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Economy

RBI asks banks to restructure loans to Delhi MSMEs

RBI asks banks to restructure loans to…

New Delhi, Jan 13 (KNN) The Reserve Bank of India (RBI) has expressed concern over the public sector banks not doing enough to restructure the micro, small…
SBI warns closure of savings/current accounts with balance below Rs 500

SBI warns closure of savings/current accounts with…

New Delhi, Jan 13 (KNN) The State Bank of India (SBI) has warned that Savings Bank Accounts as well as Current Accounts with balances of Rs 500 and below and…
RBI encourages banks to reach out to difficult regions

RBI encourages banks to reach out to…

Mumbai, Jan 11 (KNN) The Reserve Bank Committee on Comprehensive Financial Services for Small Businesses and Low Income Households has suggested a system of…
Customs duty on edible oil import increased

Customs duty on edible oil import increased

New Delhi, Jan 10 (KNN)  The government has decided to increase the customs duty on refined edible oil by 2.5 per cent to protect the Indian industry.
Exports up moderately in December

Exports up moderately in December

New Delhi, Jan 10 (KNN)  Exports in December 2013 amounted to USD 26.34 billion showing a 3.49 per cent growth over the same month last year, while imports…
EPFO to launch software to monitor private PF Trusts

EPFO to launch software to monitor private…

New Delhi, Jan 9 (KNN) In order to improve delivery services of the retirement fund, Employees' Provident Fund Organisation (EPFO) will launch software…
Sharing of foreign exchange data will ensure transparency, ease of doing business

Sharing of foreign exchange data will ensure…

New Delhi, Jan 9 (KNN)  With a view to ensuring effective sharing of foreign exchange data in a transparent manner and at the same time improving the…
RBI allows NBFCs to lend more against gold

RBI allows NBFCs to lend more against…

New Delhi, Jan 9 (KNN) The Reserve Bank of India (RBI) has allowed Non-Banking Financial Companies (NBFCs) to lend up to 75 per cent of the value of gold jewellery…
DIPP seeks views on FDI in e-commerce

DIPP seeks views on FDI in e-commerce

New Delhi, Jan 8 (KNN)  The Department of Industrial Policy and Promotion has released a paper highlighting the advantages and disadvantages of foreign…
RBI committee suggests 'Payment Banks' for SMEs

RBI committee suggests 'Payment Banks' for SMEs

Mumbai, Jan 8 (KNN) In order to redress the imbalance and issues of risks costs for providing better access to financial services to small businesses and low…

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