Friday 12 July 2013

Economy news of the day

Finance Minister invited US firms to establish manufacturing plants in India, as he defended the economic policies as growth-oriented and WTO-complaint

The Union Cabinet approved the proposal to form a company — National Capital Region Transport Corporation Limited — to construct rail corridors in regions around the National Capital Region. (BL)

The rupee depreciation is likely to hurt the inflation fight and restrict the Reserve Bank from cutting its policy rates at the forthcoming monetary policy review by month end, says ratings agency Crisil. (ET)

Finance Minister invited US firms to establish manufacturing plants in India, as he defended the economic policies as growth-oriented and WTO-complaint. (ET)

The government has drawn up a plan to remove bottlenecks holding back investment in manufacturing at the state level, a move aimed at revitalising the flagging sector by aligning states’ approach with the long-term strategy of the Centre. (ET)

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