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SAIL net profit doubles to Rs 1,676 crore
Steel Authority of India Ltd (SAIL), the country"s second largest producer, reported Rs 1,676 crore net profit for the quarter ended December 31, nearly double the Rs 843 crore in the corresponding quarter of the previous year, at the back of rising demand from auto and construction sectors.

Twitter, Facebook 'costing British eco 1.38 bn pounds'
In today"s world, popular social networking sites like Twitter and Facebook are without a doubt the best way to stay connected with friends and share what is happening right now.

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Central Bank, Ipicol ink pact for Rs 25,000 crore funds
To facilitate flow of credit to various sectors of the state’s economy including the micro, small and medium enterprises (MSMEs), ancillary and downstream industries, the state owned Industrial Promotion and Investment Corporation of Orissa Ltd (Ipicol) today entered into a pact with the Central Bank of India (CBI).
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RBI launches awareness programme in North East

With the objective to create awareness regarding banking services among people in remote villages of North-East, Reserve Bank of India (RBI) has undertaken a series of financial outreach programmes in the region. - Banks credit-deposit ratio declines to 61.31% - Quantitative cap on MF investments needed: Union Bank - Bank provisioning norms remain reactive, says BIS - 17 FCCB violations investigated, says govt - Govt expects credit offtake to pick up soon - Rate war in home loan market hots up The first programme was launched at Khonoma village near Kohima, capital of Nagaland recently. Deputy Governor of RBI Shyamala Gopinath launched the programme and, according to a press statement issued by the central bank, it was attended by several hundreds of villagers. “Our aim is to cover more and more people by the banking system,” said Gopinath. Khonoma village has a population of around 3,000 with 435 households. The number of bank accounts opened by the villagers till date is just 170. The villagers were taught how to distinguish between genuine and forged currency notes, during the programme. The camp which was attended by the National Bank for Agricluture and Rural Development (Nabard) officials highlighted various schemes related to uplift the rural poor and micro-insurance plans. According to Gopinath, banks operating in the area will conduct follow-up programmes for adopting villages in the district and for achieving 100 per cent financial inclusion.


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