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Economy

Report of the Competition Law Review Committee

August 15, 2019August 16, 2019 - by Abdul

The Competition Law Review Committee headed by Injeti Srinivas has submitted its report to the Government. Government had constituted Competition Law Review Committee in 2018 to review the existing framework …

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Economy

Govt. asks PSBs to find out reasons for rise in NPAs in last 5 years

August 15, 2019August 16, 2019 - by Abdul

The Finance Ministry has initiated a comprehensive consultative process with public sector banks(PSBs). The consultative process will start from branch level upwards to the State-level and then to the national …

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Economy

Government issues guidelines for ₹1 trillion partial credit guarantee for NBFCs

August 15, 2019August 16, 2019 - by Abdul

Government has operationalised a partial guarantee scheme announced in the budget for non-banking and housing finance companies(NBFCs and HFCs). The scheme provides for a one-time partial credit guarantee to Public …

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Economy

Panchamirtham of Palani temple gets GI tag

August 14, 2019August 14, 2019 - by Sayoni

Palani panchamirtham has been granted GI Tag. It is served as prasadam at the Murugan temple, Palani, Dindigul district, Tamil Nadu. The panchamirtham is a combination of five natural substances …

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Economy

CSR expenditure may be made tax deductible, says committee

August 14, 2019August 14, 2019 - by Abdul

Government had formed a High Level Committee on Corporate social responsibility(CSR) under the Chairmanship of Corporate Affairs Secretary Injeti Srinivas. The committee was formed to review the existing CSR framework …

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Economy

RBI proposes easing of rules for sandbox model

August 14, 2019August 14, 2019 - by Abdul

The Reserve Bank of India(RBI) has issued the final framework for regulatory sandbox in order to enable innovations in the financial technology space. Regulatory sandbox(RS) is an infrastructure that helps …

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Economy

RBI takes over HFC regulation from NHB

August 14, 2019August 14, 2019 - by Abdul

The Reserve Bank of India(RBI) has approved a proposal to shift regulation of Housing finance companies(HFCs) from the National Housing Bank(NHB) to the RBI. Hence,HFCs will now be treated as …

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Economy

FinMin plans 16-point ‘KRA’ to push PSBs

August 13, 2019August 13, 2019 - by Abdul

Finance Ministry has planned to closely monitor Public sector banks (PSBs) achievements on 16 key performance indicators (KPIs) at the branch, region, State and national level. This step was taken …

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Economy

Why lower fiscal deficit isn’t always good news

August 13, 2019August 13, 2019 - by Abdul

According to the data,there is growing concern about the slowdown in India’s economic growth.Recently,RBI had also cut repo rates by 35 basis points, which was the sharpest cut in nine …

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Economy

Govt looks to reverse economic slowdown with a stimulus package

August 13, 2019August 13, 2019 - by Abdul

The government is planning a set of measures to reverse an economic slowdown that is going through losses, layoffs and an investment freeze. The measures include (a)steps to boost infrastructure …

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