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Economy

RBI not to issue fresh NBFC licence for one year

RBI not to issue fresh NBFC licence…

Mumbai, Apr 2 (KNN) The Reserve Bank of India has said that it would not issue fresh NBFC licence for one year as the central bank is in the process of overhauling…
BSE SME touches kissing range of Rs 6,000 crore market cap

BSE SME touches kissing range of Rs…

Mumbai, Apr 1 (KNN)  Even as the RBI Governor, Raghuram Rajan kept the rate unchanged while announcing the first bi-monthly monetary policy, the small…
RBI advises banks to offer differential rates to MSEs

RBI advises banks to offer differential rates…

Mumbai, Apr 1 (KNN)  Retaining the policy interest rates unchanged and disappointing the industry, the RBI has advised the commercial banks to offer differential…
CBEC fixes USD 421 tariff value for gold import

CBEC fixes USD 421 tariff value for…

New Delhi, Mar 31 (KNN) The new rate for calculation of import duty for gold has been fixed at USD 421 per 10 grams and silver USD 644 per kilogram as per…
SBI to rope in private sector to implement micro-ATM standards in BC outlets

SBI to rope in private sector to…

New Delhi, Mar 31 (KNN)  Public sector lender, State Bank of India with its five Associate Banks (ABs) has drawn plans to implement micro-ATM standards…
RBI relaxes norms for merchanting trade transactions

RBI relaxes norms for merchanting trade transactions

Mumbai, Mar 31 (KNN)  The Reserve Bank of India (RBI) has revised the guidelines for merchanting trade transactions, based on the recommendations of a…
RBI Governor expresses concern over jobless growth, skill shortage

RBI Governor expresses concern over jobless growth,…

New Delhi, March 29 (KNN) Two days ahead of releasing the first quarter monetary policy for 2014-15, RBI Governor Raghuram Rajan expressed concern over the…
Exporters support new hedging rules

Exporters support new hedging rules

New Delhi, March 29 (KNN) Welcoming the revised guidelines on currency hedging for exporters and importers, allowing them to cancel contract up to 75 per cent…
India raises limit on export of river sand, stone, and pulses to Maldives

India raises limit on export of river…

New Delhi, Mar 28 (KNN) In a move which will improve trade relations with the Republic of Maldives, the Indian government has allowed the export of certain…