Top economic news of the day

India Infoline News Service | Mumbai |

The RBI today said banks may refinance long term project loans with certain new riders including taking-over of a minimum of 25% of an outstanding loan from the prior condition of 50%

India's economy is expected to record stronger growth momentum of 5.5% in the current fiscal, underpinned by "solid expansion" in industrial and services sectors, and impetus to economic reforms by the new government, according to a UN report.(BS)

For the convenience of people to pay school fees and municipal taxes and utility bills through an integrated platform, the Reserve Bank today proposed setting up an "anytime anywhere" bill payment system. (ET)

The RBI today said banks may refinance long term project loans with certain new riders including taking-over of a minimum of 25% of an outstanding loan from the prior condition of 50%. (ET)

The ministry of consumer affairs, in a bid to quick disposal of cases and thereby give much needed relief to consumers, has moved amendments to the 
Consumer Protection Act 1986.The ministry proposes to replace the present Central Consumer Protection Council by the Central Consumer Protection Authority by delegating it punitive powers. (BS)
 

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