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Economy

RBI introduces new Export Data Processing and Monitoring System for forex dealers

RBI introduces new Export Data Processing and…

Mumbai, Feb 5 (KNN) With a view to simplifing the procedure for filling various returns and for better monitoring, the Reserve Bank of India (RBI) has developed…
RBI relaxes third party import export payment

RBI relaxes third party import export payment

Mumbai, Feb 4 (KNN) The Reserve Bank of India (RBI) today relaxed rules governing third party payments for export and import transactions through authorized…
Govt rolls out Rs 1400 cr loan subsidy for rural women self-help groups

Govt rolls out Rs 1400 cr loan…

New Delhi, Feb 4 (KNN) Rolling out the Rs 1,400 crore interest subvention on loans taken by SHGs, the government has announced that it would provide loans…
Kejriwal simplifies VAT procedure for Delhi traders

Kejriwal simplifies VAT procedure for Delhi traders

New Delhi, Feb 3 (KNN)  With elections round the corner, Arvind Kejriwal has made a number of important announcements, including simplification of VAT…
New tariff value for brass scrap, amongst others

New tariff value for brass scrap, amongst…

New Delhi, Feb 3 (KNN) The government today announced new tariff value for global trade in a host of items including brass scrap, crude palm oil, gold and…
Retail inflation for industrial workers eases to 9.13%

Retail inflation for industrial workers eases to…

New Delhi, Feb 1 (KNN)  Though the retail inflation for industrial workers has eased to 9.13 per cent in December compared to 11.47 per cent in November…
RBI ombudsman asks banks not to levy pre-payment penalty on loans

RBI ombudsman asks banks not to levy…

Mumbai, Feb 1 (KNN)  Reserve Bank of India's (RBI) banking ombudsman has recommended banks to discontinue pre-payment penalty on home and auto…
Exports from SEZs increase four fold in 2012-13; employ 11.5 lakh people

Exports from SEZs increase four fold in…

New Delhi, Jan 31 (KNN) While exports from Special Economic Zones (SEZs) have grown four fold to USD 87.55 billion in the year 2012-13, SEZs also provide direct…
Towards financial inclusion, RBI strives to penetrate into unbanked areas

Towards financial inclusion, RBI strives to penetrate…

New Delhi, Jan 29 (KNN) Reserve Bank of India (RBI) has made sustained efforts to increase the penetration of formal financial services in unbanked areas,…
Indian Bank recorded 21% growth in MSME portfolio

Indian Bank recorded 21% growth in MSME…

Visakhapatnam, Jan 29 (KNN) Indian Bank has recorded a growth of 21.3 per cent in MSME portfolio, and priority sector advances grew by 12.1 per cent to Rs…

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