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GST to have macro economic impact: RBI

GST to have macro economic impact: RBI

Mumbai:(IANS) Introduction of the GST system is expected to have a macro economic impact and will set a new course for cooperative federalism by strengthening Centre-state partnership, the RBI said in a report released here on Friday. According to the ...

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Islamic Banking in India: The Flip-flop

Islamic Banking in India: The Flip-flop

By Dr Shariq Nisar Shariah banking, PLS banking, Ethical banking, Interest-free banking are different names used to identify Islamic banking which primarily works without relying on interest mechanism. Interest is strictly prohibited in Islam and therefore many countries especially those ...

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Vishwanathan takes charge as RBI Deputy Governor

Vishwanathan takes charge as RBI Deputy Governor

Mumbai, (IANS) Reserve Bank of India (RBI) announced on Monday that N.S.Vishwanathan assumed office as a Deputy Governor, replacing H.R.Khan, who retired on turning 62. “N.S.Vishwanathan took over as the Deputy Governor of the Reserve Bank of India today (Monday),” ...

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India’s central bank leaves key rates unchanged

India’s central bank leaves key rates unchanged

Mumbai, (IANS) The Reserve Bank of India (RBI) on Tuesday left its key policy rates and reserve ratios unchanged, concerned over the slight rise in inflation and some domestic and global upside risks that have sprung up since April. The ...

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