In an announcement made by the assistant governor of Reserve Bank of India, K. C. Chakravarthy, he stated the central government has approved import of gold for five private companies under the 80:20 plan.
Gold price reduced Rs.48 Per Sovereign
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The cost of gold has reduced Rs.48 Per Sovereign on Thursday morning (March 20, 2014).
Google and Boston Consulting Group (BCG) have informed about the research report on insurance – in the year 2020, 3 out of the 4 insurance policies will be bought ‘on-line’!
Industrial houses aspiring to set up banks could be in for some disappointment, as the Reserve Bank of India (RBI) is in no mood to oblige any of them.
MTS launches new data plan
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MTS has launched a new plan Super Unlimited’ targeting high-usage customers in India. The company has launched the plan for both pre- and post-paid subscribers.
Import tariff value on gold hiked
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The central government has hiked the import tariff value on gold to $445 per 10 gm from $433 per 10 gm earlier.
All wholesale commodity markets, including bullion,the BSE, National Stock Exchange, forex and commodity futures will remain closed today ( March 17, 2014 ) for Holi festival.
On Thursday, Reserve Bank of India hiked the trade related remittance limit from Rs.2 lakh to Rs.5 lakh per transaction, amid increased number of transactions handled by exchange houses.
Decline in gold rate attracts no buyer
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Gold rate in the past few days has been declining gradually and this has obviously created an impact on sales at jewelry stores across the city.
Plan for 200 Trivial Airports
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Government has planned to connect several small cities in India via 200 small airports.
Gold rate reduced in Chennai
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The cost of gold has reduced Rs.16 Per Sovereign on Tuesday evening (March 11, 2014).
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