Non-food credit of scheduled commercial banks decelerated to 8.4% in July as against a growth of 12.6% in the same period last year, RBI data showed.
The railways have finally identified the projects that will be funded by the Rs 1.5 tn loan that Life Insurance Corporation (LIC) has extended to the cash-strapped organization for the next five years.
The number of Internet users in India rose 32% last year, to reach 302 mn, according to the Internet and Mobile Association of India, which includes members such as Google, Microsoft, eBay, IBM, Flipkart, Ola Cabs and LinkedIn.
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