Watch on business sentiment

New Delhi, May 6: The corporate affairs ministry is in the process of bringing out a business confidence index, which will be an indicator of optimism of business managers in the country, sources said. Details of the index such as sample size, parameters and the duration of survey are being looked into, they added. The index will help to measure the business sector’s perception based on the political and economic situation.

Sovereign fund

New Delhi, May 6: The government will hold a meeting on May 9 to decide on setting up the proposed Sovereign Fund of India that can be used, among other things, to buy overseas assets for the benefit of the state-owned companies.

Travel agents

Hyderabad, May 6: The Travel Agents Association of India (TAAI) has expressed concern over the International Air Transport Association’s (IATA) move to remit ticket sale proceeds to airlines every week, which is likely to cripple the travel agents financially.

RBI move

New Delhi, May 6: The Reserve Bank of India has decided to include a third-party consultancy firm to help it incorporate global best practices in its supervisory role and prepare the risk ratings for various banks in the country.