Friday 12 June 2015

Top economy news of the day - June 12, 2015

Global prices of pulses have gone up by about 30% to 40% during last two to three months due to fear of drought in India, the largest importer and consumer of the vegetarian source of protein. 

Economic News
Global prices of pulses have gone up by about 30% to 40% during last two to three months due to fear of drought in India, the largest importer and consumer of the vegetarian source of protein.

The Centre has decided to raise Rs60bn to provide interest-free loans to farmers so that they do not have to go to moneylenders and fall into debt traps, Union Minister Ramvilas Paswan said.

The Cabinet Committee on Economic Affairs (CCEA) approved two road projects, one in Madhya Pradesh and another in Telangana. The projects will be executed under the flagship road building programme National Highways Development Project (NHDP) at a cost of Rs47.21bn.

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