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Economy

RBI allows pledge of shares for business purposes in favour NBFCs

RBI allows pledge of shares for business…

Mumbai, June 7 (KNN) The Reserve Bank of India (RBI) has said that the shares of an Indian company held by the non-resident investor can be pledged in favour…
Skill development would be given priority, says FM in pre-budget consultation

Skill development would be given priority, says…

New Delhi, Jun 6 (KNN) In a Pre-Budget Consultation meeting with representatives of the Central Trade Unions, Union Finance Minister Arun Jaitley said that…
Govt says can live with FTAs; domestic units want protection from imports

Govt says can live with FTAs; domestic…

New Delhi, Jun 5 (KNN) Admitting that some of the Free Trade Agreements allowing unrestricted imports , have resulted in duty inversion, the Commerce Ministry…
Corporation Bank opens SME branch in Pink City

Corporation Bank opens SME branch in Pink…

Jaipur, Jun 5 (KNN) In order to promote financial inclusion, public sector lender Corporation Bank has opened an SME loan centre at Jaipur which houses many…
Online complaint resolution system relating to EDI issues

Online complaint resolution system relating to EDI…

New Delhi, Jun 5 (KNN) An online complaint resolution system relating to EDI issues has been established where users can file online complaints, said Directorate…
Firm count on BSE SME goes to 59; SPS Finquest gets listed

Firm count on BSE SME goes to…

Mumbai, Jun 4 (KNN)  The total number of companies listed and traded on the BSE SME platform has increased as the market capitalisation of the firms on…
RBI cuts export credit refinance facility to 32% from 50%

RBI cuts export credit refinance facility to…

Mumbai, Jun 4 (KNN) The Reserve Bank has reduced the availability of funds under the export credit refinance (ECR) window from 50 per cent of export credit…
RBI credit policy review; no change in rates, interest costs to remain high

RBI credit policy review; no change in…

Mumbai, Jun 3 (KNN)  There would be no change in the interest rates with the result that the cost of borrowing will remain high while the Reserve Bank…
Jaitley appointed India's Governor in ADB Board

Jaitley appointed India's Governor in ADB Board

New Delhi, Jun 2 (KNN) The Union Finance Minister, Arun Jaitley has been appointed as India’s Governor on the Board of Governors of the Asian Development…
Govt needs to implement fair tax regulatory system

Govt needs to implement fair tax regulatory…

New Delhi, Jun 2 (KNN)  A non-adversarial, conducive and fair tax regulatory environment is needed to support the forward looking development and delivery-oriented…

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