Tuesday, December 11 2018

April 22, 2018

Indian economy is expected to accelerate in 2018-2019 – Urjit Patel

Washington-India growth is expected to expand at 7.4 per cent in the next fiscal said RBI Governor Urjit Patel.He was addressing the IMF Committee in Washington.He said Indian economy turned in a resilient performance in 2017-18, and it is expected to accelerate in 2018-2019.Mr Patel said, global demand is now improving, which should encourage exports and boost fresh investments. He

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April 22, 2018

PNB approached Hong Kong court against Nirav Modi in fraud case

New Delhi-Hong Kong authorities have been approached and recovery writ has been filed against companies of Nirav Modi,said Punjab National Bank.Nirav Modi is accused of a 13,000-crore rupee fraud.China, earlier this month, had said Hong Kong was free to accept India’s request to arrest Nirav Modi on the basis of the local laws of the region and judicial agreements between

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April 22, 2018

Reserve Bank of India revised KYC norms

Mumbai- KYC norms have been revised by RBI following the decision of Govt to update the PML rules in June last year.Reserve Bank of India made linking of national biometric ID Aadhaar to bank accounts mandatory. However, it said this will be subject to the final decision of the SC on making of Aadhaar mandatory.Till now, an Officially Valid Document

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April 21, 2018

Death penalty to those convicted of raping children up to 12 years

New Delhi-An ordinance to allow courts to award death penalty to those convicted of raping children up to 12 years of age has been approved by Union Cabinet.This move comes against the backdrop of the alleged rape and murder of girls in Jammu and Kashmir’s Kathua and Unnao district.Official sources said that the criminal law amendment ordinance seeks to amend

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