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Daily Archives: November 20, 2018

Defaulters list: CIC pulls up PMO

Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and former RBI Governor Raghuram Rajan’s letter on bad loans. The panel pulled up the PMO for not complying with its directive to disclose the letter from Dr. …

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Rupee fall boosts apparel exports

Total textile and apparel exports grew 38% in October The textile and apparel sector seems to have seen a revival, going by export performance in October this year. Apparel exports grew 54% in rupee terms in October compared with the same month last year; in dollar terms it was 36% …

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Genome study on teas at advanced stage

Research will unravel the specialities of Assam teas, says an official A genome study project initiated by the Tea Board of India, to establish the origins and speciality of Indian teas, has now reached an advanced stage. The study is being conducted on Assam teas to establish it as a …

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GST, a game-changer reform for logistics sector

In pre-GST era, the industry was struggling to add value to its customers, compared to global peers It has been 15 months since the rollout of what is considered one of India’s biggest tax reforms — the Goods and Services Tax (GST). But, we are already witnessing a major positive …

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In case of a split vote, Governer holds the ace

Section 13 of the RBI Act gives Governor the deciding vote Monday’s meeting of the Reserve Bank of India’s Central Board will be as important for the actions taken as for the fact that it’s the first time the body has met since the ‘RBI vs Finance Ministry’ tussle broke …

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India steps up agro-diplomacy with China

New Delhi feels that Beijing will focus on food security by diversifying imports in view of trade war As the trade war with the United States continues to bite — with only a slim chance that the world’s two biggest economies can go past a possible truce — China appears …

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Of credit rating agencies and credibility

The extent of independence of the ratings committee and quality of analysis warrant close watch The IL&FS saga has brought the spotlight back on credit ratings agencies for all wrong reasons. The last time such a situation arose was in late 2015, when auto ancillary company Amtek Auto defaulted on …

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‘If Tatas enter, Goyal may have to exit Jet’

Tatas seem keen on Jet, due diligence may be over: analysts A deal to acquire Jet Airways may be in the making, now that Tata Sons has clarified that it is holding preliminary discussions with Jet Airways for a possible investment in one of India’s once-high-flying airlines. Analysts expect an …

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