Tekes is a non-profit organisation under ministry of employment and economy, Finland. It funds companies for innovative R&D and business opportunities. It also helps companies in networking with global players. Tekes has an annual budget of euro 600 million and has targeted at increasing Finnish renewable energy business through capacity building for international competitiveness by developing new skills and networks. Tekes is looking forward to Indian companies launching projects in Finland and vice-versa for Finnish companies.

Vasathi Group, a recent entrant to the construction arena, is readying its Vasathi Anandi, a gated community at Ba­ndlaguda near the Andhra Pradesh Police Academy in Hyderabad.
The project is

The government has decided to redraft the National Food Security Bill to keep an option open for supplying more than three kilograms of subsidised foodgrains to general households in case

The finance ministry has taken an ‘in principle’ decision to form a holding company which will raise funds abroad and infuse fresh capital in state- run banks, including State Bank of India (SBI).

The centre is considering an increase in the limit on the money foreign institutional investors (FIIs) can put in government bonds.

India and China will aggressively pitch for inclusion of the yuan (renminbi) and the rupee in the special drawing rights (SDR) basket of currencies with International Monetary Fund (IMF).

There could be one-off deal between RBI and government in which the central bank may cut CRR or SLR to inject liquidity in the banking system to help carry forward the disinvestment programme, a government official said.

The mining sector may come under a regulatory authority. The centre is convening a meeting of ministers of mines of states next month to consult them on the plan. This follows the mining scams in Karnataka and the Supreme Court’s intervention.