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 …
Read More »Daily Archives: September 29, 2018
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 …
Read More »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 …
Read More »States’ average GST revenue shortfall down to 13% in FY19
Only 10 States have revenue deficit of over 20%, says Jaitley The average revenue shortfall of States due to the Goods and Services Tax has fallen to 13% in the ongoing financial year up to August 2018, from 16% in 2017-18, Finance Minister Arun Jaitley said on Friday after the …
Read More »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 …
Read More »RBI cracks down on Bandhan Bank for violating norm
Bank had to cut promoters’ stake to 40% by August 22 which was not done The Reserve Bank of India (RBI) has cracked the whip on Bandhan Bank freezing the remuneration of its MD and CEO Chandra Shekhar Ghosh for not bringing down promoters’ shareholding in the bank to 40% …
Read More »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 — …
Read More »Terrorism is largest threat to peace in S. Asia: Sushma
Pakistan blames India for ‘blocking regional integration’ Terrorism remains the single largest threat to peace and stability in South Asia, External Affairs Minister Sushma Swaraj told an informal meeting of her counterparts from the region on the sidelines of the UN General Assembly (UNGA). Ms. Swaraj left the meeting after …
Read More »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 …
Read More »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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