The Union government raised the domestic gas price by 40% to $8.6 mmbtu on October 1 from $6.2 earlier. The price is computed based on the weighted average trailing 12-month price with a lag of three months of the gas benchmarks in the US, UK, Russia and Canada.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.