Top economic news of the day

India Infoline News Service | Mumbai |

The government has hiked the import tariff value on gold to US$445 per 10 grams from US$433 earlier.

Outward foreign direct investment from the country, which was on slippery road during the past two fiscals, has seen some signs of recovery in the current fiscal with the total deal value touching US$29.34bn so far, says a report by CARE Ratings. (BL)

The Reserve Bank of India has placed Rs44bn of 30-year government bonds with the Employees' Provident Fund Organisation in lieu of securities maturing in the short term to help the government reduce bond redemption pressure through a mechanism called switch. (ET)

The government has hiked the import tariff value on gold to US$445 per 10 grams from US$433 earlier. However, the import tariff value in case of silver has been reduced to US$694 per kg from US$699 earlier, a notification by the Central Board of Excise and Customs said. (ET)

India needs to scale up investment in transport infrastructure projects from around Rs4trn per annum at present to Rs14trn by 2032 to achieve over 7% economic growth, according to a report by the National Transport Development Policy Committee. (ET)
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.