Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-mandate-risk-based-internal-audit-for-large-ucbs-nbfcs/article33251410.ece The Reserve Bank of India (RBI) has decided to bring large Urban Cooperative Banks (UCBs) and Non-Banking Finance Companies (NBFCs) within the Risk
Why action was taken on HDFC Bank for outage – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-governor-on-hdfc-bank-action-public-confidence-in-digital-banking-has-to-be-maintained/article33249138.ece Urges banks to invest proactively in technology; RBI team also looking into outage at SBI Reserve Bank of India Governor Shaktikanta Das on
The power of forward guidance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-power-of-forward-guidance-120120401574_1.html The point of dissonance is, however, regarding the surplus liquidity sloshing around the banking system and the fear that it might endanger financial
Reserve Bank asks banks not to declare dividend for FY 20 | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/covid-impact-reserve-bank-asks-banks-not-to-declare-dividend-for-fy-20-120120500785_1.html The RBI has asked banks to conserve capital and not make any dividend payments for financial year 2020 The Reserve Bank of India (RBI) has
A no-action monetary policy buys time for growth | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/a-no-action-monetary-policy-buys-time-for-growth-120120401329_1.html The job of breaking the back of inflation is left to the government’s proactive supply management strategies, for now There is no surprise
Pfizer seeks emergency-use authorisation for its Covid-19 vaccine in India | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/pfizer-seeks-emergency-use-authorisation-for-its-covid-19-vaccine-in-india-120120600003_1.html Pfizer India has become the first pharma company to seek an emergency-use authorisation for its coronavirus vaccine in the country from DCGI Pfizer
India hopes for resuming Iran oil imports as Biden presidency nears | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/india-hopes-for-resuming-iran-oil-imports-as-biden-presidency-nears-120120600065_1.html India halted its imports from Iran, previously its third-largest oil supplier, in mid-2019 after the expiration of US exemptions. Asia’s biggest oil importers
Will atmanirbhar call damage India’s small entrepreneurs? – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/will-atmanirbhar-call-damage-indias-small-entrepreneurs/2143695/ The beneficial linkages between formal and informal enterprises become stronger with trade liberalisation, not protectionism. By Ejaz Ghani the slow growth of India’s
RBI ignores inflation, sticks to growth plan – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbi-ignores-inflation-sticks-to-growth-plan/2143686/ The policy seeks to reassure bond markets while hoping a good crop and fixing Covid-bottlenecks will ease inflation Reserve Bank of India (RBI)
Long term recovery for Covid-hit MSMEs to be uneven; hinges on these sectors in 6-12 months ahead – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-long-term-recovery-for-covid-hit-msmes-to-be-uneven-hinges-on-these-sectors-in-6-12-months-ahead/2142464/ Ease of Doing Business for MSMEs: Covid-induced lockdown enforced by the government in March this year had disrupted operations of MSMEs that have
Now MSMEs can prepare, submit restructuring proposals to banks on their own with SIDBI’s new DIY portal – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-now-msmes-can-prepare-submit-restructuring-proposals-to-banks-on-their-own-with-sidbis-new-diy-portal/2142653/ Ease of Doing Business for MSMEs: The proposals can be shared with up to three banks through the portal that has been developed
Covid crisis: For beauty, personal care startups – is it all gloom, or a beginning of bloom? – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/covid-crisis-for-beauty-personal-care-startups-is-it-all-gloom-or-a-beginning-of-bloom/2142674/ Startups should look at the bigger picture. Is it possible to fulfill their true potential without being omnipresent? What does it take to
Sebi’s Arbitrary Eclipse of 63 Moons
Clipped from: https://economictimes.indiatimes.com/blogs/et-editorials/sebis-arbitrary-eclipse-of-63-moons/ET Edit Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Markets regulator Sebi has issued an order prohibiting
Mahashay Dharampal Gulati: Subcondiment’s pride: MDH’s Mahashay Dharampal Gulati knew how to flex his masalas – The Economic Times
lipped from: https://economictimes.indiatimes.com/magazines/panache/subcondiments-pride-mdhs-mahashay-dharampal-gulati-knew-how-to-flex-his-masalas/articleshow/79576326.cmsSynopsis Gulati was also his empire’s best advertisement and brand ambassador. Garam masala will not taste the same again. But the passing of spice giant MDH’s
A Rs 76,400 crore sector is pivotal to reducing dependence on Chinese imports – The Economic Times
SynopsisComplete indigenisation of the consumer appliance components sector can speed up Aatmanirbhar Bharat. Quoting Swami Vivekananda, who had written that Indians should produce for themselves
GST compensation: All states take Rs 1.1 lakh crore option, Jharkhand last state to join – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/all-states-take-rs-1-1-lakh-crore-option-jharkhand-last-state-to-join/articleshow/79577958.cmsSynopsis With Jharkhand, the last state to take the option, the issue that had become a home of contention between Centre and states now
Now that coronavirus vaccines are coming, what about poor countries? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/international/world-news/now-that-coronavirus-vaccines-are-coming-what-about-poor-countries/articleshow/79581802.cmsSynopsis This being a pandemic (from the Greek word for “all people”), that welcome development presents all the usual problems of global differences in
In RBI’s inflation-growth balancing, growth is big winner in this round – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/in-rbis-inflation-growth-balancing-growth-is-big-winner-in-this-round/articleshow/79578747.cmsSynopsis Normally, with this kind of elevated inflation scenario, the regulator would have treaded a more careful path. However, given the extraordinary situation, the
Pfizer-BioNTech Vaccine: What does it mean for India and most other low-and middle-income countries? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/pfizer-biontech-vaccine-what-does-it-mean-for-india-and-most-other-low-and-middle-income-countries/articleshow/79583143.cmsSynopsis The fear that the mRNA vaccine will alter the human genetic code is without basis. In a normal cell, mRNA is a “messenger”
The power of forward guidance | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-power-of-forward-guidance-120120401574_1.html The point of dissonance is, however, regarding the surplus liquidity sloshing around the banking system and the fear that it might endanger financial
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