Monday 15 June 2015

Top economy news of the day - June 15, 2015

The country has received 5% more rainfall than the normal limit till now even as northwest India, the southern peninsula and central India have received below normal rainfall, according to the Met department.

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The country has received 5% more rainfall than the normal limit till now even as northwest India, the southern peninsula and central India have received below normal rainfall, according to the Met department.

India has conveyed to Iran that its interest in oil and exploration projects in the Gulf nation is still alive. Commercial interaction with the Iranian authorities is independent of the decisions of the West on Iran’s disputed nuclear programme and the end-June deadline, an official involved with negotiations said. 

The government has proposed a stringent appraisal system at public sector banks, aiming to infuse efficiency and transparency in the state-owned banking entities after it opened the door to private sector candidates for key posts. 

With the government taking steps to improve ease of doing business and attracting investments, FDI inflows into the services sector grew by over 46% to USD3.2bn in 2014-15. 

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