Wednesday 10 June 2015

Top economy news of the day - June 10, 2015

Union Home Minister Rajnath Singh said the Centre has approved construction of a 100-km long ring road, costing over Rs30bn, to decongest the expanding state capital. 

Economic News
Giving in to the mounting pressure from the drought-hit Maharashtra government to reduce prices of Bt cotton seeds, seed companies have offered to slash rates of select varieties. The onus is now on the state government to either approve the proposal or insist on its earlier demand that prices of Bt cotton seeds should be cut universally by Rs. 100/packet. 

Union Home Minister Rajnath Singh said the Centre has approved construction of a 100-km long ring road, costing over Rs30bn, to decongest the expanding state capital. 

Union Railway Minister Suresh Prabhu has said that the Government will invest Rs8,500bn over the next five years to develop the nation's railway services. 

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