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Author: Abdul

Economy

ICRA downgrades Yes Bank’s long-term rating with negative outlook

May 5, 2019July 4, 2019 - by Abdul

Credit Rating agency ICRA has downgraded Yes Bank’s rating on bonds and infrastructure debt.The rating was downgraded due to deterioration in the credit quality of large borrowers. A bond also …

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Economy

Advanced economies’ idle savings can be diverted to Asia’

May 5, 2019July 4, 2019 - by Abdul

Addressing the session of the 52nd Annual Meeting of the ADB,India’s Economic Affairs Secretary has said that funds from the advanced economies which are kept in pensions,insurance pools and in …

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National

Vice President releases a postage stamp to commemorate the 750th birth anniversary of Sri Vedanta Desikan

May 4, 2019July 4, 2019 - by Abdul

Vice President has released a postage stamp to commemorate the 750th birth anniversary of Sri Vedanta Desikan. Sri Vedanta Desikan was a Vaishnava philosopher and one of the most brilliant …

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Economy

Payment service will be launched only after complying with RBI norms, WhatsApp tells Supreme Court

May 4, 2019July 4, 2019 - by Abdul

WhatsApp has assured the Supreme Court that only a trial run of its payments service is underway at present and that it would comply with Reserve Bank of India(RBI) norms …

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Economy

Chief economic advisor included in finance commission’s advisory council

May 4, 2019July 4, 2019 - by Abdul

The Chief Economic Advisor of India,Dr. Krishnamurthy Subramanian has been included as a Member of the Advisory Council of the Fifteenth Finance Commission.In April,2018 the Fifteenth Finance Commission had constituted …

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Science and Technology

Government and IIT-Delhi to set up a Centre of Excellence for Waste to Wealth Technologies

May 4, 2019July 4, 2019 - by Abdul

Government of India and IIT-Delhi has signed a MoU to set up a Centre of Excellence for Waste to Wealth Technologies.The centre will be set up to commemorate the 150th …

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Economy

RBI imposes fines on PPIs for violating norms

May 4, 2019July 4, 2019 - by Abdul

The Reserve Bank of India has imposed penalties on five prepaid payment instrument(PPI) issuers under Section 30 of the Payment and Settlement Systems Act, 2007 for violation of regulatory guidelines. …

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Economy

India extends retaliatory tariff deadline on US products

May 4, 2019July 4, 2019 - by Abdul

Indian government has extended its deadline to impose retaliatory import duties on 29 US products till May 16,2019. These deadlines were extended several times since June 2018 when India decided …

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International

China expanding PLA’s reach around world:US

May 4, 2019July 4, 2019 - by Abdul

According to a report titled ‘2019 China Military Power’ released by the US Pentagon,China may create more military bases across the world to protect its investments in its ambitious Belt …

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Economy

Don’t terminate GSP benefits to India

May 4, 2019July 4, 2019 - by Abdul

A group of 25 influential US lawmakers has urged the US Trade Representative(USTR) not to terminate the Generalized System of Preferences(GSP) programme with India. They argued that terminating GSP for …

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