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The RBI has said inflation-index bonds could also be linked to consumer price index in the future.

Next series of IIBs could be linked to CPI,too: RBI

Mumbai:The RBI has said inflation-index bonds could also be linked to consumer price index in the future. The new instruments to be issued down the line when perhaps CPI index stabilises,we may move over. But currently,the choice is for WPI inflation for the current series which is going to be issued on June 4, RBI executive director R Gandhi said.

SAARC meet begins in Udaipur

New Delhi:The second meeting of the Expert Group to negotiate on a draft SAARC Motor Vehicle Agreement has begun in Udaipur. The participants in this two-day meet will negotiate a draft agreement aiming to promote the welfare of the people of South Asia,said a release from the road transport ministry.

Samsung launches Galaxy Grand Quattro

Mumbai:Aimed at maintaining its leadership position in the smartphone segment in the country,Korean handset maker Samsung Electronics has announced the launch of its Galaxy Grand Quattro,priced at Rs 17,290. It now has a portfolio of 14 smartphones.

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