Lanka tea trade warns of lower orders, prices
Mar 16, 2012 (LBO) - Sri Lanka's tea trade has warned that tea export orders and prices could fall in the months ahead as crops rise and consumption falls off …
Iranian traders default on US37mn payment to India
NEW DELHI, March 15 (AsiaPulse) - Two Dubai-based Iranian private traders have defaulted on payment of Rs 184 crore (US$36.8 million) to nine Indian rice …
Sri Lanka tea trade warns of threat to Middle East market
Mar 15, 2012 (LBO) - Sri Lanka's tea industry has called for urgent improvements in productivity and new markets to ride out volatility in major Middle Eastern …
India plans 2G spectrum auction
NEW DELHI, March 14 (AsiaPulse) - India's Department of Telecommunications plans to start auction of 2G spectrum by December 20 and allocate spectrum to …
Sri Lanka devaluation seen improving tea export margins
Mar 14, 2012 (LBO) - The fall in the value of the Sri Lankan rupee following a snap devaluation last year has helped tea exporters improve profit margins and …
Sri Lanka India venture commissions BOT waste treatment plant
Mar 11, 2012 (LBO) - Sri Lanka's Puritas (Pvt) Ltd, a unit of the listed Hayleys group and Veolia Water India, a part of a France based Veolia Water has …
Two Indian firms unite to make small tractor
NEW DELHI, March 8 (AsiaPulse) - Chennai-based Tractors and Farm Equipment Ltd (TAFE) has entered into an alliance with Captain Tractors Pvt Ltd (CTPL) to …
Volkswagen India sales down 8-pct in Feb
NEW DELHI, March 5 (AsiaPulse) - Car-maker Volkswagen on Thursday posted a 7.74 per cent decline in its sales in India at 6,529 units for February. The company …
Sri Lanka lines up bank credit to buy up paddy harvest
Mar 04, 2012 (LBO) - Sri Lanka has lined up 28.5 billion rupees in credit mainly from state banks to buy up an estimated 4. online pharmacy buy cymbalta with …
Sri Lanka Lankem retains A-/P2 ratings
Feb 28, 2012 (LBO) - RAM Ratings Lanka has confirmed Lankem Ceylon PLC™s long- and short-term corporate credit ratings of A- and P2. RAM Ratings Lanka has …
Adani group to invest $6b in overseas expansion
MUMBAI, (Asia Pulse) - India's diversified Adani Group said it will invest US$6 billion in overseas expansion by 2015, mainly in Australian mining and related …
Sri Lanka fisheries protection seen needed to maintain market access
Feb 24, 2012 (LBO) - Sri Lanka needs an effective fisheries protection programme to implement the sustainable policies that are required to ensure continued …
Sri Lanka over-fished by estimated 600 illegal vessels: report
Feb 19, 2012 (LBO) - The sea around Sri Lanka is facing the danger of being overfished by an estimated 600 illegal vessels a day, and marine reserves may have …