Thursday, 1 August 2013

Economy news of the day

Finance Minister released additional funds of Rs 20bn in the form of interest sops for clearing dues and a rise in the rate of interest subvention.


The Home Ministry may vet all foreign direct investment (FDI) proposals beyond 49% across sectors for mandatory security clearance once the new FDI rules are approved. (BL)

The oil marketing companies have raised petrol and diesel prices by Rs0.7 a litre and Rs0.5 paise a litre (excluding taxes), respectively effective Wednesday midnight. (BL)

Finance Minister released additional funds of Rs 20bn in the form of interest sops for clearing dues and a rise in the rate of interest subvention. (BL)

The infrastructure sector’s output growth in June was a near-static 0.1% against 7.9% in June 2012, according to data issued by the ministry of commerce and industry. (BS)

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