Top economic news of the day

India Infoline News Service | Mumbai |

The government plans to increase foreign direct investment in the insurance sector to 49% with a rider that voting right of overseas partner will remain capped at 26%.

Rating agency Crisil expects companies to raise at least Rs600bn through stake sale in the current fiscal, prompted by buoyant market condition. (BS)

External borrowings of Indian companies fell by 41.3% to US$1.46bn in May this year compared to the same month last year, according to the Reserve Bank data. The borrowings were higher at US$3.2bn in April, 2014. (BS)

The government has given a much-awaited nod to minimum monthly pension of Rs1,000 for Employees' Provident Fund Organisation subscribers benefiting 2.8mn pensioners, the Parliament was informed. (BS)

The government plans to increase foreign direct investment in the insurance sector to 49% with a rider that voting right of overseas partner will remain capped at 26%. (ET)
 

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