Top economic news of the day

India Infoline News Service | Mumbai |

The credit card base in the country grew 4% in FY14 to 20.3mn cards, according to the Worldline India Card Payment Report 2014

Activity in the services segment of the Indian economy failed to witness a pick-up in March, as contraction continued for the ninth straight month, HSBC Purchasing Managers Index (PMI) data showed. The PMI for services stood at a three-month low of 47.5 points in March, compared with 48.8 points in February. (BS)

In keeping with the new pharmaceutical pricing policy, the regulator has allowed companies to raise maximum retail price of essential medicines by 6.32%, while all other product prices can go up by 10% annually. (BS)

The credit card base in the country grew 4% in FY14 to 20.3mn cards, according to the Worldline India Card Payment Report 2014. (BL)
 

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