Finance ministry asks banks to expeditiously resolve issues of exporters
Tue, Feb 6, 2024 1:32 AM

Finance ministry asks banks to expeditiously resolve issues of exporters

A Flip by Shubhangi Gupta
Get it on Google Play
The finance ministry held a meeting with banks, insurance companies, and other government departments to discuss and resolve issues faced by exporters and importers. They discussed various problems such as delay in issuance of certificates and letters of credit, and advised banks to work closely with export promotion councils for early resolution.

More great flips

Bandhan Bank's new MD & CEO Partha Pratim Sengupta takes charge

Bandhan Bank's new MD & CEO Partha Pratim Sengupta takes charge

Partha Pratim Sengupta has taken charge as the new MD & CEO of Bandhan Bank, with Ratan Kumar Kesh resuming his role as executive director and COO. Sengupta has a proven track record, having held positions at State Bank of India and Indian Overseas Bank, and aims to drive growth and deliver value for all stakeholders.

Open Flip
Power consumption rises marginally to 140.4 billion units in October

Power consumption rises marginally to 140.4 billion units in October

India's power consumption rose marginally by about one percent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect. In the year-ago period, the power consumption grew by over 22 percent to 139.44 BU from 113.94 BU in October 2022.The highest supply in a day (peak power demand met) dipped to 219.22 GW in October 2024.

Open Flip
Gold, silver prices jump over 4% in October on safe-haven demand

Gold, silver prices jump over 4% in October on safe-haven demand

Precious metals continued their upward momentum in October, marking a third consecutive month of gains, with gold and silver rising 4.21% and 4.56%, respectively. This surge has been largely driven by heightened geo-political tensions, fueling ongoing demand for these safe-haven assets. The monthly returns could have been even higher if not for a sharp correction during the last trading session.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon