Monday 12 August 2013

Top economy news of the day

Good monsoon has brought some respite to the power sector as the peak power deficit for the month of July dropped to 4.5 %from 5.8 % in June

With public sector banks showing a marked increase in bad loans, the Finance Ministry has asked these banks to diligently conduct quarterly inspection of units/enterprises jointly financed by them.(BL)

The Reserve Bank will soon set up a high-level panel of eminent experts from the banking and financial sector to screen applications of 26 aspirants for new banking licences.(ET)

Good monsoon has brought some respite to the power sector as the peak power deficit for the month of July dropped to 4.5 %from 5.8 % in June.(ET)

India imported over 2 mn tonnes (MT) of urea in the first four months of this fiscal worth US$ 614 mn to meet domestic demand, which is expected to further rise on good monsoon. (ET)

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