Daily Archives: September 29, 2018

Govt. unveils centre for data analytics

It will also enable self-service analytics With a view to fast-tracking the adoption of data analytics in the government to improve delivery of services to citizens, Electronics and IT Minister Ravi Shankar Prasad on Friday unveiled a Centre of Excellence for Data Analytics (CEDA). The centre would help build analytic …

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Govt. creates high-level group to advise on boosting trade

Move comes in the wake of challenges in global scenario Commerce Minister Suresh Prabhu has approved the constitution of a high-level advisory group (HLAG) to look into the opportunities and ways to address the ongoing challenges in the global trade scenario, the government said on Friday. “The terms of reference …

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RBI draft warns of action for market abuse

Guilty participants face temporary or permanent stoppage of access to markets The Reserve Bank of India (RBI) on Friday issued the draft guidelines on prohibiting market abuse, which propose to debar errant participants from accessing the market. “Participants found guilty of market abuse may be subject to regulatory action, including …

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Liquidity remains a critical challenge

There is a dire need to develop and deepen the debt market, says the MD of Sundaram Finance Rates may have eased in the shorter-end with the Reserve Bank of India (RBI) relaxing the SLR (statutory liquidity ratio) norms but liquidity, especially in the longer-end, is a challenge, according to …

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Wary investors stay clear of IPOs in volatile markets

Garden Reach extends IPO closure date, lowers price band to get fully subscribed The underlying weakness of the secondary markets and increased volatility have taken a toll on the primary market with two issues, including a government-backed offering, facing difficulties in getting fully subscribed. Garden Reach Shipbuilders & Engineers — …

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Imran’s bid to tackle water crisis

Prime Minister asks Pakistanis to crowdfund $14 billion to build dams It’s a far cry from those sponsored Facebook posts asking you to invest in a start-up’s new digital watch or an unbreakable phone case. But Prime Minister Imran Khan wants Pakistanis to crowdfund a whopping $14 billion for desperately …

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China slams U.S. trade ‘blackmail’

But Foreign Minister says they do not want to challenge America’s pre-eminence China on Friday denounced “blackmail” by President Donald Trump over trade but insisted it had no plan to challenge U.S. pre-eminence, as relations between the world’s two largest economies deteriorate. Days after Mr. Trump slapped $200 billion in …

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