RBI Raises Concern Over Rising Coal Import as Trade Deficit Widens

RBI Raises Concern Over Rising Coal Import as Trade Deficit Widens

After crude oil and electronics, coal has emerged as the latest headache for Indian policy makers battling with unfavourable balance of payments, prompting the Reserve Bank of India (RBI) to flag its concern over the rising dry fuel import, perhaps for the first time.

Railways’ Trainset Project Hits Red Flag Over Tender Criteria

Railways’ Trainset Project Hits Red Flag Over Tender Criteria

The department of industrial policy and promotion (DIPP) has raised red flags over the tender process of the Indian Railways’ Rs 2,700 crore trainset project – which has resulted in a single bidder outcome – and has sought clarification from the state-run transport on alleged deviations from the Modi government’s public procurement policy.

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