Top economic news of the day

India Infoline News Service | Mumbai |

The Reserve Bank of India rapped credit information companies (CICs) for failing to provide early warnings on the impending deterioration in banks’ asset quality

Foreign direct investment into India grew by a meagre 1.5% to US$2.18bn in January, according to the department of industrial policy and promotion data. However, for the April-January period, foreign investment inflows dipped 2% to US$18.74bn from US$19.1bn during the corresponding period of the previous fiscal. (ET)

The Reserve Bank of India rapped credit information companies (CICs) for failing to provide early warnings on the impending deterioration in banks’ asset quality. (BS)

The Election Commission of India has given its go ahead to the corporate affairs ministry to release the final rules governing the Companies Act, 2013, which became operational from April 1, 2014. (ET)
 

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