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Author: Abdul

Economy

Sashakt panel hails RBI circular making ICA mandatory

June 11, 2019July 4, 2019 - by Abdul

The Chairman of the Sashakt Committee has said the new RBI direction making the Intercreditor Agreement (ICA) framework mandatory is a move in the right direction for resolution of non-performing …

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Economy

Reserve Bank relaxes the norms for no-frills accounts

June 11, 2019July 4, 2019 - by Abdul

The Reserve Bank of India(RBI) has relaxed the norms for the Basic Savings Bank Deposit(BSBD) accounts or popularly known as no-frills accounts. The BSBD account was designed as a savings …

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Economy

With eye on improving quality of macro-economic aggregates, MoSPI to set up ‘National Data Warehouse’

June 11, 2019July 4, 2019 - by Abdul

The Ministry of Statistics and Programme Implementation (MoSPI) has proposed to set up a ‘National Data Warehouse’. The  national-level data warehouse works as a central repository of all the statistical …

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International

PM Modi to meet Chinese President Xi Jinping, Russian President Vladimir Putin at SCO

June 11, 2019July 4, 2019 - by Abdul

The Shanghai Cooperation Organisation(SCO) summit is scheduled to be held on June 13-14 in Bishkek,Kyrgyzstan. During the summit,Indian Prime Minister is expected to meet Chinese President and Russian President.Uzbekistan President …

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Science and Technology

India to buy US missile system to shield Delhi

June 10, 2019July 4, 2019 - by Abdul

India has begun the process of acquiring the National Advanced Surface to Air Missile System-II(NASAMS-II) from the US to fully secure its airspace against aerial threats ranging from drones to …

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International

Pakistan faces FATF blacklist

June 10, 2019July 4, 2019 - by Abdul

The Asia Pacific Group(APG) has conveyed to Pakistan that its action plans on terrorist groups were inadequate after it was grey-listed by the Financial Action Task Force(FATF) for terror financing. …

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Economy

G20 Finance Ministers call for creation of digital tax

June 10, 2019July 4, 2019 - by Abdul

Recently,G20 finance ministers at a meeting Japan has agreed to compile common rules to close loopholes used by global tech giants to reduce their corporate taxes. Global technology firms such …

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Economy

India calls upon G-20 countries to urgently resolve issue of taxing profits made by offshore digital companies

June 10, 2019July 4, 2019 - by Abdul

During the meeting of G-20 finance ministers in Japan,Indian Finance Minister has called on G-20 countries to adopt principle of ‘significant economic presence’ to address challenges to tax profits made …

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Science and Technology

SIAM, CII call for practical road map for electric vehicles

June 10, 2019July 4, 2019 - by Abdul

Automotive industry has opposed the government’s proposal to ban sales of non-electric three-wheelers by 2023 and two-wheelers of less than 150cc by 2025 terming it as an impractical and untimely …

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International

India and Myanmar to hold high-level meeting

June 10, 2019July 4, 2019 - by Abdul

India and Myanmar has decided to hold a high-level meeting in Imphal, Manipur to bring the two countries closer. During the meeting,the two nations are likely to discuss issues related …

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