Wednesday 13 April 2016

February IIP rises 2% yoy and other Top Economy news

Piyush Goyal, Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy launched the Discovery of Efficient Electricity Price e-Reverse Auction portal through which distribution utilities can procure short-term power. 

Newspaper
IIP grew 2% in February.

CPI inflation eased to 4.83% in March from 5.2% in February. 

Piyush Goyal, Minister of State (Independent Charge) for Power, Coal and New & Renewable Energy launched the Discovery of Efficient Electricity Price e-Reverse Auction portal through which distribution utilities can procure short-term power.

Retirement fund body EPFO settled 11.8mn claims in 2015-16, out of which 96% claims were settled within 20 days.

The India Meteorological Department has projected an above normal monsoon for 2016, spelling good news for farmers and policymakers battling two years of consecutive drought.

Owing to the slowdown in China, low crude oil prices and overall sluggish trend in advanced economies, the International Monetary Fund (IMF) has cut its global growth forecast at 3.2% in 2016. However, the Fund forecasts Indian economy to grow at the fastest pace of 7.25% in 2016.

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