Karnataka's liquor sector is one of the state's largest revenue contributors. The new policy, if implemented as described, signals a deliberate move away from that legacy - with ease of doing business, rather than market control.
Positive domestic equity markets failed to boost local currency, which also had some impact of the Reserve Bank's latest move to ease curbs on speculative bets in non-deliverable forward markets, forex analysts said.
The data show that unclaimed deposits amount to over Rs 70,000 crore, according to the RBI. This money has been saved and invested over the years. It goes unclaimed due to various reasons.
