Wednesday, 31 July 2013

Economy news of the day

The Government is working on a scheme that will put mobile phones in the hands of rural folks.

India's logistics sector is likely to cross the US$200 bn by 2020, Minister of State for Road Transport Sarvey Sathyanarayana said today. (ET)

In what could be Governor D Subbarao’s last monetary policy review, the Reserve Bank of India (RBI) maintained the status quo on repo rate and cash reserve ratio (CRR) — leaving those unchanged at 7.25 % and 4%, respectively. However, its unexpectedly dovish tone led to the rupee’s slide — to 60.49 a dollar.(BS)

Govt may ease FDI norms in multibrand retail this week. (BS)

The Government is working on a scheme that will put mobile phones in the hands of rural folks. (BL)


The government asked the agrochemicals industry to invest in research and development (R&D) activities, so that it could remain globally competitive. (ET)

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