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RBI leaves repo rate, CRR unchanged
The Reserve Bank of India leaves key rates unchanged in its monetary policy today (December 02, 2014) RBI monetary Policy – Status quo on rates, dovish tone on inflation Repo rate unchanged at 8%. CRR rate remains unchanged at 4%. Inflation projection revised downwards to 6% from 8% earlier.RBI  sees inflation risks even balanced compared to upward risks in earlier policy statements. Change in monetary policy stance likely in the next year.

IRB Infra gains on certification for Amritsar project
 IRB Infrastructure Developers rose over 2%, touching to Rs275.9,  after the company said it has received provisional certificate by the Competent Authority effective November 27, 2014.The Pathankot Amritsar BOT (Build-Operate-Transfer) Project is implemented by its wholly-owned special purpose vehicle of the Company viz. IRB Pathankot Amritsar Toll Road Pvt. Ltd (SPV).The project involves four-Lanning of Pathankot to Amritsar Section of NH-15 from Km.6.082 to Km. 108.502 in the State of Punjab under NHDP Phase III on BOT (Toll) Basis.

Govt hikes excise duty on petrol, diesel
India  raised factory gate duties on petrol by Rs2.25 ($0.04) per litre and on diesel by Rs1 rupee per litre with immediate effect, the finance ministry said in a statement to parliament.
The increases, which follow similar hikes in mid-November, seek to take advantage of a slump in world oil prices to shore up government revenues without stoking inflation.

MOIL gets approval of mining lease for manganese ore in MP
MOIL announced that Government of India, Ministry of Mines has granted approval of Mining lease for manganese ore over an area of 48.974 Ha land in Village Lugma, Tehsil Baihar, Dist. Balaghat (MP) in favour of MOIL. MOIL has received a communication in this regard from Mineral Resource Department of Govt. of Madhya Pradesh. The said area falls under Ukwa Mine of MOIL. Now, the Company will take necessary steps, as may be required, for execution of the mining lease with the Govt. of Madhya Pradesh.

NBCC secures PMC work costing Rs1850 cr
National Buildings Construction Corporation (NBCC) has announced that NBCC has secured PMC work for construction / improvement / maintenance of roads at Miao- Vijaynagar (Arunachal Pradesh) costing Rs1850 crore.

Auto volume sales November 2014: Commercial vehicles shine
The medium & heavy commercial vehicles (MHCV) was the outperformer for the month with all players reporting a strong growth in volumes (Ashok Leyland up 92%, Tata Motors up 39%).In the passenger vehicle segment Maruti, Hyundai, Tata Motors and Honda reported a strong growth in volumes largely aided by new model launches, while M&M, Ford and General Motors were the laggard.In the two wheeler segment, TVS Motor continued to report a strong growth in volumes while growth rate for Hero MotoCorp fell to single digits due to the high base of last year.

NHAI receives 15-16 bids for BOT project
NHAI has received 15-16 bids from private companies for expansion of the Delhi-Panipat expressway at a cost of around Rs2,000 crore. The request for proposal (RFP) would be invited soon and the award of project would follow. The expressway is to be widened further to have 12 lanes, including the service roads, under the BOT model.Though there have been award of a few projects under the BOT model in the current financial year, this is the first big project where NHAI has received bids from a number of private parties. It seems private players have again started showing interest in the roads sector, after a lull of two or three years.

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