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Economy

Power transmission problems on Govt agenda

Power transmission problems on Govt agenda

New Delhi, May 29 (KNN) A high level panel headed by Power Minister Jyotiraditya Scindia yesterday discussed transmission issues impacting the power sector.
Coming up new industrial corridor between Chennai and Bengaluru

Coming up new industrial corridor between Chennai…

New Delhi, May 28 (KNN) Enthused by the success of USD 90 billion Delhi Mumbai Industrial Corridor (DMIC) with the help of the Japanese government, a similar initiative is…
FICCI opposes move to club basic pay and perks for PF

FICCI opposes move to club basic pay…

New Delhi, May 28, (KNN) The move to consider pay and allowances together as the basis for calculation of employee provident fund (EPF) has come in for opposition from the…
Govt raises incentives for export to new markets

Govt raises incentives for export to new…

New Delhi, May 28 (KNN) In order to make their participation in trade fairs easier the market development assistance scheme of the government  has been extended to exporting…
Dena Bank to open 175 new branches nationwide

Dena Bank to open 175 new branches…

Mumbai, May 28 (KNN) Dena Bank is planning to open around 175 new branches nationwide with 45 new branches in Gujarat and the PSU lender will focus on priority sectors…
IT dept sends letters to tax defaulters

IT dept sends letters to tax defaulters

New Delhi, May 27, (KNN) The income tax department has sent letters to 35,000 alleged tax defaulters as part of its attempt to make collection system more accountable.  
Carrot and stick policy by tax admin to business firms

Carrot and stick policy by tax admin…

New Delhi, May 27 (KNN) It is a carrot and stick policy being adopted by the tax authorities. On instructions from Finance Minister P Chidambaram, those business firms which…
RBI extends interest subvention for exporters till March 2014

RBI extends interest subvention for exporters till…

New Delhi, May 24 (KNN) Reserve Bank of India today widened the interest subvention scheme of 2 per cent by adding six more textile items like blankets, curtains, table linen…
RBI relaxes norms for opening Coop banks branches

RBI relaxes norms for opening Coop banks…

New Delhi, May 24 (KNN) Reserve Bank of India today announced relaxing procedure for opening branches by Urban-Cooperative Banks. Now only one copy of Annual Business Plan…
RBI to relax norms for hedging by exporter, importers

RBI to relax norms for hedging by…

Mumbai, May 24 (KNN) Reserve Bank of India (RBI) plans to allow exporters and importers to rebook and cancel up to 50 per cent of their total hedged exposure from…