Day: March 29, 2023
👍👍👍👍👍Bank runs and resolutions
Clipped from: https://www.business-standard.com/opinion/columns/bank-runs-and-resolutions-123032801300_1.html The collapse of Silicon Valley Bank and the swift intervention by the US authorities hold lessons for India – to complete the unfinished
👍👍👍At 8.15% for FY23, EPFO returns are second lowest in over 45 years
Clipped from: https://www.business-standard.com/economy/news/at-8-15-epfo-returns-second-lowest-in-over-45-years-shows-data-123032800993_1.html Listen to This Article The Employees’ Provident Fund Organisation (EPFO) decision to increase its declared rate of return has narrowed the gap with
👍Cracking the whip: 18 drug companies lose licence over spurious medicines
Clipped from: https://www.business-standard.com/companies/news/licences-cancelled-for-18-drug-firms-as-part-of-nationwide-inspection-drive-123032801039_1.html Move comes after Drugs Controller General of India conducts inspection on 76 drug firms in 20 states Photo: Pexels Listen to This Article
👍MPC should raise rates by 25 bps next week: Economists tell RBI
Clipped from: https://www.business-standard.com/finance/news/mpc-should-raise-rates-by-25-bps-next-week-economists-tell-rbi-123032800730_1.html Say current dynamics warrant hike, but RBI should keep liquidity stance flexible Listen to This Article At a meeting on Monday with senior
👍Public sector banks wrote off ₹91,000 cr in 9 months of FY23 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/public-sector-banks-wrote-off-91000-cr-in-9-months-of-fy23/article66671983.ece Recovery in FY22 just over ₹1 out of ₹5 in written off accounts Public sector banks have written off around ₹91,000 crore in
👍Flip side to bank transparency – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/flip-side-to-bank-transparency/article66672816.ece More transparency can, in fact, increase risk of runs on NBFCs in the Indian context The recent unexpected collapse of the Silicon Valley
👍👍👍👍👍CPI index needs an overhaul – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/cpi-index-needs-an-overhaul/article66672138.ece The Centre needs to review the computation methodology of the index With consumer price inflation soaring to multi-decade highs over the past year
👍👍👍I-T Department extends PAN-Aadhaar linking deadline to June 30 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/govt-extends-pan-aadhaar-linking-deadline-to-june-30/article66671113.ece The previous deadline to link PAN with Aadhaar was March 31, 2023 If you have not linked your Permanent Account Number (PAN) with your Aadhaar yet, you
👍Personal loans continue to drive credit expansion, says RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/personal-loans-continue-to-drive-credit-expansion-says-rbi/article66672455.ece RBI said that all population groups (rural, semi-urban, urban and metropolitan) recorded double digit credit growth Personal loans continued to lead credit expansion, with
👍IRDAI to remove upper cap on commission for insurers under EoM – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/irdai-to-remove-upper-cap-on-commission-for-insurers-under-eom/article66672364.ece Puts in place a system where overall expenses of an insurer would be monitored The Insurance Regulatory and Development Authority of India (IRDAI)
👍👍👍CA Institute issues implementation guide on mandatory “audit trail” norm – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/ca-institute-issues-implementation-guide-on-mandatory-audit-trail-norm/article66672250.ece New MCA mandatory norm for companies to kick in from April 1 The CA Institute has issued an implementation guide that is expected to come
👍GST rate rationalisation unlikely before 2024 Lok Sabha elections
Clipped from: https://www.business-standard.com/india-news/electoral-compulsion-may-delay-gst-overhaul-amid-inflationary-uncertainties-123032800988_1.html Centre, states not in favour any major change in GST structure amid inflationary pressure Listen to This Article Overhaul of the goods and
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