MONEY & BANKING
INSIGHT
Fed’s TAF programme: Just treating the symptoms?
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FOREX
Forex reserves fall by $599 m
Mumbai, Dec 21 After steadily increasing for the past couple of months and surging by an all-time high of $11.871 billion during the week ended September 28, the country’s forex reserves fell by $599 million to $272.954 billion for the ...
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RBI & OTHER CENTRAL BANKS
World Bank okays $225-m loan to Bihar
The World Bank approved $225 million loan/credit to Bihar to support the State in implementation of critical structural reforms to attain sustainable and inclusive development besides improving the delivery of services.While $150 ...
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FINANCIAL INSTITUTIONS
India Infrastructure gets tax sops
New Delhi, Dec 21 In a bid to give a further boost to infrastructure financing, the Finance Ministry has now allowed India Infrastructure Finance Company Ltd (IIFCL) to receive certain interest payments without them being subjected to tax ...
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World Gold Council tying up with micro finance institutions
For financing gold purchases in rural areas
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CREDIT MARKET
SBI loan campaign at Kakinada
Kakinada, Dec. 21 The State Bank of India is organising a loan ‘mahotsav’ at all the nine local branches for three days from Friday, according to a press release. Mr T.V.S. Ramana Rao, the assistant general manager, who ...
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Bank on mobiles, car batteries for financial inclusion
2007 witnesses implementation of IT-enabled pilot projects
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Indo-German pact for rural credit
The Union Government and the German Government Bank KfW have signed two loan agreements for financial assistance from Germany amounting to €190 million (Rs 1,070 crore). The first agreement was for providing soft loan of €140 million ...
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SHORT TERM INSTRUMENTS
Commercial paper issuances by corporates rise 80%
Fuelled by increased investments by mutual funds
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OVERSEAS INVESTMENTS
Indian holdings in US treasuries rise to $13.7 b
Bulk of the investments parked in short-term securities
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