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Economy

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…
Govt to clarify position on FDI in multi brand retail

Govt to clarify position on FDI in…

New Delhi, May 24, (KNN) Government will soon issue clarification on its Foreign Direct Investment (FDI) policy relating to investment in multi brand retail and other issues…
RBI asks states to improve governance

RBI asks states to improve governance

Mumbai, May 24 (KNN) Concerned over spate of scandals involving  chit funds and…

Goods manufactured in India will also be duty free at airports

Goods manufactured in India will also be…

New Delhi, May 24 (KNN) In a bid to promote the goods made in India, the government has allowed sale of goods manufactured in the country, free of excise duty, to incoming…
Falling rupee to affect prices of essential commodities

Falling rupee to affect prices of essential…

New Delhi, May 23, (KNN) The falling rupee may pinch your pocket as it will make import of major items like petroleum, crude oil and gold dearer. 
Power crisis hits mfg units; may lead to 45% fall in I.P in June-July: Survey

Power crisis hits mfg units; may lead…

New Delhi, May 22 (KNN) The unscheduled power cuts in Delhi and NCR have forced industrial units to curtail their production by 25 per cent, a survey has found.
Govt to track tax return filing

Govt to track tax return filing

New Delhi, May 21 (KNN)  Close on the heels of Finance Minister P Chidambaram’s warning to tax defaulters the government has set up a compliance…
Andhra Bank sets target on lending for SMEs, farm sectors

Andhra Bank sets target on lending for…

Hyderabad, May 21 (KNN) The Andhra Bank has set for itself a target of Rs 2,75,000 crore focusing on priority sector lending, which includes deposits to the…

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