Top economic news of the day

India Infoline News Service | Mumbai |

The India Meteorological Department has come out with its first stage forecast for the 2014 southwest monsoon season.

The India Meteorological Department has come out with its first stage forecast for the 2014 southwest monsoon season. As anticipated the met office has confirmed of a less than average rainfall due to El Nino weather phenomenon. (BS)

The finance ministry will make a pitch for infusing another Rs70bn of capital in state-run banks when the next government readies its budget for this fiscal year. (ET)

A committee set up by Reserve Bank of India has suggested a mechanism for a centralised bill payment system in the country, primarily by setting up two organisations – Bharat Bill Payment Services and Bharat Bill Payment Operating Units. (ET)
 

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