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Petrol price marginally hiked by 5p/l and other economy news

Petrol price marginally hiked by 5p/l and other economy news

Petrol price was marginally hiked by 5p/l and diesel by Rs1.26/l, the fourth increase in rates in six weeks. (BS)

Reserve Bank's new debt recast norms are credit positive for banks and will help in reducing the gross non-performing asset levels by 30-100 basis points after one year. (ET)

The Ministry for New & Renewable Energy, launched a scheme for setting up 1,000MW of wind power projects connected to the transmission network of Central Transmission Utility to provide wind power to non-windy states at a price discovered through a transparent bidding process. (BL)

The Union Cabinet cleared the Civil Aviation Policy, which is set to open door to a number of passenger-friendly measures including capping of airfares at Rs2,500 for an hour-long flight. (BS)

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