National India News
Though recognising the signs of an economic slowdown and acting early helped the central bank to reduce interest rate as falling inflation provided space, monetary policy has its own limits, Reserve Bank of India Governor Shaktikanta Das said on Friday. Speaking at the St. Stephen’s College, his alma mater, on ‘Seven Ages of India’s Monetary […]
Public sector lender Indian Bank has posted a 62.42% increase in its standalone net profit for the third quarter ended December 2019 to ₹247.96 crore despite a surge in provisions. “Earnings of Indian Bank remained good despite the recognition of a huge sum of ₹1,325 crore of Dewan Housing Finance Corporation Ltd. (DHFL) account as […]
The latest edition of the Democracy Index spells gloom for India. The world’s biggest democracy slipped 10 places in the 2019 global ranking to 51st place. The survey published on January 22 attributes the primary cause of “the democratic regression” to “an erosion of civil liberties in the country”. India’s overall score fell from 7.23 […]
The Securities and Exchange Board of India (SEBI) has reduced certain reporting timelines for rights issues. “The period for advance notice to stock exchange(s) under Regulation 42(2) of LODR Regulations has been reduced from at least 7 working days to at least 3 working days [excluding the date of intimation and the record date], for […]
The Reserve Bank of India (RBI) has asked issuers of credit and debit cards as well as those of non-bank prepaid payment instrument to provide the option of disabling and enabling cards, a move aimed at customer convenience. “At the time of issue/re-issue, all cards [physical and virtual] shall be enabled for use only at […]
Information and Broadcasting Minister Prakash Javadekar on Wednesday said the Citizenship (Amendment) Act (CAA) was a “just” law to benefit the communities that had fled to India till 2014 facing religious persecution in Pakistan, Bangladesh and Afghanistan Mr. Javadekar was addressing a press conference on the decisions of the Union Cabinet. When asked to […]
There could be more bad news on the inflation front which saw a five-year high of 7.35% in December. The State Bank of India (SBI) has projected consumer price index-based inflation at between 7.8-8% for January in case the current trends in vegetable prices continues. The report from SBI said core inflation could rise further […]
The ASEAN Secretariat has invited India to participate in a meeting called in Bali on February 3 and 4 on RCEP (Regional Comprehensive Economic Partnership) agreement to sort out the concerns of New Delhi, an official said. India at a meeting in November last year in Bangkok decided to withdraw from the mega free-trade agreement […]
Union Minister Piyush Goyal on January 21 said India is working on ways to have fairer and more equitable terms in its trade relationships with various countries. Speaking in Davos at the World Economic Forum Annual Meeting 2020, the Commerce and Industry Minister also called for greater cooperation among various nations to realise the huge […]
The RBI has started making public minutes of its board meetings as part of its exercise to enhance transparency regarding its functioning and also to obviate the need of asking for such details under the Right to Information Act (RTI Act), the central bank said. The central bank shared the minutes of meeting of its […]