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Top economic news of the day

Indian Railways will borrow less at Rs117.9bn from market through its two companies IRFC and Rail Vikas Nigam Ltd for capital expenditure during 2014-15.

July 09, 2014 8:59 IST | India Infoline News Service
India paid a second installment of US$550mn in oil dues to Iran under an interim deal that has allowed Tehran access to US$4.2bn in blocked funds globally. (BS)

Ahead of his maiden Budget, Finance Minister said he favours controlling fiscal deficit through expansion of economy and tax buoyancy rather than contracting expenditure. (BS)

Indian Railways will borrow less at Rs117.9bn from market through its two companies IRFC and Rail Vikas Nigam Ltd for capital expenditure during 2014-15. (BS)

A revival of India's banking industry following the recent formation of a new, stable government is likely to be gradual, as per an industry report card, "Indian Banks Are Banking On The New Government For Revival," published by Standard & Poor's Ratings Services. (BL)

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