Top Economy news of the day
The government has liberalised the procedure for export of pharmaceutical grade and specialty sugar.
The government has liberalised the procedure for export of pharmaceutical grade and specialty sugar. (BL)
Retail inflation came in at a higher than expected 10.56% in December, belying hopes of any aggressive policy rate cut by the RBI in the upcoming monetary policy review.(BL)
Banks will ask the Reserve Bank of India to allow them to pay interest on current account deposits at tomorrow’s meeting, in the run up to the central bank’s monetary policy review.(BS)
The finance ministry has sent its comments to the Reserve Bank of India on the proposed norms for the issue of licences to new private sector banks, raising hopes that the central bank may come up with the final guidelines soon.(ET)
In a breather to foreign investors, especially those coming via Mauritius, the government on Monday deferred the controversial General Anti-Avoidance Rules (GAAR) by two years, making the norms effective from the 2016-17 assessment year.(BS)
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India Infoline Research Team / 10:47, Aug 24, 2015
In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.