Centre expands terms of reference of direct tax law body
The Central Board of Direct Taxes (CBDT) has decided to expand the terms of reference for the committee that has been formed to re-write the Direct Tax Code(DTC). The committee …
Read MoreEconomy
RBI begins monitoring HFCs
The Reserve Bank of India(RBI) has started monitoring the liquidity position,asset-liability gap and repayment schedules of housing finance companies(HFCs) on a daily basis. The move to monitor HFCs on a …
Read MorePayments data must be saved locally: RBI
The Reserve Bank of India (RBI) has clarified that payment system providers need to store entire payments data in a system only in India. The data should include end-to-end transaction …
Read MoreAPEDA Organizes buyers-sellers meet
Agricultural & Processed Food Products Export Development Authority (APEDA) in association with North Eastern Regional Agricultural Marketing Corporation(NERAMAC) has organised the International Buyers-Sellers Meet in Imphal,Manipur. APEDA chairman said that …
Read MoreU.S.-China trade war may reduce global growth rate
According to Fitch Ratings,the ongoing U.S.-China trade war escalation could reduce the World GDP growth by 0.4% points till 2020 and possibly lead to the lowest growth since 2009. Trade …
Read MoreCentre plans to set up common online platform for RERA of all states, UTs
The Central government has planned to set up a common online platform for the Real Estate Regulatory Authority (RERA) of all states and UTs. The move aims to provide an …
Read MoreSinha-led panel proposes ₹5,000 crore stressed asset fund for MSMEs
A Reserve Bank of India(RBI) expert committee tasked with reviewing the current framework for the micro,small and medium enterprises (MSMEs) has submitted its report. The committee has recommended a ₹5,000 …
Read MoreGross NPAs of banks may shrink to 8 per cent by March 2020: Crisil
According to the Crisil report,public sector banks which account for over 80% of the non-performing assets(NPAs) could see the gross NPAs decreased to 10.6% by March 2020 from a peak …
Read MoreRBI union moots collegium to select governors, deputy governors
The RBI union has proposed a Collegium of experts to appoint governors and deputy governors to ensure central bank autonomy and independence. The collegium should comprise former RBI governors,other prominent …
Read More