Mumbai, April 28: The foreign exchange reserves grew for the second consecutive week, rising $1.46 billion to $294.60 billion on the back of a rise in the core foreign currency assets. Total reserves had risen $213 million to $293.14 billion in the previous reporting week. Foreign currency assets, a major component of the forex reserves, rose $1.45 billion to $260.21 billion for the week ended April 20, the Reserve Bank of India said in its weekly report today.
New Delhi, April 28: A high level inter-ministerial panel today decided not to review the earlier decision allowing Reliance Power to use excess coal from the Sasan UMPP mines for its another project. An empowered group of ministers on the ultra mega power projects, headed by finance minister Pranab Mukherjee, decided not to review the past decision after taking legal opinion from the attorney-general G.E. Vahanvati.