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Economy

Kejriwal simplifies VAT procedure for Delhi traders

Kejriwal simplifies VAT procedure for Delhi traders

New Delhi, Feb 3 (KNN)  With elections round the corner, Arvind Kejriwal has made a number of important announcements, including simplification of VAT…
New tariff value for brass scrap, amongst others

New tariff value for brass scrap, amongst…

New Delhi, Feb 3 (KNN) The government today announced new tariff value for global trade in a host of items including brass scrap, crude palm oil, gold and…
Retail inflation for industrial workers eases to 9.13%

Retail inflation for industrial workers eases to…

New Delhi, Feb 1 (KNN)  Though the retail inflation for industrial workers has eased to 9.13 per cent in December compared to 11.47 per cent in November…
RBI ombudsman asks banks not to levy pre-payment penalty on loans

RBI ombudsman asks banks not to levy…

Mumbai, Feb 1 (KNN)  Reserve Bank of India's (RBI) banking ombudsman has recommended banks to discontinue pre-payment penalty on home and auto…
Exports from SEZs increase four fold in 2012-13; employ 11.5 lakh people

Exports from SEZs increase four fold in…

New Delhi, Jan 31 (KNN) While exports from Special Economic Zones (SEZs) have grown four fold to USD 87.55 billion in the year 2012-13, SEZs also provide direct…
Towards financial inclusion, RBI strives to penetrate into unbanked areas

Towards financial inclusion, RBI strives to penetrate…

New Delhi, Jan 29 (KNN) Reserve Bank of India (RBI) has made sustained efforts to increase the penetration of formal financial services in unbanked areas,…
Indian Bank recorded 21% growth in MSME portfolio

Indian Bank recorded 21% growth in MSME…

Visakhapatnam, Jan 29 (KNN) Indian Bank has recorded a growth of 21.3 per cent in MSME portfolio, and priority sector advances grew by 12.1 per cent to Rs…
SBI to open 3-5 lakh Point of Sales

SBI to open 3-5 lakh Point of…

Mumbai, Jan 29 (KNN)  As an ambitious initiative to expand banking services, the State Bank of India (SBI) today announced plans to deploy…
Pre-2005 notes to expire on March 31; RBI says it's an attempt to reduce counterfeiting

Pre-2005 notes to expire on March 31;…

Mumbai, Jan 29 (KNN) In an attempt to reduce the possibility of counterfeiting, Reserve Bank Governor Raghuram G Rajan has said that the withdrawal of pre-2005…
India, Zimbabwe to cooperate in food processing, gems & jewellery, skill training

India, Zimbabwe to cooperate in food processing,…

Bengaluru, Jan 28 (KNN)  Meeting his counterpart from Zimbabwe today, the Union Minister of Commerce and Industry, Anand Sharma put forward his views…