Top economic news of the day

India Infoline News Service | Mumbai |

The RBI has simplified rules for credit to exporters by permitting banks to allow exporters to receive long-term export credit subject to certain riders

The government will spend about Rs30bn to double the number of drug regulators to 1,000 in three years and set up testing labs at ports to ensure that pharmaceutical export shipments meet global quality standards, a senior government official said. (ET)

The Reserve Bank of India has simplified rules for credit to exporters by permitting banks to allow exporters to receive long-term export credit subject to certain riders. (BS)

The Indian economy will grow 5% in 2014 and record a slightly higher expansion of 5.5% next year on stronger consumption and investment, a UN report said. (ET)

The digital payment industry is expected to grow at a rate of 40% to reach Rs1.2trn by December 2014, according to a report by the Internet and Mobile Association of India, the Payments Council of India and IMRB. (BL)
 

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