Top economic news of the day

India Infoline News Service | Mumbai |

The banking system’s non-performing assets (NPA) position at end March this year is likely to be better than in December-end 2013

The government can rake in more than Rs500bn through stake sales in about 30 PSUs, if a new Sebi proposal requiring minimum 25% public holding in all listed firms passes muster with the Finance Ministry. (BS)

The banking system’s non-performing assets (NPA) position at end March this year is likely to be better than in December-end 2013, Reserve Bank of India Deputy Governor R Gandhi said.(BL)

The finance ministry could recommend an increase in the limit on foreign direct investment (FDI) in insurance sector to 49% from 26%, albeit with a few restrictions to push the crucial reform. (ET)

The economy expanded 4.7 % in 2013-14, the second straight year of sub-5 % growth, adding pressure on the new Narendra Modi-led Government to boost growth momentum after the ruling BJP bagged the strongest electoral mandate in 30 years.(BL)
 

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