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Top Economy news of the day

India Infoline News Service | Mumbai | February 08, 2013 08:36 IST

Insurance Regulatory and Development Authority, IRDA

In its advance estimates, the Central Statistics Office pegged the country’s 2012-13 economic growth at a10-year low of 5% — much lower than the government’s earlier projections - against 6.2% in 2011-12. (BS)

India’s per capita income is estimated to have gone up 11.7% to Rs 5,729 per month in 2012-13 at current prices, compared with Rs 5,130 in the previous fiscal. (BL)

The Insurance Regulatory and Development Authority has proposed a lower solvency margin for insurers, at 145% as against 150% currently, after including a risk charge. (BS)

With the rise in diesel price putting an additional burden of Rs33bn on the railways, its minister, P K Bansal, did not rule out another round of hike in passenger fares. (BS)

Planning Commission said that the under-recoveries on account of sale of diesel will end by mid-2015 following progressive increase in the price of the fuel. (ET)

Read more on: Top  Economy  news  of  the  day 
Top Economy news of the day
Top Economy news of the day
Insurance Regulatory and Development Authority, IRDA
February 08, 2013 08:36 IST
Top Economy news of the day


Another day, another high

India Infoline News Service / 09:04, Jan 22, 2015

The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.