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Common Electric on Friday unexpectedly elevated its quarterly dividend by 20 per cent in an work to show that the diversified industrial conglomerate is more than the worst of the economic crisis and confident about the future. One more interactive explains key monetary arranging terms, which includes budgeting, targets, interest, financial safety, earnings, savings account, and deposits. The Reserve Bank of India (RBI) on Friday said that it has received just one particular application for ‘on tap’ licensing of universal banks in the private sector — from UAE Exchange and Monetary Services.