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IDBI Bank announces repayment of 11.5% SLR bonds
IDBI Bank today announced the repayment of its 11.5 per cent SLR bonds, 2009 on September 26, 2009.

Inter-state transactions may come under tax ambit
With less than five months left for the proposed roll-out of the Goods and Services Tax (GST), the empowered group of state finance ministers today suggested a model of inter-state goods and services tax (IGST) for inter-state transactions. The Centre would levy GST which would comprise central and state GST, with appropriate provision for consignment or stock transfer of goods and services.

News of the day

Pak blames lack of consensus in India for stalled dialogue
Pakistan has said "political compulsions" and "divisions in Indian polity" were preventing India from holding dialogue with Islamabad, after the foreign ministers of the two countries avoided a meeting despite being under the same roof.
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Forex reserves up $22 million

India’s foreign exchange reserves rose $22 million to $283.52 million during the week ended January 1, mainly due to the revaluation of gold. - Forex reserves fall by $144 mn to $283.4 bn - Forex reserves up by $1.379 bn to $286.723 bn - Forex reserves dips by $1.03 bn to $285.34 bn - Forex reserves up at $286.376 billion - Forex reserves up by $1.023 bn to $285.414 bn - Forex reserves down $1.13 bn According to the data released by the Reserve Bank of India (RBI), foreign currency assets declined $85 million to $258.63 billion. Gold under the reserves went up by $110 million to $18.29 billion, while special drawing rights dropped $3 million to $5.17 billion.


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