Fuel retail plans

New Delhi, Feb. 10: The government has allowed Reliance Industries and Mangalore Refineries and Petrochemicals to sell kerosene outside the public distribution system, petroleum minister Mani Shankar Aiyar said today. RIL and MRPL had been allowed to retail petrol and diesel but not to market subsidised kerosene and LPG.

UCB merger

Mumbai, Feb. 10: The RBI today said urban co-operative banks will have to first send basic merger proposals to state registrar of co-operatives and then it will also process these application to examine their feasibility.

Calcutta Port

Calcutta, Feb. 10: The Calcutta Port Trust today said its Haldia dock complex has handled a record cargo of 3.257 million tonnes in January, surpassing the previous record of 3.226 million tonnes in August.

Fiscal alert

New Delhi, Feb. 10: Proposing radical fiscal reform, Moody?s Investor Services and India Inc have warned that 10 per cent growth rate will not be attained without reining in the fiscal deficit.

A correction

In our story titled ?PwC awaits happy tidings?, we had erroneously mentioned that the Reserve Bank of India had advised non-banking finance companies not to hire the services of PricewaterhouseCoopers (PwC) for audit work. It should have read PriceWaterhouse & Co, the audit firm. PricewaterhouseCoopers is a consultancy. The error is regretted.