GROWING WINGS?: Indian electricians work on a pylon in New Delhi. India's finance minister pledged major investment in infrastructure, saying it was time for the economy to "fly". (Chandan Khanna, AFP)
In other news
Libya's oil production is now at more than 400 000 barrels per day, says an official from the National Oil Corporation.
Yemen and Iran have signed a civil aviation deal allowing each country to fly up to 14 flights a week in both directions
Chinese manufacturing business activity rebounded in February after falling to a 28-month low in January, official data shows.
I allocated a modest 7.9% increase in defence spending for the fiscal year, suggesting that it will move only gradually with the military's long wish list.
A Mexican meat processing firm is the first international company to get approval for an investment project in Cuba's first special economic development area.
Russian state oil firm Rosneft may get $5bn from the National Wealth Fund to finance five projects, both upstream and downstream, says energy minister.
Former Russian tycoon Mikhail Khodorkovsky says Vladimir Putin is a "naked king" presiding over an economy that will weaken further.
Mining and commodities giant Glencore Xstrata says it is reducing its coal production in Australia by 15 million tons amid weak global demand and oversupply.