NSE trade on city bourse

Calcutta, Sept. 11: The ailing Calcutta Stock Exchange has finally received approval from the Securities and Exchange Board of India for its members to share the National Stock Exchange’s trading platform. “We have received Sebi’s approval for NSE trading and we are working on a rollout as soon as possible,” Calcutta Stock Exchange chairman Dipankar Chatterji said.

Bank licence

New Delhi, Sept. 11: The RBI is likely to issue the final guidelines for bank licences to corporate houses only after Parliament approves the Banking Laws (Amendment) Bill, 2011. The final guidelines will be released only after the necessary amendments to the bill, which seeks to give more regulatory powers to the RBI, sources said.

Mines bill

New Delhi, Sept. 11: The new mines bill, which provides for sharing of profits and royalty with project-affected people, is likely to be introduced in the winter session of Parliament, mines secretary S. Vijay Kumar said.

Urea decontrol

New Delhi, Sept. 11: Inter-ministerial differences persist over freeing of urea prices from government control, with strong opposition to the move coming from ministries of agriculture and fertilisers, sources said.

Coal demand

New Delhi, Sept. 11: The Planning Commission has estimated the country’s coal demand to go up to 1,000 million tonnes (mt) by the end of the 12th Plan period (2012-2017), necessitating over 200mt imports.