Allows interest on exchange earner's foreign currency accounts
RBI balm for blighted exporters Reserve Bank of India (RBI), on Saturday, decided to permit all exporters to earn interest on Exchange Earners Foreign Currency (EEFC) accounts to the extent of outstanding balances of US$1 million per exporter.
MORE SECTORS GET RELIEF
Centre too does its bit with more sops The Centre, on Saturday, announced further relief measures for exporters hit by a rising rupee currency and added more sectors eligible for lower bank lending rates on pre- and post-shipment.
UTI, SBI & LIC are fund managers
Govt floats investment fund finally The Centre, on Saturday, launched the national investment fund (NIF) which aims to use the returns from investment of disinvestment proceeds to fund social sector projects and partly to meet capital investments in profitable public sector units.
ONGC mulls Rs 5,713 cr capex to boost oil fields Faced with the urgent task of boosting domestic oil and gas exploration, Oil & Natural Gas Corporation Limited (ONGC) has decided to pump in more funds to redevelop some of its marginal fields.
North America, Asia key M&A hub for India Inc North America and Asia are favourite hunting grounds of India Inc on global acquisition chase with takeovers deals in these regions touching $7 billion and $4.2 billion within first four months of the current fiscal.
Resplendent raga... Actress and Titan Raga brand ambassador Rani Mukherji at the launch of 'Raga Crystals', a new collectionof women's watches, in Mumbai. The price range of the collection is between Rs 3,495 and Rs 6,995. The collection has a total of eight distinct styles in 25 models and comes in silver metal, bi-metal, yellow metal and even in rose gold looks. The Raga Crystals have been launched with an eye on the upcoming festivals of Dasara and Diwali in the country. PTI
Champions in sports other than cricket complain that Indian cricketers get disproportionate rewards as compared to them. Are they justified in complaining? Is the recognition of achievements related to the popularity of the game? Deccan Herald had invited its readers to send in their opinions. Most readers feel that cricket is over-glorified and its players are pampered at the cost of other sports. Others contend that cricket is the nation’s religion and the players certainly deserve the booty.
