India-Bangladesh working on dismantling Non-Tariff Barriers and Para Tariff Barriers
Permalink
Economy

India-Bangladesh working on dismantling Non-Tariff Barriers and Para Tariff Barriers

New Delhi: While speaking at the seminar “Bangladesh’s Graduation from LDC: New Frontiers and Horizons for India-Bangladesh Economic Engagement” jointly organized by the FICCI and the Bangladesh High…

Continue Reading →

Arvind Subramanian quits as Chief Economic Advisor
Permalink
Economy

Arvind Subramanian quits as Chief Economic Advisor

New Delhi: On the backdrop of the “pressing family commitments”, Arvind Subramanian has quit as Chief Economic Advisor. Subramanian will be moving to the US. Finance Minister Arun…

Continue Reading →

Ease out the KYC norms; demand comes from digital payment industry
Permalink
Economy

Ease out the KYC norms; demand comes from digital payment industry

New Delhi: The e-Payment industry has raised the demand to ease out the KYC (Know Your Customer) norms. In a letter written to the apex bank of India,…

Continue Reading →

More banks might enter PCA framework
Permalink
Economy

More banks might enter PCA framework

New Delhi: In order to fight the bad loans, the Reserve Bank of India might include six more state-run banks in prompt corrective action (PCA) framework. If the…

Continue Reading →

Government sets up panel to consider ARC establishment to resolve bad loans
Permalink
Economy

Government sets up panel to consider ARC establishment to resolve bad loans

Mumbai: Piyush Goyal, who is holding the portfolio of Finance Ministry as Arun Jaitley is on medical leave, said that to solve the problem of bad loan a…

Continue Reading →

More than One Lakh shell companies listed by SFIO as a war against black money
Permalink
Economy

More than One Lakh shell companies listed by SFIO as a war against black money

New Delhi: The government is all geared up to launch another assault on the black money. A list of more than 1,13,000 shell companies has been drawn by…

Continue Reading →

Ordinance amending insolvency law approved; One buyer enough to drag builder to bankruptcy court
Permalink
Economy

Ordinance amending insolvency law approved; One buyer enough to drag builder to bankruptcy court

New Delhi: It seems ‘Achche Din’ have come for at least home buyers in the country. President Ram Nath Kovind has approved the ordinance amending the insolvency law,…

Continue Reading →

Industry’s take on hike in rates by RBI
Permalink
Economy

Industry’s take on hike in rates by RBI

New Delhi: As the RBI announces the hike in the repo rate by 25 basis points, the industry had their views on it. Some of the industry people…

Continue Reading →

Hike in repo rate for the first in more than four years
Permalink
Economy

Hike in repo rate for the first in more than four years

New Delhi: In its second bimonthly monetary policy review, the monetary policy committee (MPC) decided to increase the repo rate by 25 basis point to 6.25 per cent.…

Continue Reading →

Mega bank merger on the cards; Govt planning to merge four banks
Permalink
Economy

Mega bank merger on the cards; Govt planning to merge four banks

New Delhi: After the successful merger of State Bank of India (SBI), another mega bank merger seems to be lined up. If the reports are to be believed,…

Continue Reading →