lipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-extends-deadline-for-current-account-notification/articleshow/85037373.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Banks will be permitted time till October 31, 2021 to implement the provisions of the circular. This extended time line shall be utilised
Month: August 2021
Enforcement Directorate threatens Flipkart, its founders with $1.35 billion fine, say sources – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/enforcement-directorate-threatens-flipkart-its-founders-with-1-35-billion-fine-say-sources/articleshow/85056916.cmsSynopsis India’s brick-and-mortar retailers say Amazon and Flipkart favour select sellers on their platforms and use complex business structures to bypass the foreign investment
Inflation risks | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/inflation-risks-121080301969_1.html RBI should give a near-term road map for policy normalisation Most economists do not expect the Monetary Policy Committee (MPC) to change either the policy
India will be short of 3.5 million cybersecurity jobs by year-end | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/india-will-be-short-of-3-5-million-cybersecurity-jobs-by-year-end-121080301933_1.html According to a study by job portal Indeed, cybersecurity jobs saw a jump of 6 per cent in May 2020, just when Covid-19
Vodafone Group CEO Nick Read rules out fresh fund infusion in Vi | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/vodafone-group-ceo-nick-read-rules-out-fresh-fund-infusion-in-vi-121080302021_1.html Vi has a debt of about Rs 1.8 trillion, including deferred spectrum obligations and AGR dues Vodafone CEO Nick Read. PHOTO: BLOOMBERG Vodafone Group Plc
Nexus could be banking’s next big thing, inspired by Indian payments system | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/nexus-could-be-banking-s-next-big-thing-inspired-by-indian-payments-system-121080400133_1.html Nexus will be like a world wide web of payments, a set of rules any country can adopt. Nexus could make international wire
RBI monetary policy meet: Beyond the growth-inflation trade-off | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-monetary-policy-meet-beyond-the-growth-inflation-trade-off-121080302015_1.html An accommodative stance on monetary policy (unchanged since June’19), in the face of an unfavourable growth-inflation trade-off is understandable for now Tirthankar Patnaik,
Sebi sets up an expert group to examine IPO book-building process | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/sebi-sets-up-an-expert-group-to-examine-ipo-book-building-process-121080400052_1.html Market regulator observes several shortcomings in the existing procedure Anchor investors are institutions which are allotted shares ahead of an IPO The Securities
Poor asset valuation, economic climate, NCLT delays see IBC losing favour | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/poor-asset-valuation-economic-climate-nclt-delays-see-ibc-losing-favour-121080301989_1.html Less than 200 cases have been admitted to the National Company Law Tribunal till June after the suspension was lifted on March 24,
RBI monetary policy meet: Beyond the growth-inflation trade-off | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-monetary-policy-meet-beyond-the-growth-inflation-trade-off-121080302015_1.html An accommodative stance on monetary policy (unchanged since June’19), in the face of an unfavourable growth-inflation trade-off is understandable for now Tirthankar Patnaik,
Focus on capital formation is the best way to create employment: L&T CEO | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/focus-on-capital-formation-is-the-best-way-to-create-employment-l-t-ceo-121080301129_1.html In a Q&A, S N Subrahmanyan says he is confident of margins through overhead recovery despite high input costs File Photo of S
Money laundering case: ED arrests Avantha Group’s Gautam Thapar | Business Standard News
The agency arrested him following searches at 14 locations, including Mumbai and Delhi. Gautam Thapar The Enforcement Directorate (ED), investigating a money laundering case against Avantha Group promoter Gautam
Preventing the pile up of NPAs — II – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/preventing-the-pile-up-of-npas-ii/article35704889.ece Reviving the health of the banking sector is of utmost importance – REUTERS Reviving the health of the banking sector is of utmost
‘I make a conscious effort to seek out women’s stories… men’s voices are easily heard’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blink/read/i-make-a-conscious-effort-to-seek-out-womens-stories-mens-voices-are-easily-heard/article35696037.ece Word for word: Daisy Rockwell is currently translating Krishna Sobti’s first novel, Channa, to English – SPECIAL ARRANGEMENT Word for word: Daisy Rockwell
Madras HC quashes TN Gaming and Police Laws (Amendment) Act that banned online games – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/madras-hc-quashes-tn-gaming-and-police-laws-amendment-act-that-banned-online-games/article35698927.ece Adda52 Rummy Welcomes New Users With Exciting Offers and Rewards – Business Wire India Adda52 Rummy Welcomes New Users With Exciting Offers and
Leg-up for depositors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/changes-proposed-in-the-dicgc-aamendment-bill-can-reform-deposit-insurance-in-india/article35705121.ece Depositors need immediate protection when banks are placed under any direction – THE HINDU Depositors need immediate protection when banks are placed under
IBC deviated from its original objectives, says Standing Committee on Finance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ibc-deviated-from-its-original-objectives/article35705720.ece Need to revisit its design and implementation, it said The Standing Committee on Finance headed by Jayant Sinha said the Insolvency and Bankruptcy
e-RUPI could be bigger than UPI, say experts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/e-rupi-could-be-bigger-than-upi-say-experts/article35707133.ece Doesn’t require bank accounts or digital apps The government’s latest digital payments offering, e-RUPI, permits offline transactions which can be carried out on
Food-inflation a result of short-sighted policies? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/food-inflation-a-result-of-short-sighted-policies/2302853/ The intermittent invocation of the Essential Commodities Act, especially for pulses in recent months, illustrates this As per government estimates of production, availability
Revenue picture robust, govt must trim fuel levies – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/revenue-picture-robust-govt-must-trim-fuel-levies/2302854/ Given there’s been no direct stimulus—and likely none coming—high fuel taxes and their impact on inflation are unconscionable Going by the current trend,
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