Category: Business News
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RBI changed these rules related to money transactions,
(Aditya Shaw, Intern Journalist): The Reserve Bank of India (RBI) keeps on announcing any new facility to provide better facilities to the customers. Now RBI has made another big announcement for crores of customers. Since December, banks have changed an important rule related to money transactions. In October, the RBI announced that the Real Time…
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Manufacturing activities fall to three-month low in November
(Pooja Dubey, Intern Journalist) The pace of growth in the country’s manufacturing activities has slowed down again. The country’s manufacturing activities have fallen to a three-month low in November due to a decrease in factory orders, exports, and purchases. This information has been found in a monthly survey released on Tuesday. The Manufacturing Procurement Managers…
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15 percent pay hike for bank employees
(Milcah Anila, Intern Journalist) New Delhi: A 15 percent pay hike will apply to public and private bank employees as per an agreement reached between bank employees and the Banks Association of India (IBA). With the pay hike for bank employees, banks will not have to bear the burden of Rs 7,900 crore annually. Employees…
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Rupee gains on the weakness of Dollar Index and FII investments in Stocks
(Milcah Anila, Intern Journalist) MUMBAI: The dollar index has lost ground on news that Democratic candidate Joe Biden will take over as the 46th president. The dollar recently hit a two-month low against six major currencies. This is the third day in a row that the domestic currency has rebounded. At the Interbank Foreign Exchange…
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Do Saudi Aram Co-RIL talks begin?
(Milcah Anila, Intern Journalist) MUMBAI: Diversified giant Reliance Industries has resumed talks with foreign oil giant Saudi Aramco, English media reported. Reliance Industries has already struck a deal with Saudi Aramco to sell a 20 percent stake in the oil-chemicals business. However, industry sources said that the negotiations have stalled due to the slowdown in…
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GSTN infra upgraded to handle up to 3 lakh users concurrently
(Riya Singh, Intern Journalist): GST Network’s infrastructure has been upgraded to handle up to 3 lakh logged-in users at a time, GSTN said on Sunday. Besides, the Goods and Services Tax Network (GSTN) has introduced auto-populated sales return form GSTR-3B in PDF form which will be available from October 2020 tax periods onwards. The complete…
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Economy will bounce back till next financial year: SBI chairman
(Aditya Shaw, Intern Journalist): In the midst of the Corona crisis, in October, all the indicators are telling that reformment in Economy has started. State Bank of India (SBI) chairman Dinesh Kumar Khara said that the economy will come back on track in the next financial year i.e. 2021-22. The economy will changeDinesh Kumar said…
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Credit growth of banks in last fortnight was 5.06%, deposits grew by 10.12%
Aatmja Kumari(Intern Journalist): Credit growth of banks has been 5.06% in the fortnight ended 23 October. The total credit during this period has been Rs 103.39 lakh crore. At the same time, bank deposit growth has been 10.12% and it has been Rs 142.92 lakh crore. This information is given in the Reserve Bank of…
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Created own multinational company after seeking for a job for 4 months at 170 places
(Aditya Shaw, Intern Journalist): Getting out of the dusty lanes of the Kabir Colony on Anoopshahar Road, the path was not easy for Aamir Qutub, the former secretary of the Aligarh Muslim University Students Union, who founded a multinational company in Australia. Aamir, who left for the job of a multinational company in Delhi and…
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More than 11 lakh MSMEs got registration
(Harleen Kaur, Intern Journalist) The central government said on Saturday that more than 11 lakh MSMEs have registered under the new online system of enterprise registration. This arrangement started in July this year. Of these, 3.72 lakh enterprises have registered under the manufacturing category. At the same time, 6.31 lakh enterprises registered under this system…