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Economy

Customs duty on edible oil import increased

Customs duty on edible oil import increased

New Delhi, Jan 10 (KNN)  The government has decided to increase the customs duty on refined edible oil by 2.5 per cent to protect the Indian industry.
Exports up moderately in December

Exports up moderately in December

New Delhi, Jan 10 (KNN)  Exports in December 2013 amounted to USD 26.34 billion showing a 3.49 per cent growth over the same month last year, while imports…
EPFO to launch software to monitor private PF Trusts

EPFO to launch software to monitor private…

New Delhi, Jan 9 (KNN) In order to improve delivery services of the retirement fund, Employees' Provident Fund Organisation (EPFO) will launch software…
Sharing of foreign exchange data will ensure transparency, ease of doing business

Sharing of foreign exchange data will ensure…

New Delhi, Jan 9 (KNN)  With a view to ensuring effective sharing of foreign exchange data in a transparent manner and at the same time improving the…
RBI allows NBFCs to lend more against gold

RBI allows NBFCs to lend more against…

New Delhi, Jan 9 (KNN) The Reserve Bank of India (RBI) has allowed Non-Banking Financial Companies (NBFCs) to lend up to 75 per cent of the value of gold jewellery…
DIPP seeks views on FDI in e-commerce

DIPP seeks views on FDI in e-commerce

New Delhi, Jan 8 (KNN)  The Department of Industrial Policy and Promotion has released a paper highlighting the advantages and disadvantages of foreign…
RBI committee suggests 'Payment Banks' for SMEs

RBI committee suggests 'Payment Banks' for SMEs

Mumbai, Jan 8 (KNN) In order to redress the imbalance and issues of risks costs for providing better access to financial services to small businesses and low…
Fin Min against easing gold imports

Fin Min against easing gold imports

New Delhi, Jan 7 (KNN) Amidst the Commerce Ministry supporting the jewellers demand for lifting off import curbs on gold, the Finance Ministry does not seem…
SEBI looking to safeguard interest of small investors

SEBI looking to safeguard interest of small…

Jaipur, Jan 6 (KNN)  The Securities and Exchange Board of India has opened 16 offices in India with an aim to educate and protect investors, especially…
Direct tax collection up 12.33% in April-December at Rs 4,81,914 cr

Direct tax collection up 12.33% in April-December…

New Delhi, Jan 6 (KNN) Gross direct tax collections during April-December of the financial year 2013-14 is up by 12.33 per cent at Rs 4,81,914 crore as against…