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Economy

RBI Governor says base rate should not come in the way of banks offering lower lending rates

RBI Governor says base rate should not…

New Delhi, Dec 3 (KNN)  Addressing a teleconference  after the bi-monthly policy announcement on December-1, RBI Governor Raghuram Rajan stressed…
First tranche of Sovereign Gold Bonds 2015-16 receives good response: RBI

First tranche of Sovereign Gold Bonds 2015-16…

Mumbai, Dec 2 (KNN)  The first tranche of the Sovereign Gold Bond (SGB) which was open for subscription from November 5, 2015 to November 20, 2015 has…
India's factory activity hits 25-month low at 50.3 in November

India's factory activity hits 25-month low at…

New Delhi, Dec 1 (KNN) India’s factory output fell for the fourth consecutive survey period and hit a 25-month low in November at 50.3 The reading was…
No rates cuts; RBI keeps key rates unchanged

No rates cuts; RBI keeps key rates…

Mumbai, Dec 1 (KNN) After slashing the key rates by 50 basis points in the previous monetary policy review in September, the Reserve Bank today decided to…
Fin Min expects economy to grow in the vicinity of 7.5% in FY 2015-16

Fin Min expects economy to grow in…

New Delhi, Dec 1 (KNN) The Finance Ministry is expecting the economy to grow in the vicinity of 7.5% during the current Financial Year 2015-16 and also observed…
UP has maximum no. of sick MSME units in India followed by Maharashtra and Gujarat

UP has maximum no. of sick MSME…

New Delhi, Nov 30 (KNN) Uttar Pradesh has the maximum number of sick units in India with Gujarat and Maharashtra at the second and third position. As per provisional…
BSE SME tumbles by 0.15% in morning trade

BSE SME tumbles by 0.15% in morning…

Mumbai, Nov 30 (KNN) The SME exchange of BSE slumped by 0.15 per cent on Monday morning with the market capitalization falling down to Rs 6,934.91 crore.
Mudra Yojana is not for the rich people: Venkaiah Naidu

Mudra Yojana is not for the rich…

New Delhi, Nov 27 (KNN) Stating that the Mudra Yojana is not for the rich people, Parliamentary Affairs Minister M Venkaiah Naidu while addressing the…
SKS Microfinance slashes interest rate by 1%; becomes first MFI to charge sub-20% interest rate

SKS Microfinance slashes interest rate by 1%;…

Mumbai, Nov 27 (KNN) SKS Microfinance today announced a 1 per cent reduction in the interest rate charged to borrowers from 20.75 per cent to 19.75 per cent…
Deadline for comments on Corporate Tax cut extended till Dec 31

Deadline for comments on Corporate Tax cut…

New Delhi, Nov 27 (KNN) In order to give sufficient time to stakeholders to study the plan, the Finance Ministry has extended the deadline for giving views…