Finance ministry builds consensus on FDI; LPG price hiked by Rs 11.42

Finance minister P Chidambaram today held a meeting with Reserve Bank officials, including Governor D Subbarao, as part of a series of engagements planned for the day with the central bank, market regular SEBI and foreign investors. SEBI amended norms for sectoral exposure in debt mutual funds allowing them to invest in housing finance companies. Cooking gas (LPG) price was today hiked by Rs. 11.42 per cylinder following government decision to raise commission paid to the dealers.