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Foreign direct investment in the services sector declined by about 60% to US$1.59bn in the first nine months of this financial year.

March 11, 2014 8:27 IST | India Infoline News Service
Delhi Electricity Regulatory Commission has allowed distribution companies to recover dues from the years when retail tariff increase was disallowed. The regulator has worked out a plan to allow the city’s three private discoms recovery of dues totalling Rs80bn over eight years beginning 2014-15. (BS)

India plans to build 200 low-cost airports in the next 20 years to connect tier-II and tier-III cities, said a civil aviation ministry official. (ET)

Foreign direct investment in the services sector declined by about 60% to US$1.59bn in the first nine months of this financial year. (ET)

Domestic passenger cars sales rose 1.39% to 0.16mn units in February, compared with 0.158mn units in the corresponding month last year, showing a positive trend after a few months of negativity. Total two-wheelers sales also went up 9.69% to 1.20mn units against 1.11mn in February 2013, according to the monthly report released by the Society of Indian Automobile Manufacturers. (BL)

Insurance companies may be allowed to invest more of their funds in banks and financial institutions, as the government explores ways to infuse additional capital into state-run lenders. (ET)

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