Gold exports from India have halved in August to $561 million as compared to July. The imports are restricted by the government and RBI by levying huge import duty, the export of the yellow metal is directly affected.
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Oil Minister M Veerappa Moily has mentioned that no proposal has been moved to the Cabinet for raising diesel rates beyond the 40-50 paise a litre monthly increase, which has been implemented since January this year. As on this day, there is no proposal to increase price of diesel except for what the Cabinet had authorised in January.
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The truth is that a large number of mobile subscribers in rural areas do not have access to banking facilities presents an opportunity for leveraging the mobile telephone to achieve the goal of financial inclusion. Unstructured Supplementary Service Data (USSD) appears to be one of the most promising modes of mobile banking for financial inclusion. Hence the Telecom Regulatory Authority of India.
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