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Economy

RBI extends ombudsman scheme to non-deposit taking NBFCs

April 28, 2019July 4, 2019 - by Abdul

The Reserve Bank of India(RBI) has decided to extend the Ombudsman Scheme for Non-Banking Financial Companies(NBFCs),2018 to non-deposit taking non-banking financial companies(NBFC-NDs) having asset size of Rs 100 crore or …

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Economy

Pharma exports grow 11%, cross $19 bn

April 28, 2019July 4, 2019 - by Abdul

According to the commerce ministry data,India’s pharmaceutical exports have grown by 11% to USD 19.2 billion in 2018-19.The growth was mainly driven by higher demand in regions such as North …

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Economy

Crypto currency is Ponzi scheme

April 27, 2019July 4, 2019 - by Abdul

Investor Education and Protection Fund(IEPF) Authority has said that Crypto currency is a ponzi scheme and should be banned in India to protect the interests of investors. IEPF has also …

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Economy / International

Share of tech patents on the rise in IP filings

April 27, 2019July 4, 2019 - by Abdul

According to a report by industry body Nasscom,India origin companies has filed over 4,600 patents in the US between 2015-2018.The majority of the patents were from the technology domain. A …

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Economy

IRDAI forms panel to review microinsurance framework

April 27, 2019July 4, 2019 - by Abdul

The Insurance Regulatory and Development Authority of India (IRDAI) has set up a committee under IRDAI Executive Director Suresh Mathur to review the regulatory framework on microinsurance. Microinsurance refers to …

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Economy

Supreme Court gives RBI ‘last chance’ to alter disclosure policy

April 27, 2019July 4, 2019 - by Abdul

The Supreme Court has directed the Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks and other material under the Right to Information …

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Economy

India ranks 80 in Global Talent Competitiveness Index 2019

April 27, 2019July 4, 2019 - by Abdul

India has been ranked 80th on Global Talent Competitive Index 2019. Switzerland maintains its top position followed by Singapore and the United States. India has scored well on growing talent …

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Economy

Finance Ministry brings in changes in e-way bill system to check GST evasion

April 26, 2019April 26, 2019 - by Abdul

The Finance Ministry has introduced changes in the e-way bill system. The changes were brought in to crack down on Good and Services Tax (GST) evaders. The E-way bill is …

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Economy

IEPF Authority in a major success recovers Rs 1514 Cr of Depositors Money

April 25, 2019April 25, 2019 - by Abdul

The Investor Education and Protection Fund (IEPF) Authority has been able to recover deposits worth Rs 1,514 crore from Kolkata-based Peerless General Finance and Investment Company.This money of depositors was …

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Economy

RBI sells entire stake in NHB, Nabard to govt. for ₹ 1,470 cr. in total

April 25, 2019April 25, 2019 - by Abdul

The Reserve Bank has divested its stake in National Housing Bank (NHB) and National Bank for Agriculture & Rural Development (Nabard), by making them fully government-owned. This move is part …

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