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India Infoline News Service/ 08:08 , Jan 15, 2013

The government has liberalised the procedure for export of pharmaceutical grade and specialty sugar.

With a view to encourage exports, the Reserve Bank of India (RBI) today extended the 2% interest subsidy scheme for exporters in segments like handicrafts, carpets, SMEs and certain engineering goods, by one year till March 2014.(BL)

The government has liberalised the procedure for export of pharmaceutical grade and specialty sugar. (BL)

Retail inflation came in at a higher than expected 10.56% in December, belying hopes of any aggressive policy rate cut by the RBI in the upcoming monetary policy review.(BL)

Banks will ask the Reserve Bank of India to allow them to pay interest on current account deposits at tomorrow’s meeting, in the run up to the central bank’s monetary policy review.(BS)

The finance ministry has sent its comments to the Reserve Bank of India on the proposed norms for the issue of licences to new private sector banks, raising hopes that the central bank may come up with the final guidelines soon.(ET)

In a breather to foreign investors, especially those coming via Mauritius, the government on Monday deferred the controversial General Anti-Avoidance Rules (GAAR) by two years, making the norms effective from the 2016-17 assessment year.(BS)

 



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