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Economy

RBI tightens gold import norms

RBI tightens gold import norms

New Delhi, May 13 (KNN) RBI has tightened regulations for overseas purchase of gold by banks and has restricted loan facility to curb gold import.
Multi-brand retailers seek written assurances

Multi-brand retailers seek written assurances

New Delhi, May 13 (KNN)  Multi-brand retailers such as US based Walmart and French Carrefour have asked the government for assurances in writing about…
Prices of items used by common man still rule high

Prices of items used by common man…

New Delhi, May 13 (KNN)  Prices of cereals, pulses, eggs, fish, meat, sugar and footwear continued to increase by over 10 per cent during April 2013 despite…
Manufacturing share to GDP declines: ASSOCHAM

Manufacturing share to GDP declines: ASSOCHAM

New Delhi, May 11 (KNN)  Notwithstanding government’s attempt to bring manufacturing contribution to 25 per cent of the total economic activity…
GST exemption limit may be raised to Rs 25 lakh

GST exemption limit may be raised to…

New Delhi, May 11 (KNN) The empowered committee of State Finance Ministers has resolved to seek changes in the threshold for goods and services tax to Rs 25…
Govt forms committee to look into traders grievances over LBT

Govt forms committee to look into traders…

Mumbai, May 11, (KNN)   It may not be all over for traders in Mumbai after Supreme Court refused to put stay on imposition of Local Body Tax (LBT)…
Global retailers not keen on sourcing from MSMEs; lobbying hard for easing of norms

Global retailers not keen on sourcing from…

New Delhi, May 11 (KNN) Eight months after the government notifications allowing entry into India, global multi-brand retailers are dilly-dallying and lobbying…
SBI signs pact with South Korean Bank to help Korean SMEs

SBI signs pact with South Korean Bank…

New Delhi, May 11 (KNN)  State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with the Industrial Bank of Korea (IBK) to develop and…
E-filing of excise duty returns must for all

E-filing of excise duty returns must for…

New Delhi, May 10 (KNN) The Central Board of Excise and Customs (CBEC) is considering a proposal of making online filing of excise duty payment mandatory.…
RBI calls for measures to revive small sick units

RBI calls for measures to revive small…

New Delhi, May 9, (KNN)  RBI has asked banks to set up micro small enterprises rehabilitation cells (MRC) at all its zonal and circle headquarters for…

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