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Economy

Banks should conduct regular legal audit to sanction loans above Rs 5 crore

Banks should conduct regular legal audit to…

New Delhi, Jun 8 (KNN) In order to show red signal to frauds, the Reserve Bank of India told banks to do a periodic legal audit and re-verification of title…
RBI Dy Chief worried over large dormant saving bank accounts

RBI Dy Chief worried over large dormant…

Mumbai, Jun 8 (KNN) Expressing concern over inadequate financial inclusion, Reserve Bank of India deputy governor KC Chakrabarty said that nearly half of the…
Initial work on Amritsar - Delhi - Kolkata Industrial Corridor begins

Initial work on Amritsar - Delhi -…

New Delhi, Jun 7 (KNN)  In order to provide a boost to industrial development in the densely populated states of northern India, the Prime Minister has…
Govt sets terms for global retailers investing in multi brand chains

Govt sets terms for global retailers investing…

New Delhi, Jun 7 (KNN) Clearing the air and leaving no scope for global retailers to get away, the government has said  that the conditions on multi brand…
India organizes trade fair in Japan; a step to overcome deficit concerns

India organizes trade fair in Japan; a…

New Delhi, Jun 7 (KNN)  In a bid to enhance the country’s trade, India Trade Promotion Organization (ITPO) has organised a trade fair of garments…
India and Myanmar have potential for collaboration: Sharma

India and Myanmar have potential for collaboration:…

New Delhi, Jun 7 (KNN) The Minister of Commerce, Industry and Textiles, Anand Sharma said today that India and Myanmar had potential for future collaboration…
India and Myanmar to increase bilateral trade

India and Myanmar to increase bilateral trade

New Delhi, Jun 6 (KNN)  Myanmar has asked India to extend support towards promoting textile trade between the two countries with the former having a huge…
Centre boosts gold import tax to 8% to curb CAD

Centre boosts gold import tax to 8%…

New Delhi, Jun 6 (KNN) The government of the world's biggest buyer of gold on Wednesday increased import duty on the yellow metal to eight per cent in…
Deposit taking should be restricted to banks: RBI chief

Deposit taking should be restricted to banks:…

Mumbai, Jun 5 (KNN)  In the wake of the recent scam in chit fund the Reserve Bank of India Governor D Subbarao today said that the job of deposit taking…
World Bank asks India to improve its business climate

World Bank asks India to improve its…

New Delhi, Jun 5 (KNN)  India will need to improve its business climate to attract private sector investment so that it is able to generate employment…