RBI tells bigger NBFCs to appoint chief risk officer
The Reserve Bank of India has directed non-banking finance companies (NBFC) with assets size of over Rs 5000 crore to appoint a chief risk officer(CRO) to improve standards of their …
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RBI to bank on data analytics for timely fraud detection
The Reserve Bank of India(RBI) has decided to encourage the use of data analytics to timely detect frauds and take recovery actions such as blocking irregular transactions before payment authorisation. …
Read MoreGDP numbers suggest high growth in the medium term: panel
Finance Commission has held discussions with the finance ministry on fiscal and economic management of the country, During the meeting,15th Finance Commission has said that the GDP numbers suggests continued …
Read MoreRBI envisions fourfold growth in digital transactions by 2021
The Reserve Bank of India (RBI) has released its document on ‘Payment and Settlement Systems in India: Vision 2019–2021’. The document with its core theme of ‘Empowering Exceptional E-payment Experience’ …
Read MoreNational Training Workshop of Master Trainers for 7th Economic Census
During the run up to the upcoming 7th Edition of Economic Census,a National Training Workshop of the enumerators was organized by the Ministry of Statistics and Program Implementation (MoSPI) in …
Read MoreExports growth slides to four-month low in April
According to data released by the commerce and Industry ministry, India’s trade deficit has widened to a five month high in April 2019 due to higher crude oil imports. India’s …
Read MoreTRA unveils AI tool to improve tea quality
Tea Research Association (TRA) has introduced artificial intelligence (AI)-based technology to improve quality. The technology has been developed through a collaboration between TRA and Agnext, a start-up which was incubated …
Read MoreIndia finds OECD index for services trade faulty
India has approached several developing countries during the World Trade Organization(WTO) talks in New Delhi to try to build consensus around the new method of measuring Services Trade Restrictiveness Index …
Read MoreWPI inflation slips to 3.07% in April, food prices still high
The Wholesale price inflation has decreased to 3.07% in April,2019.The reduction has been attributed to cheaper fuel and manufactured items. However,food prices have increased to 33-month high of 7.37%. Wholesale …
Read MoreED questions Kochhars again in loan case
The Enforcement Directorate(ED) has again questioned former ICICI Bank CEO and her husband in an ongoing probe under Prevention of Money Laundering Act(PMLA). ED had registered the case against former …
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