Mumbai: The rupee edged 2 paise higher to 68.51 against the US dollar in early trade on Tuesday ahead of the Federal Reserve's policy meet. Besides the greenback's weakness against some currencies overseas, increased selling of the American currency by exporters as well as banks supported the rupee, forex dealers said.
Kolkata: Reserve Bank of India has proposed a rule-based approach in fixing new Ways and Means limits for the state governments, replacing the previous expenditure-based system.
Senior officials from the Reserve Bank of India met about two dozen bankers on Monday for feedback on the central bank's new cash infusion tool, according to two bankers who attended the meeting.
Chennai: Similar to co-operative agricultural bodies to market produce directly and ensure value addition, textile department officials are now looking to create ‘weaver companies’ for small power loom weavers.
The Narendra Modi government has introduced the much-needed second generation reforms with several game-changing decisions over the last five years, said Finance Minister Arun Jaitley on Monday, cheering the GST introduction, saying it will increase the assessee base in the first twenty-one months of its implementation by almost eighty percent.
Similarly, jute manufacturing (including floor covering) reported a decline of 10% to $23 million as compared to $26 million in February 2018.