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In an effort to track pure price changes in manufactured commodities without factoring in the effects of tax fluctuations

April 03, 2014 8:51 IST | India Infoline News Service
The Reserve Bank of India issued a set of instructions to banks offering gold metal loans, directing them to strengthen their credit appraisal process in the wake of frauds committed by certain unscrupulous jewellers. (BS)

In an effort to track pure price changes in manufactured commodities without factoring in the effects of tax fluctuations, a high-level committee has proposed to do away with the excise duty component on manufactured goods while computing the wholesale price index. (ET)

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