A look at the headlines in the sector right now:

  1. Centre implements inflation target of 4% for next five years in keeping with Raghuram Rajan's goals: Under the monetary policy framework agreement, the RBI was to fix the policy interest rates and aim to bring inflation below 6%.
  2. Gold and silver prices rise on global trends: The price of the yellow metal rose by Rs 50 to Rs 31,100 per 10 grams, while silver prices climbed by Rs 250 per kilogram.
  3. Concessional fares result in a loss of Rs 1,602 crore for railways: Discounts were given in major categories such as senior citizens, the chronically ill, the differently-abled and under the Izzat scheme.
  4. Uttarakhand records highest growth rate in industry, service sectors among India states, says Assocham: The study covered a period of 10 years from 2004-05 to 2014-15.
  5. India and Maurities may soon work towards economic cooperation pact: The island nation was the biggest single source of foreign direct investment into India in 2014-15.
  6. Hackers who report security flaws on Apple products could get 'bug bounty' of up to $200,000: The tech giant also said it would match the amount if these rewards were donated to charity.
  7. Hyundai cars to get dearer by up to Rs 15,000 from August 16: The step is being taken to counterbalance rising input costs and impact of rupee depreciation.