Tuesday, 9 June 2015

Top economy news of the day - June 9, 2015

RBI allowed banks to take control of debt-laden companies by converting loans into equity, if a debt restructuring fails to revive them within a stipulated timeframe. 

Newspaper
RBI allowed banks to take control of debt-laden companies by converting loans into equity, if a debt restructuring fails to revive them within a stipulated timeframe.

India may not be able to export dairy products to Russia due to stiff conditions set by the latter, including that interested companies should possess at least 1,000 milking animals. 

Jharkhand government has decided to invest Rs.3bn in the current fiscal to develop road connectivity in the state. 

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