Siliguri News – Breaking News from North Bengal, North East India
The Reserve Bank of India cut its key deposit rate for the second time in three weeks on Friday to discourage banks for parking idle funds with it and push them toward lending to revive the economy amid the coronavirus lockdown. The RBI cut its reverse repo rate by 25 basis points (bps) to 3.75 per cent with immediate effect, as said by governor Shaktikanta das through a video conference. The rate had already been cut by 90 bps on March 27.
The government has allowed exports of 64,400 tonnes of onion to the United Arab Emirates and Bangladesh through the National Cooperative Exports Ltd (NCEL), according to notifications of the commerce ministry. Bangladesh will receive 50,000 tonnes of onion whereas UAE…
A leading apparel company for women, TCNS Clothing Company Limited has signed the Bollywood actress Alia Bhatt as the face for the brand for its ethnic-wear brand Aurelia. The actress will collaborate with the Indian ethnic wear brand to promote…
After appointing semiconductor veteran David Reed as CEO of the Vedanta-Foxconn joint venture, Indian mining company Vedanta has now appointed Terry Daly as advisor to the semiconductor business.Daly will be responsible for providing strategic advice and input as the group…