https://www.business-standard.com/opinion/columns/staying-the-course-what-could-prompt-the-rbi-to-change-its-approach-123081001012_1.html Even though the Reserve Bank of India (RBI) has consistently sounded hawkish since April 2022, what made this MPC decision different was that it
Month: August 2023
Recent spike in CPI inflation is expected to be short lived, says RBI
https://www.business-standard.com/economy/interviews/recent-spike-in-cpi-inflation-is-expected-to-be-short-lived-says-rbi-123081000631_1.html Opening remarks by Das: India is emerging as the new growth engine of the world. In a highly volatile and uncertain world, India is standing
Monetary policy review: RBI may seek comfort in Rs 1 trn excess fund
https://www.business-standard.com/economy/news/rbi-likely-to-seek-comfort-around-rs-1-trillion-surplus-liquidity-123081000794_1.html Market participants expect the Reserve Bank of India (RBI) to obtain a sense of ease when the liquidity surplus comes down to around Rs.
RBI to prescribe framework to reset floating rate loans
https://www.business-standard.com/economy/news/rbi-s-to-prescribe-framework-to-reset-floating-interest-rate-loans-emi-123081000818_1.html Concerned about loan-repayment periods becoming unreasonably long, the Reserve Bank of India (RBI) will put in place a transparent framework for resetting interest rates
Status quo policy with hawkish undertone
https://www.business-standard.com/opinion/columns/status-quo-policy-with-hawkish-undertone-123081000742_1.html He has brushed aside the sudden rise in consumer price index (CPI) inflation, driven by food prices shock, and looked through this as an
7 new laws, including Delhi services bill, receive Presidential assent
https://www.business-standard.com/india-news/7-new-laws-including-delhi-services-bill-receive-presidential-assent-123081200566_1.html The legislations that become operational are the Jan Vishwas (Amendment of Provisions) Act, 2023; The Government of National Capital Territory of Delhi (Amendment) Act,
Centre directs banks to work in tandem on loans scheme for street vendors
https://www.business-standard.com/india-news/centre-directs-banks-to-work-in-tandem-on-loans-scheme-for-street-vendors-123081200564_1.html Union MoS for Finance Bhagwat K Karad on Saturday asked banks and civic bodies to work in collaboration with each other to achieve the
Medical Council guidelines bar doctors from taking freebies from firms
https://www.business-standard.com/health/medical-council-guidelines-bar-doctors-from-taking-freebies-from-firms-123081300143_1.html Doctors will now have to prescribe generic drugs mandatorily, says the new regulations from the National Medical Commission (NMC). At the same time, the
Mcap of 7 of top 10 firms falls by Rs 74,603 cr, HDFC Bank biggest laggard
https://www.business-standard.com/markets/news/mcap-of-7-of-top-10-firms-falls-by-rs-74-603-cr-hdfc-bank-biggest-laggard-123081300131_1.html ICICI Bank, Hindustan Unilever, Infosys and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS) and State Bank of
Rising rates: Seek relief by reset
Establishing an international currency requires stability, acceptance and widespread use.
https://www.thehindubusinessline.com/opinion/path-to-a-brics-currency-is-challenging/article67177273.ece BRICS, comprising Brazil, Russia, India, China and South Africa, was envisioned as a powerful economic grouping but has faced challenges in forming an effective
👍👍👍👍👍Rising returns filing is good but tax base is too narrow
https://www.thehindubusinessline.com/opinion/editorial/rising-returns-filing-is-good-but-tax-base-is-too-narrow/article67177062.ece But the increase does not bring cheer since the proportion of taxpayers in the country is still relatively small and many tax returns have
Worried over rising wheat prices, Govt to sell 50 lakh tonnes in open market
https://www.thehindubusinessline.com/economy/agri-business/worried-over-rising-wheat-prices-govt-to-sell-50-lakh-tonnes-in-open-market/article67176955.ece Worried over the ₹118/quintal surge in the selling price of wheat within a span of 43 days since the open market sale scheme (OMSS)
Rising pace of exports led to ban on export of white rice, says Centre
https://www.thehindubusinessline.com/economy/agri-business/rising-pace-of-exports-led-to-ban-on-export-of-white-rice-says-centre/article67175966.ece Explaining the reasons behind the ban on the export of non-Basmati white (raw) rice from July 20, the Centre has said the export of
What if auditors miss zeroing in on fraud?
https://www.thehindubusinessline.com/opinion/what-if-auditors-miss-zeroing-in-on-fraud/article67177356.ece Though it is by now well established that the key responsibility of an auditor is to express his opinion on the financial statements and
Cabinet okays bill to bring clarity on 28% GST rate for online gaming, casinos, horse racing
https://www.thehindubusinessline.com/news/cabinet-okays-bill-to-clarify-gst-rate-for-online-gaming-casinos-horse-racing/article67175815.ece “Suitable amendments to be made to the law to include online gaming and horse racing in schedule III as taxable actionable claims,” the council
Give local production plan, Govt tells IT firms seeking deferral of import licensing regime
https://www.thehindubusinessline.com/info-tech/centre-asks-it-hardware-firms-to-ramp-up-local-production-in-lieu-of-pushing-back-import-licence-deadline/article67176670.ece The Centre has countered the IT hardware industry’s request seeking a 9–12 month deferral of the new import licensing norms by asking players to submit a
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