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Economy

Remittance limit slashed to USD 75,000; small biz may get impacted

Remittance limit slashed to USD 75,000; small…

New Delhi, Aug 14 (KNN)   In a move that can impact small entrepreneurs, the Reserve Bank today reduced the limit for remittances made by resident…
At 5.59% July inflation at five month high; mfg items up 2.81%

At 5.59% July inflation at five month…

New Delhi, Aug 14 (KNN)  India's headline annual inflation rate rose to a five-month high of 5.79 per cent largely due to double digit rise in prices…
IKEA to tie up with handicraft, handloom makers for Indian stores

IKEA to tie up with handicraft, handloom…

New Delhi, Aug 13 (KNN)  Swedish furniture major IKEA which has begun the process of setting up stores in India will be collaborating with handicraft,…
Govt eases SEZ norms

Govt eases SEZ norms

New Delhi, Aug 13 (KNN)  With a view to making special economic zone (SEZ) appealing to investors, the government has relaxed minimum area requirements…
Industrial output drops 2.2 % in June

Industrial output drops 2.2 % in June

New Delhi, Aug 12 (KNN) Hit by high retail inflation and interest rates, India’s industrial production dropped by 2.2 per cent in June this year as compared…
Foreigners get 26 Ayurveda patents

Foreigners get 26 Ayurveda patents

New Delhi, Aug 12 (KNN)  Interest of foreigners in traditional Ayurveda is visible in 86 overseas applicants applying for grant of patent for products,…
Exports up, imports down, trade gap narrows

Exports up, imports down, trade gap narrows

New Delhi, Aug 12 (KNN) India's merchandise exports have finally seen a turnaround growing by 11.64 per cent in July to USD 25.83 billion from USD…
Costs of global banking norms, Subbarao says Basel III worth the price

Costs of global banking norms, Subbarao says…

New Delhi, Aug 9 (KNN)  Amidst concerns that following the international banking norms, Basel III, could  raise the cost of…
India and Morocco sign double taxation avoidance pact

India and Morocco sign double taxation avoidance…

New Delhi, Aug 9 (KNN)  India signed a protocol amending the India - Morocco Double Taxation Avoidance Convention (DTAC)  to promote effective exchange…
CCI imposes penalty of Rs 6.25 crore on 11 shoe firms

CCI imposes penalty of Rs 6.25 crore…

New Delhi, Aug 8 (KNN) The Competition Commission of India (CCI) has imposed a penalty of Rs 6.25 crore on 11 shoe companies on charges of rigging  in…