Friday 9 January 2015

Top economic news of the day - January 09, 2015

The government revised downward its estimate of coffee production by 4% to 0.33mn tonnes for this year, citing crop damage in Karnataka, Andhra Pradesh and Odisha due to continuous rain after dry spell and 'Hud Hud' cyclone.

The ambitious ultra mega power project scheme has received a set back with centre cancelling the bids for the two proposed plants at Odisha and Tamil Nadu due to tepid private sector response and funding issues raised by bankers.

Cotton Corporation of India has procured 4.1mn bales of cotton so far this year at the minimum support price from key growing states like Andhra Pradesh and Maharashtra.

An inter-ministerial panel has requested the Telecom Regulatory Authority of India to take up the role or suggest if there is a need for a separate regulator for e-commerce.

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