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Economy

Funds raised abroad cannot be used in India unless FEMA rules are followed, says RBI

Funds raised abroad cannot be used in…

Mumbai, Nov 26 (KNN)  The Reserve Bank of India has made it clear that Indian firms raising funds overseas and routing them to India through certain types…
RBI cautions against misuse of cancelled NBFC certificate of registration

RBI cautions against misuse of cancelled NBFC…

Mumbai, Nov 24 (KNN)  The Reserve Bank of India has cautioned individuals about misuse of cancelled NBFC certificates of registration by fraudsters who…
RBI permits ECB proceeds to be parked in term deposits for 6 months

RBI permits ECB proceeds to be parked…

Mumbai, Nov 22 (KNN)  The Reserve Bank of India has said that proceeds of external commercial borrowings (ECBs) can be parked in term deposits with banks…
RBI cautions about fake credit cards in its name

RBI cautions about fake credit cards in…

Mumbai, Nov 22 (KNN)  The Reserve Bank of India has cautioned the public once more about the newest kind of fraud perpetrated in its name- a credit card…
Levy of penal charges on non-maintenance of minimum balance in SB accounts

Levy of penal charges on non-maintenance of…

Mumbai, Nov 21 (KNN)  The Reserve Bank of India has asked banks to give prior notice to its customers about the levy of penal changes on non-maintenance…
Market cap of firms listed on BSE SME inching towards Rs 9,500 crore

Market cap of firms listed on BSE…

Mumbai, Nov 20 (KNN)  Market capitalisation of companies listed on the BSE SME platform inched towards the crucial Rs 9,500 crore mark to settle at Rs…
RBI asks income tax assesses to pay IT dues in advance

RBI asks income tax assesses to pay…

Mumbai, Nov 20 (KNN)  The Reserve Bank of India has appealed to income tax assessees to remit their income tax dues sufficiently in advance of the due…
Govt working towards ensuring easier credit flow for MSMEs, says Kalraj Mishra

Govt working towards ensuring easier credit flow…

New Delhi, Nov 20 (KNN)   With a view to ensuring easy credit flow for the micro, small and medium enterprises sector, the government is working…
Reforms poised to put India on a strong, sustainable & inclusive growth path, OECD says

Reforms poised to put India on a…

New Delhi, Nov 19 (KNN)  The Indian economy is showing signs of a turnaround. New reforms, some of which are included in the package presented by Prime…
Economic reforms including GST & Insurance Amendment Bill are on the anvil: FM

Economic reforms including GST & Insurance Amendment…

New Delhi, Nov 17 (KNN) The Union Finance Minister, Arun Jaitley today said that the government has taken a series of measures to tackle various challenges…