Private FM operators get relief
New Delhi: Several private FM licensees, who faced the prospect of forefeiting bank guarantees totaling around Rs 150 crore following failure to make operational their FM Radio channels, have got a reprieve from the union cabinet which granted extension of time for their licenses.

The cabinet decided to grant extension of eight months to licensees of Kolkata, Chennai and Delhi to enable them to set up permanent co-located facilities while extending permission to the Mumbai licensees by 24 months to set up such facilities.
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Forex reserves top $48-bn
Mumbai: India's foreign exchange reserves stood at an all-time high of $48.012 billion for the week ending on 21 December. Data released by the Reserve Bank of India on 29 December showed the reserves up $175 million from the previous week's $47.837 billion, entirely on account of a rise in the currency component of the reserves.
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Govt plans corporation for khadi & village industries
Bangalore: The government proposes to set up market and management corporation for the khadi and village industries. The proposal would be placed before the cabinet at the earliest for its approval.

The proposed corporation would provide support for the khadi and village industries products both in the domestic and overseas markets.
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