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Economy

RBI proposes 'big bang approach' to resolve payment delays to MSMEs

RBI proposes 'big bang approach' to resolve…

Mumbai, Mar 20 (KNN)  In order to address the problem of delayed payments to the MSMEs from their large sized buyers, the Reserve Bank of India (RBI)…
ASSOCHAM seeks end to 'lazy banking'; asks banks to pay 6% interest on SB

ASSOCHAM seeks end to 'lazy banking'; asks…

New Delhi, Mar 20 (KNN) The banks should fix a minimum rate of six per cent on Savings Bank (SB) deposits, putting an end to ‘lazy banking’ by…
RBI asks banks to take immediate steps before XP ends support on April-8

RBI asks banks to take immediate steps…

Mumbai, Mar 20 (KNN) Weeks after Britain’s top banks spent millions to secure their outdated software, Reserve Bank of India (RBI) has asked all the…
Bank branches to remain open from March 29-31 for tax collection

Bank branches to remain open from March…

New Delhi, Mar 20 (KNN) Bank branches will remain open next weekend from March-29 to 31 for collection of tax.

While March-29 and 30 are Saturday…
Chennai based Oceanaa Biotek Industries IPO opens for subscription

Chennai based Oceanaa Biotek Industries IPO opens…

Mumbai, March 19 (KNN) Chennai based Oceanaa Biotek Industries has come out with its public issue of 21 lakh equity shares of Rs 10 each for cash at a price…
BSE-SME count goes up to 53

BSE-SME count goes up to 53

Mumbai, Mar 18 (KNN)  With Karnimata Cold Storage Limited getting listed, the number of companies listed on the alternative trading platform has touched…
Hit by slowdown, 2.68 lakh companies shut down

Hit by slowdown, 2.68 lakh companies shut…

New Delhi, Mar 18 (KNN) As many as 2.68 lakh companies have been shut down and 27,617 firms are in the process of being closed owing to difficulties in the…
RBI clarifies confusion over pre-2005 banknotes

RBI clarifies confusion over pre-2005 banknotes

Mumbai, Mar 18 (KNN) Ever since the RBI had announced phase-out of the pre-2005 currency notes, there has been a lot of confusion among the trade and industry…
RBI signs MoU with FSA, Japan for co-operation in banking supervision

RBI signs MoU with FSA, Japan for…

Mumbai, Mar 15 (KNN) The Reserve Bank of India (RBI) has entered into an agreement with Financial Services Agency (FSA), Japan, for “Co-operation in…
Advance tax can now be paid by March-18

Advance tax can now be paid by…

New Delhi, Mar 14 (KNN)  The Central Board of Direct Taxes (CBDT) today extended the time for payment of advance tax till March-18.  Earlier the…

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