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Economy

Bankers suggest cheaper credit to mid-cap exporters, inclusion of venture capital for SMEs

Bankers suggest cheaper credit to mid-cap exporters,…

New Delhi, Jun 10 (KNN) Making cheaper credit to hundred mid-cap exporters and providing interest subsidy for solar power projects along with increased tax…
RBI asks banks to keep 60% liquidity coverage ratio from Jan 2015

RBI asks banks to keep 60% liquidity…

Mumbai, Jun 10 (KNN) The Reserve Bank of India (RBI) has finalized the banks’ liquidity coverage ratio plan and has said that the Basel III liquidity…
RBI simplifies requirement for submission of 'proof of address'

RBI simplifies requirement for submission of 'proof…

Mumbai, Jun 9 (KNN)  Having received representations from migrant workers and transferred employees regarding problems faced in submitting a proof of…
NABARD reduces rates of refinance with focus on investment credit

NABARD reduces rates of refinance with focus…

New Delhi, Jun 9 (KNN) The National Bank for Agriculture and Rural Development (NABARD) has reduced the rate of interest by 20 basis points (bps) on their…
Govt to set up task force to revive MSME sector: President

Govt to set up task force to…

New Delhi, Jun 9 (KNN) The government will set up a task force to review and revive the MSME sector, said President Pranab Mukherjee while listing out priorities…
Focus should be on skill, scale & speed to compete with China:  PM

Focus should be on skill, scale &…

New Delhi, Jun 9 (KNN)  Calling for skill development to be a priority area, Prime Minister Narendra Modi has said that the country needs to exploit the…
Govt indicates, MSMEs may receive FM attention in Budget

Govt indicates, MSMEs may receive FM attention…

New Delhi, June 7 (KNN) The MSMEs should get some attention from the new Government at the Centre as indicated by the  issues listed by the Finance…
RBI allows pledge of shares for business purposes in favour NBFCs

RBI allows pledge of shares for business…

Mumbai, June 7 (KNN) The Reserve Bank of India (RBI) has said that the shares of an Indian company held by the non-resident investor can be pledged in favour…
Skill development would be given priority, says FM in pre-budget consultation

Skill development would be given priority, says…

New Delhi, Jun 6 (KNN) In a Pre-Budget Consultation meeting with representatives of the Central Trade Unions, Union Finance Minister Arun Jaitley said that…
Govt says can live with FTAs; domestic units want protection from imports

Govt says can live with FTAs; domestic…

New Delhi, Jun 5 (KNN) Admitting that some of the Free Trade Agreements allowing unrestricted imports , have resulted in duty inversion, the Commerce Ministry…