CII asks RBI to relook circular on opening of current accounts

NEW DELHI, Industry body CII has urged the Reserve Bank to reconsider its circular regarding opening of current accounts saying that the guidelines are likely to disrupt the servicing of clients by banks leading to inefficiencies and delays. The RBI on August 6 issued a circular imposing restrictions on opening …

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West Bengal to invest Rs 20,000 cr in power sector in five years: Minister

West Bengal will invest Rs 20,000 crore in the power sector over the next five years, a state minister said on Saturday. The state has been upgrading its power infrastructure, especially in the aftermath of cyclone Amphan, and adopting renewable energy, he said. “We will be investing Rs 20,000 crore …

Read moreWest Bengal to invest Rs 20,000 cr in power sector in five years: Minister