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The rationale the scheme had not been detected earlier by regulators is that no one at Price range Finance had any sort of license or registration to promote investments. The quantmod package deal offers quite a lot of functions for quantitative modelling in finance in addition to data acqusition, plotting and different utilities. The Finance Division provides courses and applications leading to BS, MS and PhD degrees.

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The campaign to promote Islamic banking received another jolt when the minister of state for finance, while replying to a query within the Lok Sabha on December 9, mentioned that although Islamic finance was explored by the RBI as one of many ideas for monetary inclusion, different schemes like Jan Dhan Yojana and Suraksha Bima Yojna worked too.

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