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Business Standard / New Delhi September 24, 2009, 0:57 IST generic levitra

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India's growing economy to fuel oil demand: Opec
The Organisation of Petroleum Exporting Countries (Opec) has projected that a rise in India’s gross domestic product (GDP) would lead to increased oil consumption next year. India oil demand was not affected by the economic crisis in 2009, and next year’s oil usage is forecast to grow further. All sectors are seeking more energy and new vehicle registrations are expected to continue the fast growth of 2009. These factors would push up oil demand by 15 per cent, making it the fastest growing product in terms percentage rise, Opec said.

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CRR may be used to drain excess liquidity, says Rangarajan
Raising banks’ cash reserve ratio (CRR) might be one of the tools to be used by the Reserve Bank of India (RBI) to suck out excess liquidity in the banking system, Chairman of Prime Minister’s Economic Advisory Council C Rangarajan today said.
International Business

BEML to produce stainless steel wagons

BEML Limited, a Mini Ranta Category-I Public Sector under the Ministry of Defence and Steel Authority of India, a Navaratna Company under the Ministry of Steel have signed a Memorandum of Understanding for supply of stainless steel. - Maytas Infra says ministry has asked PGCIL to release funds - Road construction works under PMGSY unsatisfactory: Minister - Next decade will be of infra: Nath - NHAI to build 20 km a day within next 18 months - Hi-Tech Infra to invest Rs 600cr in Coimbatore SEZ - PM to head Cabinet Committee on infrastructure Under the MoU, BEML will associate with Salem Steel Plant (SSP) for design, development and supply of 100 Tonne Stainless Steel Wagons to Indian Railways. These wagons will be manufactured according to the design and specifications approved by RDSO. In this venture, SSP will supply total stainless steel material and BEML will produce wagons. The production of stainless steel wagons will be taken up at the Bangalore Complex of BEML.


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