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Economy

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…
BSE SME gets its 54th company: Sri Krishna Prasadam

BSE SME gets its 54th company: Sri…

Mumbai, Mar 28 (KNN) The number of companies listed on the BSE SME platform has reached 54 today, with the national capital based company Shri Krishna Prasadam…
Bank credit growth to industry slows to 13.2% YoY, textile, gems & jewellery decelerated

Bank credit growth to industry slows to…

Mumbai, Mar 28 (KNN) In February, the growth in bank credit slowed to 13.2 per cent as compared with the increase of 17.4 per cent in February 2013, with deceleration…
RBI eases primary dealers' exposure ceiling to a qualified central counter party

RBI eases primary dealers' exposure ceiling to…

Mumbai, Mar 28 (KNN) With a view to promoting centralised clearing of OTC derivative products, the Reserve Bank has relaxed the stand-alone primary dealers'…
RBI relaxes forex hedging rules for exporters, importers

RBI relaxes forex hedging rules for exporters,…

Mumbai, Mar 28 (KNN) In order to give more operational flexibility to exporters and importers, the Reserve Bank has made some relaxations on the restrictions…
Basel III norms timeline extended till 2019

Basel III norms timeline extended till 2019

Mumbai, Mar 27 (KNN)  The Reserve Bank of India (RBI) today extended the timeline for implementation of international banking norms – Basel III…
India's spice export increases by 41% during April-Dec 2013

India's spice export increases by 41% during…

Kochi, Mar 27 (KNN)  India's spice export has registered a growth of 41 per cent in rupee value during April-December 2013 with good export performance…
183 more sections in new company law notified; NFRA, sick companies, NCLT pending

183 more sections in new company law…

New Delhi, Mar 27 (KNN) Replacing a six decade old law, the government finally notified the Company’s Act 2013 which was passed by parliament last year…
Banks in India to remain open March 29 - 31 for tax collection

Banks in India to remain open March…

Mumbai, Mar 27 (KNN) The Reserve Bank of India (RBI) has directed banks to keep their counters open for meeting a rush of tax-payers towards the end of March…