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)
Get Top 500 Company Research from acclaimed IIFL Research Team...Click Here!!!
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.