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Economy

SIDBI to extend risk capital assistance for MSMEs

SIDBI to extend risk capital assistance for…

New Delhi Jan 16 (KNN) Small Industries Development Bank of India (SIDBI), has extended risk capital assistance of close to Rs 1,100 crore to 500 MSMEs. SIDBI,…
CBDT takes initiatives to reduce litigation, grievance of taxpayers

CBDT takes initiatives to reduce litigation, grievance…

NNew Delhi, Jan 16 (KNN)  With an objective to reduce litigation with the taxpayers, Central Board of Direct Taxes (CBDT) has issued a circular revising…
CBDT calls for expeditious IT refund of smaller amounts

CBDT calls for expeditious IT refund of…

New Delhi, Jan 16 (KNN)  In an initiative to reduce taxpayers grievances and enhance their satisfaction, the Central Board of Direct Taxes hadissued…
Fiscal consolidation will not be compromised in upcoming Budget: Finance Ministry

Fiscal consolidation will not be compromised in…

New Delhi Jan 15 (KNN)  Ahead of the Union Budget, the Centre which is up against a fiscal deficit said that it is committed to promoting and strengthening…
December wholesale price index contracts 0.73%

December wholesale price index contracts 0.73%

New Delhi, Jan 15 (KNN)  The annual rate of inflation, based on monthly WPI, stood at -0.73 per cent for the month of December, 2015 (over December, 2014)…
RBI should intervene regularly to keep check on rupee's value, say economists

RBI should intervene regularly to keep check…

New Delhi Jan 15 (KNN)  Indian economy has witnessed the weakest fall in rupee since September 2013 creating a ruffle among the economists about the impact…
Rupee at its lowest since September 2013

Rupee at its lowest since September 2013

New Delhi Jan 15 (KNN)  The Rupee is continuing its downward trend to weaken further and slipping to a low of Rs 67.44 against the dollar today. …
Centre to launch 2nd tranche of sovereign gold bond scheme on Jan-18

Centre to launch 2nd tranche of sovereign…

New Delhi Jan 15 (KNN) The central government is going to launch a second tranche of sovereign gold bond scheme, available for public subscription from January…
Refinancing to public sector banks & MFIs so far this fiscal is Rs 1,500 cr: MUDRA CEO

Refinancing to public sector banks & MFIs…

Kolkata Jan 14 (KNN)  Micro Units Development and Refinance Agency (MUDRA) which was set up to support development in an inclusive and sustainable manner…
SEBI relaxes norms for SMEs to delist from stock exchanges

SEBI relaxes norms for SMEs to delist…

New Delhi Jan 14 (KNN) To weed out the large number of illiquid stocks, capital markets regulator SEBI has relaxed norms for small companies with thinly traded…