Parliament Panel Recommends Jail Term for Defaulting Builders Under proposed new law, a jail term of up to three years or a penalty of up to 10% of project cost or both can be imposed on a builder in case of defaulting.
Uber Plans to Invest $1 Billion in India: Report Amit Jain, president of Uber India, said the company was "extremely bullish" on the Indian market and that it continues to see a 40 per cent monthly growth.
Moody's Backs Rajan, Warns Against Curbing of RBI's Autonomy Currently, the RBI governor consults an advisory committee, but does not necessarily go by the majority opinion while deciding on interest rates.
• RBI to Hold Rates Next Week, Cut Seen by Year-End: Poll

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