Top economy news of the day

India Infoline News Service | Mumbai |

Months after deciding to set up an authority to regulate rail tariff, the government has put in place a similar body for the coal sector, through an executive order

The Pension Fund Regulatory and Development Authority (PFRDA) will open the commercial bids for selection of eight pension fund managers for managing the private sector corpus under the New Pension System (NPS).(BL)

The Reserve Bank has extended the deadline for aviation sector to raise funds through external commercial borrowings (ECBs) route till March 2015, a move that would provide relief to the cash-crunched sector. (ET)

The Supreme Court dismissed the plea of the Centre to recall its judgment in which it had directed the government to set up a special investigative team (SIT) to probe black money stashed abroad by Indians and bring it back.(BS)

Months after deciding to set up an authority to regulate rail tariff, the government has put in place a similar body for the coal sector, through an executive order. The coal regulator will advise the government on principles and methodologies for price determination, while state-owned Coal India Ltd (CIL) will continue to fix prices, subject to the coal ministry’s approval.(BS)
 

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