Wednesday 31 December 2014

Top economy news of the day - December 31, 2014

RBI hints high rates to continue | No differences:

FDI proposals worth Rs350mn get nod.

Power ministry cancels UMPP bidding; new bid document soon.

Excise duty cuts on consumer durables, cars end today.

Petrol and diesel may get cheaper from midnight.

FinMin for easing of FDI norms in pharma sector.

Finance Minister Arun Jaitley might look at higher dividend from public sector undertakings (PSUs) compared to last year.

Govt allows post offices to issue ATM cards and account statements at select branches.

Fund-raising by Indian companies through retail issuance of non-convertible debentures (NCDs) plunged 58% to about Rs73bn in the first nine months of the current fiscal.

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