Wednesday 7 January 2015

Top economic news of the day - January 07, 2015

The government decision to permit 100% foreign direct investment in medical devices will take effect from January 21, the Commerce and Industry Ministry said.

Vegetable prices in wholesale markets in the national capital have risen by at least 50%in last one week due to export of key vegetables to Pakistan, says an APMC member.

India's natural rubber imports in December rose 8% from a year earlier to 29,728 tonnes as a drop in production prompted tyremakers to increase overseas purchases, the state-run Rubber Board said.

An internal committee of the Department of Telecom is believed to have suggested fixing base price of 3G spectrum at Rs.38.99bn per megahertz, about 43% higher than the rate recommended by sectoral regulator TRAI.

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