BackThe Mint Report for 18 May 2010
The Mint Report for 18 May 2010
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New Delhi: Troubled Bank of Rajasthan finally has a taker. It will merge with ICICI Bank in a deal worth Rs1,500 crore. Bank of Rajasthan is one of the country’s oldest private banks. But it got into regulatory trouble with Sebi and the RBI earlier this year, plunging it into a crisis.
India’s unique identification authority is now a step closer to collecting biometric information. The government has given the authority the green light to record the fingerprints and iris scans of people across the country. UIDAI chairman Nandan Nilekani says the approval is still only in-principal because a lot of issues need to be worked out.
The government is going to take a fresh look at fuel pricing next month. Finance minister Pranab Mukherjee is going to head a group of ministers that will consider the changes. The group is likely to consider an official report that calls for petrol and diesel to be deregulated. It’s also expected to consider letting government oil companies increase their prices for natural gas.
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