Top economy news of the day

India Infoline News Service | Mumbai |

Commercial deployment of broadband through DTH can be viable only if there is a strong demand for such high speed service

The Insurance Regulatory and Development Authority (IRDA) had unveiled regulations earlier this week allowing insurers to invest in equity ETFs.(BL)

Thermal power producers have yet again missed the 100% fly ash utilisation target set by the environment ministry, reporting underutilisation for the third straight year amid policy confusion over dumping of the effluent. (ET)

Commercial deployment of broadband through DTH can be viable only if there is a strong demand for such high speed service (ET)

P Chidambaram clarified that Reserve Bank of India (RBI) was likely to issue a few bank licences during the remaining term of the incumbent United Progressive Alliance (UPA) government, notwithstanding the model code of conduct that kicked in with announcement of the election schedule.(BS)

Raising hopes that curbs on gold imports would be eased, India’s current account deficit (CAD) for the quarter ended December stood at US$4.2 bn, or 0.9 % of the gross domestic product (GDP), a sharp fall from US$31.9 bn (6.5 %) in the year-ago period. The fall resulted from a pick-up in exports and moderation in imports, especially of gold.(BS)
 

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