CPI inflation dips to 13-month low of 4.3% in September 2016 and top economy news of the day

India Infoline News Service | Mumbai | October 14, 2016 09:02 IST

Check out the most important news stories which captured the headlines at the economy level in India and internationally.

Economic News
Consumer Price Index (CPI) based inflation eased to 4.31% in September as against 5.05% in August. It was 4.41% in September 2015. (BL)
Net direct tax collections grew 8.95% in the first half of the fiscal, amounting to Rs3.27trn. (BL)
The Cabinet Committee on Economic Affairs (CCEA) cleared a proposal to come up with a new mechanism for revision of ethanol price for supply to public sector oil marketing companies (OMCs) to carry out the Ethanol Blended Petrol (EBP) programme. Through this, the prices of ethanol for blending will be cut by about 21% from December 1. (BS)
The country plans to more than double its liquefied natural gas (LNG) import capacity to 50mt in the next one year. (BS)



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