Top economic news of the day

The Government of India has decided to provide alternative means of coal supply to power producers if captive coal blocks are de-allocated. (BL)
 
The Reserve Bank eased norms to refinance external commercial borrowings and allowed banks to approve even those cases where the average maturity period of fresh borrowings exceeds residual maturity of existing loan. (BL)
 
Sugar prices in India are firming on fears of short-term supply constraints and seasonal demand even as global prices are sliding, posing a threat to a recent recovery in exports in the country. (BS)