10 NBFCs surrender registration certificate
Uploading Date : 07-02-2017Reserve Bank today said 10 Non Banking Finance Companies (NBFCs), including Supreme Securities and Island Leasing, have surrendered their registration certificate..........
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Exports from SEZs touch Rs 2.36 lakh cr during April-September
Uploading Date : 07-02-2017Exports from special economic zones (SEZs) have touched Rs 2.36 lakh crore during April-September period of the current financial year, Parliament was informed today..........
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Vodafone-Idea India merger seen handing rivals cheap spectrum
Uploading Date : 06-02-2017A merger under discussion between Vodafone Group Plc.’s India unit and Idea Cellular Ltd. would create a new leader in one of the world’s most competitive mobile-phone markets. For rivals, there’s a silver lining: bandwidth on the cheap...........
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Not-so-fast consumer goods will take time to regain pace
Uploading Date : 06-02-2017Indian consumer-goods companies need to wait until April for revival of growth that appeared stunted after the November 8 currency swap, which crimped the purchasing power of millions of rural households using cash to buy shampoos, soaps or packaged cookies..........
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Economists expect RBI to go for 25 bps cut next week
Uploading Date : 04-02-2017Bank credit increased by nearly Rs 1.7 lakh crore during the current financial year up to January 20, 2017, as compared to a more than Rs 11-lakhcrore increase in deposits. This huge gap in growth of banks' resources, even as demand remains tepid, points to further reduction in interest rates.............
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Economy to grow more than 7% next fiscal: Shaktikanta Das
Uploading Date : 04-02-2017Stepping up the growth pitch, Economic Affairs Secretary Shaktikanta Das today expressed confidence that the economy will grow upwards of 7 per cent next fiscal.............
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Allocation for food law up at Rs 1.45L crore for FY18
Uploading Date : 03-02-2017The allocation for food subsidy has been increased to Rs 1.45 lakh crore next fiscal from Rs 1.3 lakh crore this year to provide for the new food law, which has been rolled out in the entire country, Food minister Ram Vilas Paswan said today.............
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RBI permits NRIs access to ETCD market
Uploading Date : 03-02-2017RBI today allowed NRIs access to the exchange traded currency derivatives (ETCD) market to hedge currency risk arising out of their investments in India, a move aimed at providing them additional heding options..........
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