Top Economy news of the day
Insurance Regulatory and Development Authority, IRDA
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)
India Infoline Research Team / 08:44, Jun 26, 2015
IIFL is hosting 10 companies at a Management Roadshow in Mumbai today. The opening is a subdued start. US market saw minor losses with Dow, S&P 500 and Nasdaq closing marginally lower.