Friday 2 January 2015

Top economic news of the day - January 02, 2015

The government raised excise duty on petrol and diesel by Rs.2 per litre each but retail pump rates will not be increased.

The Road Transport and Highways Minister has said that electronic toll collection system introduced in the country will help save Rs.880bn and cut waiting time at toll plazas significantly.

RBI extended the deadline for submission of applications for licensing of Small Finance Banks and Payments Banks to February 2 and clarified that a minimum capital of Rs.1000mn is must for setting niche banking entities.

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