PLI scheme: Only a few PLI sectors might succeed; most of them risk failure. Swaminathan Aiyar explains why – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/only-a-few-pli-sectors-might-succeed-most-of-them-risk-failure-swaminathan-aiyar-explains-why/articleshow/80905360.cmsSynopsis Why should the government pick winners instead of letting market competition decide that? In the 1990s, nobody thought that software, autos, and pharma

MSME sector emerged as growth engine of economy: RBI Governor Shaktikanta Das – The Economic Times

Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/msme-sector-emerged-as-growth-engine-of-economy-rbi-governor-shaktikanta-das/articleshow/81208004.cms Outlining the emerging post Covid opportunities in India, Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said that the MSME sector in India has emerged as the

RBI rejects demand of online merchants to store customers’ credit card data – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/services/retail/rbi-rejects-demand-of-online-merchants-to-store-customers-credit-card-data/articleshow/81211627.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “The regulator is of the view that merchants storing credit card data would cause cyber security risks to the consumer and they do

Stainless steel MSMEs will be on the verge of bankruptcy due to excessive import dumping from China, Indonesia: ISSDA – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/stainless-steel-msmes-will-be-on-the-verge-of-bankruptcy-due-to-excessive-import-dumping-from-china-indonesia-issda/articleshow/81212911.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The government reversed six trade remedies out of which three relate to stainless steel, which is just 3% of the overall steel industry

DHFL resolution: Company receives no objection from RBI, files application with NCLT – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/dhfl-resolution-company-receives-no-objection-from-rbi-files-application-with-nclt/articleshow/81215494.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency

RBI’s new rules on maintaining credit or debit card details may lead to tokenisation – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/view-rbis-new-rules-on-maintaining-credit-or-debit-card-details-may-lead-to-tokenisation/articleshow/81215720.cms Synopsis–Though RBI’s Master Direction on Digital Payment Security Control (bit.ly/3uqrjHj) reads like a hodgepodge pastiche of the Payment Card Industry Data Security Standard

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