MARKET EYE-Indian shares up; Oil companies gain
* The BSE index is up 0.3 percent while the NSE index is 0.25 percent higher. * India's oil ministry has made a proposal to the cabinet to raise diesel prices by 1 rupee per month for 10 months and also increase the number of subsidised cylinders. * Oil and Natural Gas Corp Ltd leads the market with a 2.6 percent gain. * Hindustan Petroleum Corp Ltd is up 1.15 percent while Bharat Petroleum Corp Ltd rises 0.6 percent, Indian Oil Corp Ltd gains 2.34 percent. (firstname.lastname@example.org/manoj.dharra.thomsonreuters.co email@example.com)
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.
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The government made a push on Wednesday to bolster its strained finances, offering to sell a stake in miner Coal India and more mobile phone airwaves as it aimed to deliver on a promise to trim its fiscal deficit. Full Article