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Economy

Promod, Le Creuset and Fossil among 12 govt approved FDI proposals

Promod, Le Creuset and Fossil among 12…

New Delhi, Mar 22 (KNN) The government has approved 12 Foreign Direct Investment (FDI) proposals including single brand retailers such as Promod, Le Creuset…
RBI to tighten KYC norms if needed: Deputy Governor KC Chakrabarty

RBI to tighten KYC norms if needed:…

Mumbai, Mar 21 (KNN) The Reserve Bank of India may further tighten the KYC (Know Your Customer) norms for banks in the wake of allegations that some private sector banks were…
Wooing the Industry with Rs 100 crore boost

Wooing the Industry with Rs 100 crore…

New Delhi, March 21, (KNN) In the budget for 2013-14, Delhi Chief Minister Sheila Dikshit increased the allocation of improvement of civic services in the industrial estates…
Digital signatures to make Patent filings easier for the MSMEs

Digital signatures to make Patent filings easier…

New Delhi, Mar 20 (KNN): Online patent filing system has been made user friendly and simple as it includes new features like digital signature, frequently asked questions,…
RBI move not to cut rate of borrowing

RBI move not to cut rate of…

New Delhi, Mar 19 (KNN) The industry, including the micro and small enterprises, today said the RBI decision to cut interest rates moderately will not translate…
RBI takes baby step, cuts policy rate by 0.25 percentage points; industry not impressed

RBI takes baby step, cuts policy rate…

Mumbai, Mar 19 (KNN) The Reserve Bank of India today announced a modest cut of 0.25 percentage points in the policy interest rates giving a clear signal that…
RBI asks tax-payers to avoid last hour rush

RBI asks tax-payers to avoid last hour…

New Delhi, March 18, (KNN) Reserve Bank of India today asked income tax assessees to remit their tax dues sufficiently in advance of the due date, stating that assessees can…
CAD reaches 5.4 per cent in Q2 of 2012-13

CAD reaches 5.4 per cent in Q2…

New Delhi, Mar 13, (KNN) India’s Current Account Deficit (CAD) as a percentage of Gross Domestic Product (GDP)…
WPI inflation accelerates to 6.84 per cent in Feb

WPI inflation accelerates to 6.84 per cent…

New Delhi, Mar 14 (KNN)The Wholesale Price Index rose faster than expected to 6.84 per cent in February, higher than the 6.54 per cent rise estimated by analysts,…
Most MSMEs belie reports of positive industrial growth

Most MSMEs belie reports of positive industrial…

New Delhi, Mar 12 (KNN) The industrial output in January grew by 2.4 per cent, showing an improvement over last year, although most of the sectors which are…