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Government extends subsidy scheme to solar-powered cold storages

Government extends subsidy scheme to solar-powered cold storages In a bid to boost the use of solarpowered cold storages, the Ministry of New and Renewable Energy has extended its subsidy scheme to solar refrigeration units as well. Most solar powered items, including solar lamps and solar heating systems, enjoy a 30% subsidy under different MNRE […]

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FCNR Redemption may Cause Only Transient Disruptions

FCNR Redemption may Cause Only Transient Disruptions The $26-billion foreign currency non-resident (FCNR) deposits, raised during the last months of 2013, are due for redemption over the months of SeptemberDecember 2016. A recurring question at the recent RBI post- policy interactions, reflecting market concerns, was the potential disruptions in liquidity and foreign exchange. RBI statements

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Countries look to draw expatriate cash with ‘diaspora bonds’

Countries look to draw expatriate cash with ‘diaspora bonds’ A growing roster of developing states are turning to their compatriots abroad to raise cash by marketing “diaspora bonds”, a funding strategy successfully pioneered by India and Israel but sometimes tricky to imitate. Some 250 million people, around 3 percent of the world population, live outside

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