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The Indian government's Cabinet approved opening coal mining to private firms for commercial sale, ending state-owned Coal India's monopoly. A committee led by Y H Malegam was set up to examine asset classification and rising frauds, and the RBI said it had cautioned banks about SWIFT misuse.
Bids for Essar Steel from ArcelorMittal and Numetal were recommended for rejection.
The coal reform is aimed at raising domestic output and cutting imports, which has limited direct relevance to feed grain or protein prices. The banking measures may affect trade finance conditions.
moneycontrol.comFeb 20, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
