After drawing a list of non-performing assets (NPAs) from banks across the country, CBI had registered 35 cases related to bank frauds involving more than Rs 7,000 crore
The last time services activity contracted for two consecutive months was in August 2017 following the hasty implementation of GST.
Trade talks between US and China started in November 2018, but have not yielded desired results even after more than a dozen rounds of negotiations in both Beijing and Washington
Xi Jinping said more must be done to boost international cooperation and remove barriers to innovation
The People's Bank of China said on its website that it was lowering the rate on one-year MLF loans by 5 basis points (bps) to 3.25 percent from 3.30 percent previously
India registered a trade deficit in 2018-19 with as many as 11 RCEP member countries including China, South Korea and Australia.
India imported 38 tonnes of gold in October, down 33 percent from 57 tonnes a year earlier
Further, the capital markets regulator said that a firm upon resignation of designated person, should make efforts to update address and contact details of such designated persons for one year after resignation and should preserve the data for five years.
The regulator said if the variable pay is up to 200 percent of the fixed pay, at least 50 percent of it should be in non-cash, and if the variable pay is above 200 percent, 67 percent of it should be paid via non-cash instruments.
The bank had registered a net loss of Rs 487.26 crore in the corresponding quarter of the previous financial year
"Our position on this issue has been consistent and clear from the very beginning," government sources said.
In an amendment to the 'Listing and Disclosure Requirement' in May last year, the regulator called for separation of the posts of Chairman and Managing Director (MD)/CEO of listed companies
"Moreover, with the bond markets remaining risk averse towards NBFCs, the YoY growth in the volume of bonds outstanding is expected to moderate to about 4 percent in FY2020 from 12 percent in FY2019," it said.
Speaking at a panel discussion at Columbia University here on Friday on the 'Indian Economy: The Next Five Years', Acharya outlined a few "possible remedies" and recommendations for the Indian economy going forward.
The primary reason for the uptick in enrollment was achievement of targets allocated to banks for opening of new APY accounts, it said in a statement.
New Delhi imported 38 tonnes of gold in October, down 33% from 57 tonnes a year ago, the source said on condition of anonymity as he is not authorised to speak to media.
The LIC policyholders who bought their policies after January 1, 2014 could revive their non-linked policies within five years and unit-linked policies within three years of the first unpaid premium.
The former finance minister, who is in jail for alleged corruption in the INX Media case, also said in a tweet that the magazine is read by the Fortune 500 companies that will invest in India.
"Today, we are averaging about USD 11 billion a year in renewable investments, we ideally should be getting USD 30 billion per year in India," Arunabha Ghosh, chief executive officer of Council on Energy, Environment and Water, said.
The comments threw new doubt over the participation of India in the China-backed 16-nation Regional Comprehensive Economic Partnership (RCEP) despite a Thai official saying that India was part of the agreement.
Hard-selling India as one of the most attractive investment destinations globally, Modi also said the country has stopped working in a routine, bureaucratic manner and was undergoing "transformative changes" in its march towards economic and social development.
This is the right time for aggressive privatisation
Accordingly, the quantum will be fixed as to how much to raise through the ETF mode to meet the target set for the current financial year, the sources added.
Modi said India is “clear” that a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of the country and of all nations involved in the negotiation.
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