Mumbai, Jan. 15: Establishments from Hong Kong and Macau will require the prior approval of the Reserve Bank to set up business or related activities in India. “Accordingly, applications from entities registered in/residents of Hong Kong and Macau, for establishment of liaison/ branch/project offices or any other place of business by whatever name called shall require prior approval from the RBI,” the central bank said.
Greater Noida, Jan. 15: Oil and Natural Gas Corp (ONGC) plans to hire an international consultant to study the feasibility of developing about a dozen discoveries at a Krishna Godavari basin block off the east coast.
New Delhi, Jan. 15: The cabinet committee on investment has cleared Reliance Power’s Tilaiya mega power project in Jharkhand, sources said. RPower, according to them, may not have to provide non-forest land to compensate for the loss of forest land acquired for the proposed plant.
