Country to focus on regional markets as demand from US and EU falls.

Most of the ‘cost of doing nothing’ is due to the inefficiency at state-owned firms.

IPPs to make presentation before the panel today.

Special cabinet panel meets to grasp the scope of crisis before proposing solutions.

Planning Commission undertaking ‘rationalisation exercise’.

Cabinet panel decides to sell entire stake in National Power Construction Corporation, Heavy Electrical Complex.

Of the Rs11 billion about Rs6 billion will be arranged as loans from commercial banks backed by a sovereign guarantee

Estimates to be based on economic growth, inflation, audit and new taxpayers.

Lenders term fiscal framework ‘irrelevant’; deficit likely to hit 5% of GDP in 2012.

Tax body rejects companies’ request to get accounts audited by external auditors.