Friday 29 May 2015

Top Economy news of the day- May 29, 2015

Foreign investors will no longer have to seek the government's permission to transfer shares to another overseas player in sectors where FDI is allowed under automatic route.


Economic NewsForeign investors will no longer have to seek the government's permission to transfer shares to another overseas player in sectors where FDI is allowed under automatic route.

The Union Government will introduce minimum support price for the minor forest produce sold by tribal people. 

To propel economic growth, the government has set an ambitious target of awarding highway projects worth Rs 3.5 trillion in next six months besides creation of 25 lakh jobs in the shipping, road, transport and highways sector. 

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