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Economy

J&K Bank to set up risk assessment system

J&K Bank to set up risk assessment…

Srinagar, Aug 25 (KNN)  In the wake of rising NPAs and failed enterprises, the PSU banks are trying to put in place advanced risk assessment systems and…
Online transactions via credit cards should be through bank in India & in rupee, says RBI

Online transactions via credit cards should be…

Mumbai, Aug 23 (KNN) The Reserve Bank of India (RBI) has directed that settlement of transactions using credit cards online, also known as card not present…
RBI issues draft of customer rights charter; seeks feedback

RBI issues draft of customer rights charter;…

Mumbai, Aug 23 (KNN) The Reserve Bank of India (RBI) has issued a draft of charter covering five basic customer rights which includes a right to fair treatment,…
Govt relaxes minimum export price on onion to boost export

Govt relaxes minimum export price on onion…

New Delhi, Aug 22 (KNN) In a bid to increase the export of onion, the government has relaxed the minimum export price (MEP) on onion to USD 300 per MT from…
Import duty on sugar hiked to 25%; prices may go up but sugar mills likely to revive

Import duty on sugar hiked to 25%;…

New Delhi, Aug 22 (KNN) With a view to reviving the cash starved sugar mills, the government has raised import duty on both raw and refined sugar to 25 per…
Financing is a greater obstacle for SMEs than it is for large firms, says RBI

Financing is a greater obstacle for SMEs…

Mumbai, Aug 22 (KNN) Obstacles to finance for small businesses due to information asymmetry and other frictions in the credit market and to individuals due…
Reduce cess-exemption limit for beedi mfg to 5 lakh beedis: advisory committee

Reduce cess-exemption limit for beedi mfg to…

New Delhi, Aug 22 (KNN)  The Central Advisory Committee on Beedi Workers Welfare Fund has recommended that the cess-exemption limit for beedi-manufacturers…
e-Marketplaces help women, rural entrepreneurs build own brands without stepping out

e-Marketplaces help women, rural entrepreneurs build own…

New Delhi, Aug 21 (KNN) e-Marketplaces provide many benefits to the retail ecosystem like job creation and skills training, innovation ecosystem and access…
Those with sales, revenue of Rs 10 lakh likely under GST; MSEs to be hit

Those with sales, revenue of Rs 10…

New Delhi, Aug 21 (KNN) The empowered committee of state finance ministers has recommended a threshold of Rs 10 lakh revenue for levy of Goods and Services…
NBFCs cannot lend more than 50% of the value of shares pledged: RBI

NBFCs cannot lend more than 50% of…

Mumbai, Aug 21 (KNN) The Reserve Bank of India today issued norms for lending against shares by non-banking financial company (NBFC) and said that NBFCs cannot…