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  • RBI’s revised PCA rules can potentially impact more than half of PSBs: Fitch Fitch Ratings, the international ratings agency in its latest report has said that more than half of the country’s Public Sector Banks (PSBs) can be impacted by the Reserve Bank of India’s (RBI) revised Prompt Corrective Action (PCA) framework and they would breach at least one of the new thresholds... Full Article | 11:53 AM 21-Apr-2017
  • India records impressive growth performance in recent years: IMF The International Monetary Fund (IMF) in its report on Fiscal Monitor has said that India has recorded quite an impressive growth performance in recent years which makes room for tax broadening efforts by the government. The report also stated that India returned to fiscal consolidation in the... Full Article | 11:37 AM 21-Apr-2017
  • Currency fluctuation across the world has become a new normal: Sitharaman Commerce and Industry Minister Nirmala Sitharaman said that frequent fluctuation in currencies across the world, not just the Indian rupee, has become a new normal. She also said that the value of the currency is only one factor and exporters in India have learnt to take into account currency... Full Article | 10:35 AM 21-Apr-2017
  • RERA all set for its rollout on May 1 across the country Issuing the regulations and enforcing the legislation, the Ministry of Housing and Urban Poverty Alleviation has notified the Real Estate (Regulation and Development) Act, 2016, in its entirety setting a three-month deadline starting May 1 for all state governments to appoint a Real Estate... Full Article | 09:35 AM 21-Apr-2017
  • P-notes investment surges to 4-month high of Rs 1.78 lakh crore at March-end After witnessing a decline in the month of February, the share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) have surprisingly surged to 4-month high of Rs 1.78 lakh crore at the end of March despite stringent norms put in place by Sebi to... Full Article | 09:34 AM 21-Apr-2017
  • Steel ministry to seek Cabinet nod for new national steel policy With an aim to transform the country into a global steel leader, both as steel producer and steel consuming nation, the steel ministry will soon seek Cabinet nod for a proposed new national steel policy, which seeks to more than double India’s domestic steel production capacity to 300 million tonnes... Full Article | 01:14 PM 20-Apr-2017
  • RBI's revised PCA framework positive for banking sector: ICRA Welcoming the Reserve Bank’s recent revision in the prompt corrective action (PCA) framework for the banks, domestic credit rating agency ICRA has said that it is positive for banking sector, given the operating and financial profile of some of the banks and it expects that these measures will... Full Article | 11:48 AM 20-Apr-2017
  • Govt allows states to borrow directly from ODA partners for infra projects The government has allowed state entities to borrow directly from bilateral Official development Assistance (ODA) partners like Japan International Cooperation Agency (JICA) for the purpose of implementing vital infrastructure projects. The decision will benefit important projects such as Mumbai... Full Article | 11:35 AM 20-Apr-2017
  • Note ban’s real fallout evaluation may take few months: Subramanian Chief Economic Adviser Arvind Subramanian has said that it may take few months to evaluate the real fallout of Modi government’s decision to withdraw high-denomination currency notes from circulation. He also pointed out that India’s high GDP growth rate in the previous financial year may not... Full Article | 10:38 AM 20-Apr-2017
  • Indian IT firms may face layoffs due to US visa curbs, rising rupee: Assocham Raising concern over the H-1B visa issue, the industry body, Associated Chambers of Commerce and Industry of India (Assocham) in its latest report has said that tightening H-1B visa regime in the United States will force IT giants to create fundamental changes to their strategies in terms of hiring,... Full Article | 09:42 AM 20-Apr-2017
  • Sebi plans framework for consolidation, re-issuance of debt securities In order to deepen the corporate bond market and ensure better price discovery avenues for investors, the capital market regulator, the Securities and Exchange Board of India (SEBI) is planning to put in place a framework for consolidation and re-issuance of debt securities, whose proposal will be... Full Article | 01:03 PM 19-Apr-2017
  • India ranks 8th on global FDI Confidence Index Rising one spot to rank 8 in this year’s AT Kearney Foreign Direct Investment (FDI) Confidence Index, India remained in the top 10 for the second year in a row. The country’s level of confidence in a market as a future destination for FDI scored 1.68 on a 0 to 3 scale, with 31 per cent of the... Full Article | 11:45 AM 19-Apr-2017
  • Govt likely to impose anti-dumping duty on chemical imports from 6 countries In order to protect the domestic industries from cheap in-bound shipments, the government is likely to impose anti-dumping duty of up to $118 per tonne on import of 'Hydrogen Peroxide' chemical used by various industries in applications like corrosion control, paper and pulp bleaching from six... Full Article | 11:37 AM 19-Apr-2017
  • IMF cuts India’s economic growth estimate by 0.4% to 7.2% for 2017 The International Monetary Fund (IMF) has cut India’s annual growth estimate for 2017 by 0.4 percentage points to 7.2 per cent, mainly owing to temporary negative consumption shock induced by cash shortages and payment disruptions from recent currency note withdrawal and exchange initiative. However... Full Article | 10:40 AM 19-Apr-2017
  • IMD forecasts normal monsoon with a fair distribution of rainfall Easing concerns over farm and economic growth in the country, the India Meteorological Department (IMD), the country's national weather forecaster, has said that India would receive 'normal' monsoon, with a fair distribution of rainfall across major parts of country. It added that seasonal monsoon... Full Article | 09:23 AM 19-Apr-2017
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