A public interest litigation petition was filed by advocate A.R. Jeyarhuthran seeking a direction to quash the May 3, 2012 Reserve Bank of India communication which stated that it was "not regulating the rate of interest being collected by private non-banking financial companies NBFC in the Madras High Court Bench at Madurai on Friday.
With all the major the hurdles for the World Trade Pact being removed, US President Obama has chosen this occasion to praise Indian Prime Minister, Mr. Narendra Modi.
Eminent Economist, Mr. Arvind Virmani expressed that the continuing trend of falling prices of crude oil in the international market can help the country to get over the current financial deficit.
Plans to curb gold import
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The government is setting plans to bring about limitations on gold import by huge private agencies, aiming to bring down the total consumption of the yellow metal in the country.
Gold price reduced Rs.72 per sovereign
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The cost of gold has reduced Rs.72 per sovereign on Friday evening (Nov 14, 2014).
Gold price increased Rs.8 per sovereign
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The cost of gold has increased Rs.8 per sovereign on Friday morning (Nov 14, 2014).
The Secretary for the ministry (Department) of coal, Mr. Anil Swarup, has informed that the central government would crystallize the coal mine allocation process before end of February.
Petrol and diesel rates hiked by Rs 1.50
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Following a hike in rates of petrol production tax, rates of petrol and diesel are increased by Rs 1.50 per litre.
Gold price reduced Rs.40 per sovereign
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The cost of gold has reduced Rs.40 per sovereign on Thursday evening (Nov 13, 2014).
Gold price increased Rs.24 per sovereign
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The cost of gold has increased Rs.24 per sovereign on Thursday morning (Nov 13, 2014).
According to government sources, though the subsidized price of gas cylinders is kept paused for few people, there is no difference in price of cylinders as of now.
