Top economic news of the day

India Infoline News Service | Mumbai |

Borrowings by Indian firms declined by over 3% from a year ago to $ 1.89bn in June 2014.

The Reserve Bank relaxed the limit of loan that banks can sanction against the pledging of gold ornaments and jewellery. (ET)

Borrowings by Indian firms declined by over 3% from a year ago to $ 1.89bn in June 2014. (ET)

Fertilizer Ministry has demanded nearly 50% increase in domestic natural gas allocation to urea plants to replace costly imported LNG currently being used as feedstock, which will save Rs.150bn in subsidies. (ET)

To reduce risk of failure of large banks, Reserve Bank released a framework for identifying domestic systemically important banks, which would be required to provide additional equity capital for their risk weighted assets. (ET)
 

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