Yearly Archives: 2018

RBI officers protest over promotion policy

Hundreds of Reserve Bank of India (RBI) officers joined a protest at the central bank’s headquarters here on Tuesday against a recent change in the promotion policy, Reserve Bank sources said. The protest, which started around lunchtime, went on till the evening prompting some senior central bank officials to discuss …

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RBI scales up liquidity infusion

The Reserve Bank on Tuesday said it had decided to scale up the amount of liquidity infusion by Rs. 10,000 crore to Rs. 50,000 crore this month, after a review of the evolving liquidity conditions. The central bank had earlier announced to infuse liquidity amounting to Rs. 40,000 crore through …

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Govt. unearths GST evasions of Rs. 12,766 cr.

The government has detected 3,196 cases of Goods and Services Tax evasion amounting to Rs. 12,766.85 crore in this financial year up to November 2018, according to the Finance Ministry. Of this, an amount of Rs. 7,909.96 crore has been recovered between April and November 2018, according to data provided …

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Price IPOs reasonably: SEBI

The capital markets regulator has asked investment bankers to do more due diligence and price public issues more reasonably so that it would be acceptable to both investors and issuers. “IPOs not clicking is something, which is a cause of worry… Merchant bankers have a role to see that it …

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U.S. military to have a ‘Space Command’

U.S. President Donald Trump on Tuesday ordered the creation of “Space Command”, a new organisational structure within the Pentagon that will have overall control of military space operations. The command will be separate from Mr. Trump’s goal to build an entirely new branch of the military called “Space Force,” which …

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Rajapaksa named leader of Opposition

Former President Mahinda Rajapaksa was on Tuesday named the Leader of Opposition in the Sri Lankan Parliament, but rival lawmakers contested his eligibility to hold the position. The Speaker has said that he would consider the objections and give a ruling on Friday. Number of MPs Days after he stepped …

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