RBI seeks comments from public on 'Draft Charter on Customer Rights'

The Reserve Bank has sought comments from the public on its 'Draft Charter on Customer Rights'. It contains five basic points related to Fair Treatment, Transparency, Fair and Honest Dealing, Right to Suitability, Right to Privacy and Right to Grievance Redress and Compensation. Th...

India's forex reserves up by 43.3 million dollars

India's forex reserves rose by 319.39 billion dollars, up by 43.3 million dollars in the week ended 15th of August by 319.39 billion dollars, up by 43.3 million dollars in the week ended 15th of August. After declining for two weeks, India's forex reserves rose by 319.39 billion do...

RBI notifies increase in deposit money under PPF

RBI has notified the increase in deposit money under Public Provident Fund, PPF to 1.5 lakh rupees from 1 lakh rupees. This is in pursuance to an announcement made by the Finance Minister Arun Jaitley earlier this month. After the new ruling, people can now deposit up to 1.5 lakh rupees annually in ...

NRI business leaders express keen interest in investments in MP

NRI business leaders from Dubai, Abu Dhabi and the gulf region have expressed a keen interest in the investments in Madhya Pradesh. A delegation of expatriate Indian businessmen and professionals will visit Indore to attend the Invest MP- the global investment summit in Madhya Pradesh during October...

The Planning Commission has called a meeting of its former Deputy Chief and members on 26th of this month to deliberate on the structure of the new body which will replace the 64-year-old institution. Sources said that, the Commission has invited former members and some experts to attend the meeting...

SEBI orders closure of unauthorised collective investment schemes run by PACL

In its biggest-ever crackdown on a ponzi scheme, the Securities and Exchange Board of India - SEBI on Friday ordered immediate closure of unauthorised collective investment schemes run by PACL Limited and refund investors' money within three months.As per Sebi's order, the total am...

SEBI orders closure of unauthorised collective investment schemes run by PACL

In its biggest-ever crackdown on a ponzi scheme, the Securities and Exchange Board of India - SEBI on Friday ordered immediate closure of unauthorised collective investment schemes run by PACL Limited and refund investors' money within three months. As per Sebi's order, the total a...

Govt sets up 4-member panel to work out new gas pricing mechanism<br/>

Government has set up a four-member panel of secretaries from different ministries to work out a new gas pricing mechanism. Additional secretary in oil ministry, secretary of expenditure in the Finance ministry and Power and Fertilizer secretaries will be the part of the panel. The first meeting of ...

RBI notifies increased PPF deposit limit of Rs 1.5 lakh per year<br/>

RBI has notified the increase in deposit money under Public Provident Fund, PPF to 1.5 lakh rupees from 1 lakh rupees earlier. This is in pursuance to an announcement made by the Finance Minister Arun Jaitley earlier this month. After the new ruling, people can now deposit up to 1.5 lakh rupees annu...

Suggest ideas to promote industry: MSME Min to States

Minister for Micro, Small and Medium Enterprises, MSMEs Kalraj Mishra has called for better coordination between states and Centre for the growth of small scale industry in the country. He said MSMEs have played an important role in the economic and social development and government is committed to ...