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Economy

RBI appoints committee on credit to small businesses; Vikram Pandit on panel

RBI appoints committee on credit to small…

Mumbai, Sept 23 (KNN)  The Reserve Bank of India (RBI) today announced the appointment of a committee which will frame a clear vision for improving comprehensive…
Govt clarifies gold re-export norms

Govt clarifies gold re-export norms

New Delhi, Sept 21 (KNN)  Clarifying the gold import norms, the Ministry of Commerce has said that at least 20 per cent of the imported metal could be…
Rajan surprises; raises benchmark interest - industry upset

Rajan surprises; raises benchmark interest - industry…

Mumbai, Sept 20 (KNN) Against the backdrop of high expectations from new Governor Raghuram Rajan, the Reserve Bank of India  today raised the policy interest…
RBI asks banks to open more MSE branches

RBI asks banks to open more MSE…

Mumbai, Sept 19 (KNN) The Reserve Bank of India (RBI) has advised banks to improve credit flow to micro, small and medium Enterprises (MSMEs) with focus on…
MSMEs seek special RBI window for low interest rates

MSMEs seek special RBI window for low…

New Delhi, Sept 18 (KNN)  Ahead of the credit policy review, micro, small and medium enterprises have asked the Reserve Bank of India (RBI) to provide…
Import duty on gold jewellery raised; move to protect artisans

Import duty on gold jewellery raised; move…

New Delhi, Sept 17 (KNN)  Government today raised import duty on gold and silver jewellery from 10 per cent to 15 per cent  to protect…

Industry body and EEPC express disappointment on duty drawback rates

Industry body and EEPC express disappointment on…

New Delhi, Sep 17 (KNN) Engineering Export Promotion Council (EEPC) and PHD Chamber of Commerce and Industry have expressed disappointment and concern over…
RBI asks banks to seek only basic info under KYC norms

RBI asks banks to seek only basic…

New Delhi, Sept 17 (KNN) The Reserve Bank of India has asked banks to seek only basic information under the 'Know Your Customer' norms and not insist…
Inflation goes up; high interest rates to damage the SMEs

Inflation goes up; high interest rates to…

New Delhi, Sept 16 (KNN) Inflation based on Wholesale Price Index (WPI) went up to 6.10 per cent in August from 5.79 per cent in July again making it almost…
Anti-dumping probe on insulators imported from China

Anti-dumping probe on insulators imported from China

New Delhi, Sep 14 (KNN) Ministry of Commerce  has started an anti-dumping investigation on imports of electrical insulators from China which are used…