Top economic news of the day

India Infoline News Service | Mumbai | August 22, 2014 08:53 IST

Foreign direct investment flows to India surged by about 34% to US$1.92bn in June, the data by Department of Industrial Policy and Promotion showed.

The Finance Ministry expressed hope that domestic diesel prices will soon become market linked in the backdrop of softening global crude oil rates. (BL)
 
Seeking to revive interest in oil and gas exploration by simplifying rules, the Oil Ministry is looking at replacing the controversial Production Sharing Contracts with simpler revenue-sharing regime. (BS)
 
Foreign direct investment flows to India surged by about 34% to US$1.92bn in June, the data by Department of Industrial Policy and Promotion showed. (BS)
 
India's economy is on course to grow by around 5.8% in the fiscal year to March 2015, finance ministry said, expressing confidence that "green shoots" of recovery were taking hold. (ET)
 
The Reserve Bank of India plans to articulate a comprehensive debt management strategy. According to the annual report 2013-14, the key ingredients of this will be sound international practice and extending maturities to cater to the requirements of diverse investors. (BS)
 
The Reserve Bank said its surplus for FY14 declined 14.75% to Rs526.79bn as its interest income from investments in foreign sovereign bonds declined during the year even as its investments increased. (BL)
 

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