The Government Savings Banks Act, 1873 is an act dealing with the Government Savings Banks. Section 15 of the said Act gives powers to the Central Government to make rules for the purposes of carrying out the provisions of the said Act.
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Foreign direct investment (FDI) is an investment made by any company or an individual in the business concern of another country with a motive to start any business in other country or to become partner/ owner in the business of other country.
The central bank will move to an interest rate setting by an MPC of six members including the Governor, admitting that forecasting of the inflation could be complicated
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