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India to reduce bank lending rate for exporters: Commerce minister

Friday, June 21, 2019, 4:13 PM

India's government is working with the Reserve Bank of India as well as private banks to reduce lending rates for exporters, commerce minister Piyush Goyal said on Friday. Piyush Goyal also told a press conference India saw a "$50 billion" opportunity for exporters, due to ongoing global trade wars, without specifying a time period.
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Government to slash approvals needed to open kirana stores, eateries

Thursday, June 20, 2019, 11:11 AM

The government is planning to significantly cut down the number of approvals required for opening kirana shops or eateries, amid demands to move to a single-window regime to reduce red tape and make it easier to do business at the grass roots. Currently, opening a store requires 28 clearances in India, Similarly, a dhaba or a restaurant requires around 17 approvals.
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51 Of 56 Union Ministers In New Central Government Are Crorepatis

Saturday, June 1, 2019, 7:23 AM

Out of the 56 ministers in the newly-formed Cabinet of PM Modi, 51 are crorepatis, with Harsimrat Kaur Badal Shiromani Akali Dal lawmaker from Bathinda in Punjab being the richest with assets over Rs.217 crore, according to National Election Watch (NEW) and Association for Democratic Reforms (ADR). After the Punjab lawmaker is Maharashtra Rajya Sabha Member Piyush Goyal with assets worth over Rs.95 crore.

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