WhatsApp has assured the Supreme Court that only a trial run of its payments service is underway at present and that it would comply with Reserve Bank of India(RBI) norms …
Read MoreThe Chief Economic Advisor of India,Dr. Krishnamurthy Subramanian has been included as a Member of the Advisory Council of the Fifteenth Finance Commission.In April,2018 the Fifteenth Finance Commission had constituted …
Read MoreThe Reserve Bank of India has imposed penalties on five prepaid payment instrument(PPI) issuers under Section 30 of the Payment and Settlement Systems Act, 2007 for violation of regulatory guidelines. …
Read MoreIndian government has extended its deadline to impose retaliatory import duties on 29 US products till May 16,2019. These deadlines were extended several times since June 2018 when India decided …
Read MoreA group of 25 influential US lawmakers has urged the US Trade Representative(USTR) not to terminate the Generalized System of Preferences(GSP) programme with India. They argued that terminating GSP for …
Read MoreAccording to the Asian Development Bank, Asia Pacific region is projected to grow at 5.7% in 2019. ADB has said that most of the momentum for the region growth will …
Read MoreAccording to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data,manufacturing activity has slowed down to 51.8 in April which is lower than 52.6 in March,2019. The prime reason for the …
Read MoreThe National Company Law Appellate Tribunal (NCLAT) has allowed the banks to declare the accounts of IL&FS and its group companies as non-performing assets(NPA) if they have defaulted on payments.NPA …
Read MoreState Bank of India (SBI) has linked its interest rate on savings account with balance above ₹1 lakh and short-term loans to Reserve Bank of India’s(RBI) repo rate. SBI had …
Read MoreAccording to the Finance Ministry’s report,the Indian economy has slowed down slightly in 2018-19.The slowdown is due to (a)declining growth of private consumption (b)tepid increase in fixed investment and (c)muted …
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