Tuesday, 5 November 2013

Economy news of the day

Foreign direct investment inflows into the services sector declined by 47.5% to US$1.19bn during the April-August period.

Policy makers are contemplating measures to lure more investment into government bonds, including higher limits for sovereign wealth funds and raising minimum investment limits for banks and insurance companies. (ET)

As onion prices continue to rule high in most retail markets despite best efforts, the government increased the Minimum Export Price of onions by another US$250 per tonne to US$1,150 per tonne to boost domestic supplies. (BS)

Foreign direct investment inflows into the services sector declined by 47.5% to US$1.19bn during the April-August period. The services sector had received FDI worth US$2.28bn in the same period last year, according to the data of the Department of Industrial Policy and Promotion. (ET)


India will have to start phasing out its textile subsidies soon to conform with the Subsidies Agreement of the World Trade Organisation, a US representative said at a recent meeting of the WTO Committee on Subsidies & Countervailing Measures. (BL)

No comments:

Post a Comment