Few More News Headlines – 27 August, 2011

India’s household savings have dropped to below 10% of GDP or GNI for the first time in 13 years because of high inflation.

The UN Security Council allowed releasing of USD 1.5 billion in frozen Libyan assets, held by the US, to provide all the basic medical aid and services to the country after Libyan rebels captures the capital Tripoli.

Sensex slipped below 16000 level because of lower UK GDP growth and Anna agitations rules out any economic reform for now.

As per Oil Minister S Jaipal Reddy, state run Oil marketing companies are expected to post loss to the tune of Rs 1,21,000 crore for the current financial year 2011-12 because of higher oil subsidy bill.


Be the first to comment

Leave a Reply

Your email address will not be published.