Retail inflation softened to 6.71 per cent in July due to moderation in food prices but remained above the Reserve Bank's comfort level of 6 per cent for the seventh consecutive month.
The Union Cabinet chaired by Prime Minister Narendra Modi approved an interest subvention of 1.5 percent per annum on short-term agriculture loans up to Rs 3 lakh to ensure "adequate credit flow in the agriculture sector".
The Appointments Committee of Cabinet (ACC) has approved the appointment of the former Chief Economic Advisor (CEC) Dr. Krishnamurthy Subramaniam to the post of Executive Director (India) at the International Monetary Fund (IMF).
Prime Minister Narendra Modi has launched the 'India International Bullion Exchange (IIBX)', at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar, Gujarat.
EXAMIANS