Tuesday, 15 September 2015

Top economy news of the day- September 15, 2015

India’s wholesale inflation remained in the negative territory for the tenth straight month in August at -4.95%.


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Finance Minister has announced a 20% safeguard duty on imported steel.

India’s wholesale inflation remained in the negative territory for the tenth straight month in August at -4.95%. The retail food inflation rose to 2.2% in August versus 2.15% in July mainly on account of supply shortage of onion and pulses. 

India's urea imports have increased 43% to 3.06 mn tonnes in the first five months of the current financial year. 

India will in next few days pay Iran US$700mn to clear more than one-tenth of the outstanding oil dues, ahead of the expected lifting of sanctions against Tehran. 

Aiming to enhance the country's image as a friendly investment destination, the government along with World Bank has released a state-wise report on the ease of doing business - a report in which Gujarat has topped with a score of 71.14%.

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