Clipped from: https://www.business-standard.com/article/finance/rbi-annual-report-some-shadow-banks-a-threat-to-financial-stability-122052700561_1.html Balance sheet expanded but asset quality deteriorated, says RBI report RBI issued guidelines extending the prompt corrective action (PCA) framework for NBFCs The Reserve
Category: ART
Govt has tried to shield farmers though prices of fertilisers shot up: PM | Business Standard News
Clipped from: https://www.business-standard.com/article/pti-stories/govt-has-tried-to-shield-farmers-though-prices-of-fertilisers-shot-up-pm-122052801008_1.html PM Modi on Saturday said his government has tried to ensure that farmers in the country are not affected even though the prices
IndiGo fined Rs 5 lakh for denying boarding to specially-abled child | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/indigo-fined-rs-5-lakh-for-denying-boarding-to-specially-abled-child-122052800458_1.html A more compassionate handling would have smoothened nerves, calmed the child and obviated the need for the extreme step resulting in denied boarding
Coal India to import for first time in years as power shortages loom | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/coal-india-to-import-for-first-time-in-years-as-power-shortages-loom-122052801045_1.html India is expected to face a wider coal shortage during the third quarter of 2022 due to expectations of higher electricity demand, stoking
Putin says he’s willing to discuss resuming Ukrainian grain shipments | Business Standard News
Clipped from: https://www.business-standard.com/article/international/putin-says-he-s-willing-to-discuss-resuming-ukrainian-grain-shipments-122052800825_1.html Putin also informed French President and German Chancellor that Russia was ready to increase its export of fertilizers and agricultural products if sanctions
Clear up the ratings confusion, SEBI, RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/clear-up-the-ratings-confusion-sebi-rbi/articleshow/91842467.cms Synopsis A credit rating is an expression of an opinion in a standardised form. And the rating assigned to a given debt shows
Woman gets 15 months in prison for punching flight attendant – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/woman-gets-15-months-in-prison-for-punching-flight-attendant/articleshow/91845848.cms Synopsis The 29-year-old Sacramento woman is prohibited from flying for three years while she is on supervised release and must participate in anger
Insurers, banks order probes in the wake of Axis Mutual Fund controversy – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/insure/insurers-banks-order-probes-in-the-wake-of-axis-mutual-fund-controversy/articleshow/91843193.cms Synopsis After reports that two Axis MF executives were implicated in front running – or, purchasing or selling shares based on non-public information
*****Why aviation industry is a tempting target for cyberattacks | Business Standard News
Clipped from: https://www.business-standard.com/article/technology/decoded-why-aviation-industry-is-a-tempting-target-for-cyberattacks-122052701407_1.html Airlines and aviation systems need to secure customer data, and also data transmission to ground controls At least 280 R-ware attacks were reported
*Wheat markets still on the edge a fortnight after govt’s export ban | Business Standard News
Clipped from: https://www.thehindu.com/business/markets/sebi-tweaks-sop-in-case-of-defaults-by-trading-clearing-members/article65467062.ece The regulator, in consultation with the Market Infrastructure Institutions, has decided to modify the framework. The logo of the Securities and Exchange Board
*High WPI may put pressure on retail inflation: RBI – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/high-wpi-may-put-pressure-on-retail-inflation-rbi-335373-2022-05-27 The RBI also said that the cost-push pressures from high industrial raw material prices, transportation costs and global logistics, and supply chain bottlenecks
*****Sustaining asset quality in PSBs – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/sustaining-asset-quality-in-psbs/article65464510.ece A continuous tweaking of the credit risk management systems to the evolving macro environment holds the key It is noteworthy that public sector
*****Banks need to be watchful on restructured advances, warns RBI – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-need-to-be-watchful-on-restructured-advances-warns-rbi/article65466257.ece With the unwinding of support measures, some of the restructured accounts might face solvency concerns, says RBI Banks need to be watchful of
*****Crude economics | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/crude-economics-122052501648_1.html India needs deeper fiscal reforms India’s macroeconomic outlook often changes, depending on the level of crude oil prices. As a large importer of energy,
*No legal right with candidate on mere application of job: SC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/no-legal-right-with-candidate-on-mere-application-of-job-sc/article65463135.ece The apex court, however, clarified that this is different from holding that the employer is free to act in an arbitrary manner A
*CBIC instructs no coercive action during search and seizure for recovery of dues – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/cbic-instructs-no-coercive-action-during-search-and-seizure-for-recovery-of-dues/article65463214.ece If it happens, then disciplinary action may be taken against the tax official The Central Board of Indirect Taxes and Custom (CBIC) has
*****FinMin revises cash management guidelines, permits use of unspent balances from one quarter to next – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/finmin-revises-cash-management-guidelines-permits-use-of-unspent-balances-from-one-quarter-to-next/article65463734.ece Expenditure capping for fourth quarter, March restored The Finance Ministry has permitted Central Ministries and Departments to carry forward unspent money in the
*****Don’t swing between ban and incentives – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/dont-swing-between-ban-and-incentives/articleshow/91797020.cms Synopsis Scrapping the customs duty and agriculture infrastructure development cess on the import of crude soyabean oil and crude sunflower oil (2022-23 and
*****SBI YONO app: Who is eligible for instant loan of up to Rs 35 lakh via SBI YONO app – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/borrow/who-is-eligible-for-instant-loan-of-up-to-rs-35-lakh-via-sbi-yono-app/articleshow/91811706.cms Synopsis State Bank of India (SBI), the country’s largest lender, has launched Real Time Xpress Credit (RTXC) on its YONO platform with the
*****Cybersecurity: Cisco launches tool to help SMBs gauge cybersecurity preparedness
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/cisco-launches-tool-to-help-smbs-gauge-cybersecurity-preparedness/articleshow/91808225.cms Synopsis Cybersecurity has become a key focus area for organizations as they embrace hybrid work, allowing employees to securely work from anywhere and