Friday, 26 December 2014

Top economy news of the day - December 26, 2014

PMO pushes ministries to insurer mechanism for faster clearances by end of March.

PM rules out privatization of railways.

Government to link 55000 villages with mobile network in two years.

The power ministry's decision to nominate state-run Power Grid Corp to implement eight transmission projects worth Rs360bn instead of inviting competitive bids has come as a jolt to private companies.

Finance Minister Arun Jaitley will meet state finance ministers today to get their views on the forthcoming budget.

The government has hiked import duty on both crude and refined edible oil by 5%.

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