Business Daily from THE HINDU group of publications
Business Daily from THE HINDU group of publications |
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Money & Banking Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Events in July 2007 July 3: RBI issues norms for engaging telemarketers July 5: Payments made by a credit card, a debit card and use of an electronic clearance system through a bank account would now fall outside the scope of expenditure disallowance by the taxman even if the amount involved exceeded Rs 20,000. July 11: The Reserve Bank of India authorises banks to create a fund of Rs 798 crore for the sugar industry, which would have to be used exclusively for payment of cane arrears to farmers. Mr Rajender Mohan Malla takes over as Chairman & Managing Director of Small Industries Development Bank of India. July 17: The Reserve Bank of India allows Urban Co-operative Banks to act as agents or sub-agents under money transfer service schemes. July 20: The country’s forex kitty swells by an additional $4.12 billion during the week ended July 13, 2007, taking the total reserves to $218.956 billion. July 31: The Reserve Bank of India hikes the Cash Reserve Ratio by 0.5 percentage points to 7 per cent.
Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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