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Economy

Japan & India sign currency swap agreement

Japan & India sign currency swap agreement

New Delhi, Dec 19 (KNN) In an effort to strengthen financial cooperation between Japan and India, a bilateral currency swap agreement has been signed by the…
RBI to block wilful defaulters from accessing bank loans

RBI to block wilful defaulters from accessing…

New Delhi, Dec 18 (KNN) Amidst increasing sickness from industries, a draft RBI paper has proposed measures to help banks recover bad loans and on dealing…
85,000 bank branches, 1 million bank employees, 40 lakh cheques at standstill today

85,000 bank branches, 1 million bank employees,…

New Delhi, Dec 18 (KNN) About 1 million bank employees across India are on a one-day strike today, with as many as 85,000 bank branches not operating to stage…
RBI keeps lending rate unchanged at 7.75%; says current inflation is too high

RBI keeps lending rate unchanged at 7.75%;…

Mumbai, Dec 18 (KNN)  As the country continues to battle low growth and high inflation, the Reserve Bank of India (RBI) unexpectedly kept the policy…
Confusion follows RBI circular on scribbled notes

Confusion follows RBI circular on scribbled notes

New Delhi, Dec 17 (KNN) Amidst concerns amongst the traders and on social networking sites that banks may not accept soiled and scribbled notes from January…
Nov WPI at 14 month high at 7.52% due to high food inflation, mfg product inflation rises to 2.64%

Nov WPI at 14 month high at…

New Delhi, Dec 16 (KNN) Ahead of RBI's policy review on Wednesday, India's Wholesale Price Index (WPI) inflation for the month of November rose to…
Banks to go on strike on Dec-18 demanding early wage revision

Banks to go on strike on Dec-18…

New Delhi, Dec 16 (KNN) One million bank employees and officials across the country would be observing a one day All-India strike on December-18 under the…
Govt extends last date for payment of advance tax till Dec-17

Govt extends last date for payment of…

New Delhi, Dec 14 (KNN)  As the last day for paying the December instalment of Advance tax falls on Sunday, the Central Board of Direct Taxes (CBDT) has…
Majority of urbanites to celebrate New Year's Eve at home; finance & job issues to blame

Majority of urbanites to celebrate New Year's…

New Delhi, Dec 14 (KNN) About 35 per cent people in the metropolitan cities, especially women are planning to stay at home during New Year eve, owing to many…
Disappointing show by industry in October

Disappointing show by industry in October

New Delhi, Dec 12 (KNN)  In a disappointing performance, industrial production was lower by 1.8 per cent in October this year as compared to the same…