Friday 23 January 2015

Top economic news of the day - January 23, 2015

Ahead of Budget 2015-16, Finance Minister Arun Jaitley said more fuel subsidy reforms were on the anvil to cut the Centre's fiscal deficit.


The Centre might take up changes to the Industrial Disputes Act on the lines of what the Rajasthan government recently did, sources said.


ECB will pump EUR60 bn per month till September 2016 towards its fiscal stimulus measures.


The committee constituted by the government on how to reform the Food Corporation of India (FCI) - it gave its report this week - suggested limiting foodgrain distribution under the National Food Security Act (NFSA) to 40% as against the current norm of 67%, thus, saving the exchequer around Rs300bn per year.

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