The Reserve Bank of India issued a discussion paper last Friday on regulations concerning NBFCs. The crux of these regulations is to reduce significantly the arbitrage between NBFCs and banks. The other area of significance is IPO funding where currently
Abu Dhabi, Jan 27 In the wake of the raging coronavirus pandemic, India’s 72nd Republic Day celebrations in the country’s missions across the United Arab Emirates (UAE) on Tuesday took place in a virtual format for the first time ever.
New Delhi, Jan 27 The Centre needs to come up with higher budgetary allocation for power distribution infrastructure in the upcoming Union Budget, sector stakeholders and experts said. ICRA has recommended higher budgetary allocation to strengthen the power distribution infrastructure
Geneva, Jan 27 The World Health Organization (WHO) warned on Tuesday that bilateral deals on Covid-19 vaccines between countries and companies are putting at risk the promise of Covax, the WHO-led global initiative aimed to ensure rapid and equitable access
New Delhi, Jan 27 The global demand for LNG will be driven by the Asia-Pacific and particularly China, ratings agency ICRA said in a report. The assessment comes after the spot price for natural gas (spot LNG prices) rose to
New Delhi, Jan 27 The oil and gas sector has emerged as one of the largest contributor to the overall profit or dividend pool, said Motilal Oswal Financial Services in a report. According to MOFSL report ‘Payouts’, the oil and
New Delhi, Jan 26 Union Home Minister Amit Shah on Tuesday held an emergency meeting at his residence over the violence that rocked parts of the national capital during the farmers’ Republic Day parade. According to sources, the Home Secretary,
New Delhi, Jan 26 India’s military might, cultural diversity, social and economic progress were displayed during the 72nd Republic Day celebrations at the majestic Rajpath in New Delhi on Tuesday. Representing India’s strides in indigenous defence technologies, Defence Research and
New Delhi, Jan 26 India’s economy is estimated to have contracted by 9.6 per cent in 2020 due to the coronavirus pandemic. Noting that the COVID-19 crisis has wreaked havoc on labour markets in the developing world, the World Economic
New Delhi, Jan 26 The Reserve Bank’s proposals on restricting specific real estate funding by NBFCs will significantly affect land financing by them, India Ratings and Research (Ind-Ra) said in a report. In a recent discussion paper, the RBI proposed to
New Delhi, Jan 26 Global parlays on additional safety measures required for reopening of international flight operations are underway. Accordingly, talks have started at the International Air Transport Association on “ways and means” to restart the economically important business activity.
New Delhi, Jan 26 As India celebrated its 72nd Republic Day on Tuesday, President Ram Nath Kovind unfurled the national flag and received the customary 21-gun salute at Rajpath. The 21-gun salute was presented by the Ceremonial Battery of 223
New Delhi, Jan 26 The dictionary defines the word Republic “as a government in which supreme power resides in a body of citizens entitled to vote and is exercised by elected officers and representatives responsible to them and governing according
New Delhi, Jan 26 Prime Minister Narendra Modi lead the nation in paying tributes to the fallen soldiers by offering a wreath at the National War Memorial at the India Gate on the occasion of 72nd Republic Day on Tuesday.
New Delhi, Jan 26 The Indo-Tibetan Border Police (ITBP) personnel braved inhospitable conditions in Ladakh on Tuesday when they marched with the national flag on the frozen water body at 17,000 feet above the sea level to celebrate Republic Day.
New Delhi, Jan 26 Prime Minister Narendra Modi on Tuesday extended his greetings to the citizens of India as the country marked its 72nd Republic Day. In a tweet both in English and Hindi, the Prime Minister said: “Wishing all
New Delhi, Jan 26 The Union Minister for Road Transport and Highways Nitin Gadkari on Monday said his department has approved a proposal to levy “Green Tax” on old vehicles that are polluting the environment. He said that the proposal will
New Delhi, Jan 26 On the eve of Republic Day, President Ram Nath Kovind said justice, liberty, equality, and fraternity, outlined in the Preamble of the Constitution, are sacred to everybody in the nation. The President said in his speech:
New Delhi, Jan 26 The government proposes to offer relief to individuals who have been facing difficulty with the status of their residency in India under the provisions of the Income Tax Act due to the lockdown and suspension of
United Nations, Jan 26 The United Nations sees the Indian economy recovering by 7.3 per cent this calendar year after a coronavirus-driven fall of 9.6 per cent last year. The UN’s World Economic Situation and Prospects 2021 report released on
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