Top economic news of the day

India Infoline News Service | Mumbai |

The domestic airlines carried 5.318mn passengers in April, an increase of 4.75% over the 5.077mn passengers carried in the same period the previous year

The government has cleared 10 foreign direct investment proposal totaling Rs1.4bn. The proposals were cleared following recommendations for the same by Foreign Investment Promotion Board in its meeting held in March, the Finance Ministry said. (BS)

As a step to protect consumer interests, the Reserve Bank of India is formulating mandatory guidelines to discourage lenders from mis-selling and also hold them responsible for products they are offering. (BS)

Reserve Bank of India plans to allow banks to provide partial credit enhancement upto 20% of entire bond issue to help companies to raise funds for infrastructure projects. (BS)

The forging industry is expected to grow at 8% annually and the production is likely to touch 3.51mn tonnes by 2020, on the back of strong policy reforms and stable governance likely to provide the boost, according to a report by the Association of Indian Forging Industry. (BL)

The domestic airlines carried 5.318mn passengers in April, an increase of 4.75% over the 5.077mn passengers carried in the same period the previous year. (BL)
 

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