GS-III

Three-year road map to improve regulation, supervision The Reserve Bank of India (RBI) board, which met in New Delhi, finalised a three- year roadmap to improve regulation and supervision, among other functions of the central bank. This medium term strategy — named Utkarsh 2022 — is in line with the …

India is an important talent contributor to our global leadership in the U.S., says Ramadurai Minnesota-based 3M Company, that manufactures more than 60,000 products for homes, schools, enterprises, governments and hospitals, may be staring at a barrage of market challenges. These include flagging demand for cars and smartphones, growing end-market …

Repo transmission taking 2-3 months against the 6 months earlier, says Das The financial system is “hugely surplus” with liquidity, Reserve Bank of India Governor Shaktikanta Das said on Monday, adding that this would facilitate better transmission of rate cuts implemented by the central bank. “You have to keep in …

It can fine up to Rs. 10 cr. if a person tampers with information to obstruct probe, destroy data The Finance Bill, 2019 has given the Securities and Exchange Board of India (SEBI) new powers to act against entities that tamper or destroy electronic databases or fail to furnish information …

Surcharge on high income group, strong U.S. jobs data lowering prospects of Fed rate cut dampeners The first trading session of the equity markets after the Union Budget saw stocks in a free-fall mode on Monday as a mix of global factors and domestic concerns emanating from some of the …

Beijing pushes for diplomacy for the settlement of the issue China on Monday alleged that “unilateral bullying” by the United States was the “root cause” of Iran’s decision to expand uranium enrichment. While regretting Iran’s announcement as a breach of the nuclear deal, Chinese Foreign Ministry spokesperson Geng Shuang made …

‘People gave us a strong mandate to change Greece. We will honour it to the full’ Greece’s new conservative Prime Minister Kyriakos Mitsotakis was sworn in on Monday after a sweeping election victory put him in charge of the EU’s most indebted member with promises to end a decade of …

Aviation trails will take place after delivery, says Vice Admiral India-made Vikrant to be delivered by 2021 India’s first Indigenous Aircraft Carrier (IAC-I) Vikrant is at an advanced stage of construction and will be delivered in 2021, a senior Navy officer said on Monday. “Starting of gas turbines will take …

The Supreme Court on Monday agreed to urgently hear a petition filed by an NGO against a Bombay High Court order, which upheld the reservation provided to the Maratha community in education and government jobs in Maharashtra. Chief Justice of India Ranjan Gogoi, responding to an oral mentioning, scheduled for …

The Indian Newspaper Society (INS) has requested the Centre to withdraw the 10% customs duty imposed on newsprint, uncoated paper used for printing of newspapers and lightweight papers used in magazines. In a statement, INS said on Monday that newspapers and magazines were already reeling under severe financial pressure due …