Top economic news of the day

India Infoline News Service | Mumbai |

IFC, a member of the World Bank Group, has issued 7-year bonds worth US$194mn indicating increased global interest in rupee debt.

At a time when world economies appear to be struggling back to their feet following the global financial crisis, the Reserve Bank of India's governor, Raghuram Rajan, has urged greater co-ordination among central banks to promote stable and sustainable growth. (BS)

The Reserve Bank of India has come down heavily on banks for charging different interest rates to customers with similar profiles, saying such discrimination cannot be accepted. (BS)

IFC, a member of the World Bank Group, has issued 7-year bonds worth US$194mn indicating increased global interest in rupee debt. This tranche brings total fund-raising by IFC under its first rupee bond programme to US$1bn. (ET)

The government is likely to miss the revised indirect tax revenue target by about Rs176.48bn in the 2013-14 fiscal year due to economic slowdown, a senior government official has said. (ET)
 

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