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The Reserve Bank of India will today announce the fourth bi-monthly policy review statement. The Monetary Policy Committee headed by RBI governor Urjit Patel started two-day deliberations with industry in Mumbai yesterday. The bi-monthly monetary policy statement is being keenly awaited by all stakeholders, especially the industry which has been demanding lower interest rates. Several experts and industry bodies have made a strong case for lowering of the key interest rate in view of subdued ...

 Government will come out with a strategy in next few days to double the country's export to USD 450 billion by 2014.Commerce and Industry Minister Anand Sharma said that within next three days, the government will come out with the "final strategy" for doubling the export in next three years.Sharma made this announcement yesterday in Jodhpur, where he laid foundation stone of the Footwear Design and Development Institute (FDDI), an official statement said here.The commerce ministry had sou...

Tax refund benefits relating to domestic transactions, considered as deemed exports, will now be processed electronically, the government said today. The Directorate General of Foreign Trade (DGFT), under the Commerce Ministry, has asked its regional authorities to disburse Deemed Export Drawback claims as well as terminal excise duty online. The move would help in making instant payment to exporters. According to a trade expert, "At present, under the Dee...

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