Business

The report said countries like Austria, Bhutan, and many others have a system by law for political parties to pro-actively disclose their financial information.

This is the fifth increase in rates since June, as falling rupee made oil imports costlier.

The rupee breached the 68-mark on Wednesday to close at an all-time low of 68.72 against the US dollar.

Guru's resignation comes on the heels of at least two directors on the five-member board of NSEL quitting.

The country's creaking infrastructure has been unable to support its cities' rapid growth.

Given the present fragile market sentiment, the underlying improvements in India's current account may go unnoticed, it said.

The latest move comes against the backdrop of rising instances of fraudulent money pooling activities in West Bengal.

The rupee On Monday opened higher by 41 paise at 60.47 per dollar as against Thursday's closing price of 60.88.

Government has approved gas pricing based on the Rangarajan Committee suggestions which will be applicable from 2014.

Major losers were Infosys, Bajaj Auto, HDFC Bank, HeromotoCorp, ITC, Larsen and Toubro, Mahindra and Mahindra and Tata Consultancy Services.

The rupee dropped to a record low of 61.80 against the dollar on Tuesday and recovered to end with an 11-paise gain at 60.77.

The Sensex opened 119.03 points up at 19436.22, and the Nifty adds 33.35 points at 5761.20.

The idea behind increasing the FDI limit in the telecom sector is to help the industry get fresh funds to lower financial burden.

One of the measures that is likely to be discussed is allowing stores to be opened in cities with a population less than 10 lakh.

Subbarao said that the central bank is still studying the Bill's proposals and is yet to quantify the implications of the ambitious programme.

Walmart had been trying to facilitate its entry into the Indian market from the past 5 years.