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Reserve Bank of India revises regulations for non-banking finance lenders

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New Delhi-RBI has revised regulations for non-banking finance lenders by directing them to get themselves rated by March 2016.In the revised regulatory framework on NBFCs notified,Reserve Bank of India  further said, those asset finance companies (AFCs) failing to achieve investment grade ratings by the end of March 2016, should not accept fresh public deposits and renewing existing...

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India's foreign exchange reserves swells to all-time high of USD 340 billion

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New Delhi-Forex Reserves of India shot up to an all-time high of USD 339.99 billion in the week ended 20th March. A RBI press release has informed that foreign currency assets, a major part of the overall reserves, grew by USD 4.54 billion to USD 314.88 billion for the reporting week. In the previous week, the reserves had dropped by USD 2.06 billion to USD 335.73 billion.India's gold reserves remained unchanged at USD 19.837 billion ...

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Former PM Vajpayee to be conferred Bharat Ratna, highest civilian award
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New Delhi-Veteran Parliamentarian and former PM Atal Bihari Vajpayee will be conferred Bharat Ratna, the country's highest civilian award, on 27th March.President Pranab Mukherjee and Prime Minister Narendra Modi will be among a host of VVIPs who are likely to be present at the residence of Vajpayee in Lutyens' Delhi where he will be honoured.Bharat Ratna announced earlier for noted educationist and freedom fighter Madan Mohan Malviya will be given posthumously to his family..

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