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Limited exposure to external headwinds, like China slowdown and lower commodity prices will help growth

Shares of agri-biotechnology major Monsanto India fell by 4 per cent on Thursday after fair trade regulator CCI ordered a detailed probe against its US-parent joint venture Mahyco Monsanto Biotech India Limited (MMBL).

As for broad policy interventions, only the forceful accent on renewable energy, especially solar, stands out for now.

The Indian biogenerics industry is poised to exploit the opportunity they did in the case of generics, although it has no clear advantage at the moment.

A senior ministry official said National Highways Authority chairman Raghav Chandra and other senior officers will meet RBI Governor Raghuram Rajan on Thursday.

The rules have been notified by the Bureau of Energy Efficiency, the nodal body under the power ministry for energy efficiency rating of consumer electronics.

Before the payments made last September-October, Essar Oil owed $3.34 b to Iran, MRPL $2.49 billion and Indian Oil Corp $581 million.

After making the applicants wait for 8 years, the transparency watchdog has suddenly realised that it has no record of thousands of appeals and complaints.

Officials said Modi, who met AIIB president Jin Liqun in Delhi last month, has asked senior officials to approach the institution for loans. The move comes after India was last month elected to the board of directors of the China-sponsored bank.

The rupee recovered from a 30-month low by rising 13 paise to 68.34 against the dollar at the Interbank Foreign Exchange in early trade on Thursday on fresh selling of the US currency by banks and exporters.