NATIONAL RBI sets limit on deposits under NRE category
Mumbai: The Reserve Bank of India (RBI) on July 17 set a maximum ceiling of 250 basis points above LIBOR on the interest rate offered by banks to expatriate Rupee deposits made under the non-resident external (NRE) category from July 17.
Bills to amend IDBI to be taken up in next session
New Delhi: Finance Minister Jaswant Singh on July 16 said the government intends to take up a number
of economic bills including the one to repeal IDBI Act, in the forthcoming monsoon session of Parliament.
INTERNATIONAL Indian telecom cos sign 22 MoUs with Israeli firms
Tel Aviv: Indian telecommunication companies have signed 22 memoranda of understanding (MoUs) with their Israeli counterparts covering a range of business activities in the growing sector.
