Friday, September 6, 2013

Commerce department pushes new RBI Governor for priority sector lending to exports

.....Apparently, Commerce Secretary S R Rao had taken up the matter “personally” with Raghuram Rajan, who took over as the country’s central bank governor on Wednesday, urging him to notify the rules based on recommendations by a committee headed by G Padmanabhan, executive director, RBI. The report by the technical committee on services/facilities for the exporters was submitted in May, but “internal processes within RBI has delayed the implementation”,..........

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