Tuesday 13 January 2015

Top economic news of the day - January 13, 2015

Exceeding the expectation of a marginal improvement after contracting 4.2 % the previous month, India’s industrial output grew 3.8 % in November, showed the Index of Industrial Production (IIP) data. The rate of retail inflation, as measured by the consumer price index (CPI), meanwhile, rose to 5 % in December from 4.4 % in November.
 
Pushing for public private partnership (PPP) model for development of smart cities, Union Urban Development Minister M Venkaiah Naidu said that the central government was ready to provide viability gap funding for interested parties.

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