Sugar industry body ISMA has revised downwards the country’s sugar production estimate to 328 lakh tonnes for the current marketing year ending September, from an earlier projection of 340 lakh tonnes. The downward revision has been made due to a fall in sugar output in Maharashtra to 105 lakh tonnes in the 2022-23 marketing year […]
The Reserve Bank on Tuesday proposed to introduce a new category of money changers who may conduct business through an agency model by becoming Forex Correspondents (FxCs) of Authorised Dealers.Currently, the Reserve Bank issues licences to authorised dealers — banks authorised to deal in foreign exchange — and full-fledged money changers. Licences are also granted […]
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