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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)

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