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Economy

Parliament passes Airports Economic Regulatory Authority of India, (Amendment) Bill – 2019

August 3, 2019August 3, 2019 - by Sayoni

The Parliament has passed the Airports Economic Regulatory Authority of India, (Amendment) Bill, 2019. The bill amends the Airports Economic Regulatory Authority of India Act, 2008. The Act established the …

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Economy

Elected directors in PSBs will be appointed by board: RBI

August 3, 2019 - by Abdul

The Reserve Bank of India has come out with the ‘Fit and Proper’ Criteria for Elected Directors on the Boards of PSBs Directions,2019. The directions mandates that banks are required …

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Economy

India to conduct 1st National Time Release Study

August 3, 2019August 3, 2019 - by Abdul

Department of Revenue under Union Ministry of Finance is conducting India’s 1st National Time Release Study(TRS).The exercise is being conducted as a part of its strategic commitment to improve global …

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Economy

Affordable housing gets a ₹10,000-crore booster

August 3, 2019August 3, 2019 - by Abdul

The National Housing Bank(NHB) has decided to infuse an additional Rs 10,000 crore into housing finance companies(HFCs) to improve liquidity in the sector. This move would enable the HFCs to …

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Economy

‘Slowdown evident, may be temporary’

August 3, 2019August 3, 2019 - by Abdul

HDFC Chairman has said that the economic slowdown in India which has been due to weakness in consumption demand is temporary in nature and will pick up at the onset …

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Economy

Too much of reforms has led to slowdown: NITI Aayog CEO

August 3, 2019August 3, 2019 - by Abdul

NITI Aayog CEO has said that a huge set of reforms undertaken by the government has led to the current slowdown in the economy. He said that the reforms undertaken …

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Economy

India slips to 7th largest economy in 2018: WB

August 2, 2019 - by Sayoni

According to World Bank data, India has slipped to the 7th position in the global GDP rankings in 2018. As per earlier data, India was on the 6th position in …

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Economy

Maharashtra hyperloop gets Infrastructure project tag

August 2, 2019August 2, 2019 - by Sayoni

The Maharashtra state cabinet has approved a proposal to declare the Mumbai-Pune Hyperloop a public infrastructure project to streamline the permissions required. It also approved the consortium of DP World …

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Economy

Explained: Significance of US Federal Reserves rate cut and its impact on India

August 2, 2019 - by Abdul

United States Federal Reserve has announced a quarter percentage point cut in interest rates.It is the first rate cut since the global financial crisis broke in 2008. The Fed has …

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Economy

Crisil cuts FY20 GDP growth forecast to 6.9% from 7.1%

August 2, 2019August 2, 2019 - by Abdul

Credit rating agency Crisil has cut the gross domestic product(GDP) estimate for India to 6.9% from 7.1% in 2019-20. Crisil has said that revision in growth forecast was due to …

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