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Economy

High food prices push retail inflation to eight-month high of 3.18% in June

July 13, 2019July 13, 2019 - by Abdul

According to the data released from the Central Statistics Office(CSO), retail inflation has reached an eight-month high of 3.18% in June,2019. This is mainly due to costlier food items.As per …

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Economy

Payment service providers fear shutdown,ask govt to pay MDR

July 12, 2019July 12, 2019 - by Abdul

Payment Council of India(PCI) has said that the budget proposal to remove the merchant discount rate(MDR) will lead to the collapse of the payment acquiring industry. MDR is a fee …

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Economy

Kerala to set up investment firm for NRIs

July 12, 2019July 12, 2019 - by Abdul

Kerala has announced its plan to set up a diaspora investment company known as NRK Investment and Holding Company. The company will have a 74% stake of non-resident Keralites and …

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Economy

Cabinet approves bill to put brakes on chit funds

July 11, 2019July 11, 2019 - by Abdul

The Union Cabinet has approved the Banning of Unregulated Deposit Schemes Bill.The bill aims to tackle the menace of illicit deposit- taking activities in the country. The bill defines regulated …

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Economy

Worker safety code Bill gets Cabinet approval

July 11, 2019July 11, 2019 - by Abdul

The Union Cabinet has approved a proposed Code on Occupational Safety,Health and Working Conditions Bill,2019.The bill seeks to merge 13 central labour laws into a single code. The code will …

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Economy

Lok Sabha gives nod to arbitration Bill

July 11, 2019July 11, 2019 - by Abdul

The lok Sabha has passed the New Delhi International Arbitration Centre (NDIAC) Bill,2019. The Bill provides for setting up of an independent autonomous body for institutional arbitration and to acquire …

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Economy

CSO must rethink informal sector estimates:Pronab Sen

July 11, 2019July 11, 2019 - by Abdul

Former Chief Statistician of India has said that Central Statistics Office (CSO) needs to rethink how it estimates the growth of the informal sector as the current method is no …

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Economy

India has stricter regulatory norms: Basel

July 10, 2019July 10, 2019 - by Abdul

According to the findings of the Basel Committee on Banking Supervision (BCBS),Reserve Bank of India’s(RBI) norms on large exposures(LEX) for banks are compliant with the Basel requirements. The assessment was …

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Economy

NHAI Signs MoU with NIIF for funding highway projects

July 10, 2019July 10, 2019 - by Abdul

The National Highways Authority of India(NHAI) has signed an MoU with National Investment and Infrastructure Fund(NIIF) for funding highway projects. This agreement is expected to provide innovative financial models including …

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Economy

Skill development ministry launches Kaushal Yuva Samwaad

July 10, 2019July 10, 2019 - by Abdul

The Ministry of Skill Development & Entrepreneurship has launched “Kaushal Yuva Samwad”. Kaushal Yuva Samwaad aims to create a dialogue between the youth and the Ministry. The program is intended …

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