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October 29, 2019 8:38 AM
The Reserve Bank has imposed a penalty of Rs 35 lakh on Tamilnad Mercantile Bank for violating norms on frauds classification and notification. The RBI said in a release that it imposed the fine via an order dated October 24, 2019. It stated that the bank has been penalised for non-compliance with c...
October 25, 2019 8:14 AM
India has jumped 14 places to take the 63rd position on the World Bank's ease of doing business ranking. The country was 77th among 190 countries in the previous ranking. In its Doing Business 2020 report, the World Bank commended the reform efforts undertaken by the country. India has impr...
October 24, 2019 7:26 AM
The Sovereign Gold Bond Scheme 2019-20 (Series-6) opened. It will continue till Friday. The issue price of the Bond during this subion period will be three thousand eight hundred and 35 rupees per gram, with the settlement date of 30th of this month. The Centre, in consultation with the Reserve Bank...
October 24, 2019 7:24 AM
The Government has relaxed norms for setting up petrol pumps allowing non-oil companies to venture into the business. The move could help private and foreign firms to enter the fuel retailing sector. The Cabinet Committee on Economic Affairs yesterday approved the Review of Guidelines for Granting ...
October 24, 2019 7:22 AM
The government today approved a revival plan for BSNL and MTNL, announcing that neither the two companies are being closed nor disinvested. Briefing reporters about the cabinet decision, Communications and IT Minister Ravi Shankar Prasad said, the Cabinet has approved a revival plan and gave in-prin...
October 22, 2019 9:36 PM
October 22, 2019 11:20 AM
October 20, 2019 8:40 PM
The Public sector Metals and Minerals Trading Corporation of India (MMTC) is offering a three per cent discount on the India Gold Coin to mark the celebrations of the 150th birth anniversary of Mahatma Gandhi. Talking to AIR, MMTC Chairman Ved Prakash said that despite the global slow down, MMTC wi...
October 20, 2019 4:49 PM
Foreign portfolio investors (FPIs), have infused a net sum of 5,072 crore rupees into the Indian capital markets this month so far amid the government's efforts to revive domestic demand. As per the latest depositories data, foreign investors put in a net sum of 4,970 crore rupees in the eq...
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