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Exchange Earners Foreign Currency

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SIT to probe 4,000 UP madrasas receiving foreign funds

The Uttar Pradesh government has set up a special investigation team to investigate into 4,000 madrasas, mostly running along the border with Nepal, which are allegedly receiving funds from abroad,......

The tale of the 16 ED notices to Lalit Modi

Lalit Modi has received 16 showcause notices from the Enforcement Directorate for alleged violations of the Foreign Exchange Management Act. Of these, 15 were issued under the United Progressive......

Falling rupee puts spotlight on govt in election year

Brokerage firm CLSA says in its interactions with government officials, measures such as the dollar-deposit scheme were under consideration. Orchestrated demands to strengthen the rupee are being......

'When people are suffering, how can you call it a good cause?'

'How can you ask the common man alone to suffer when the rich is not doing any sacrifice?''To take out 10% of black money, you are punishing 90% of the public who have genuine white money.' A......

Demonetisation has hit at the heart of businesses

From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.  Viveat Pinto & Aditi Divekar, Chandan Kishore......

What RBI could do to help exporters

The contraction in merchandise exports ease to a single digit on a year-on-year basis in the March quarter.   Last week, the Reserve Bank of India’s monetary policy report said global......

IT sector enters the slow lane

For top IT services firms, revenue growth in FY15 was the slowest since the Lehman crisis The global slowdown is hurting India’s information technology (IT) services sector, its biggest......

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