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Updated: 7 min 6 sec ago

Govt amends rules pertaining to Indian Accounting Standards

6 hours 42 min ago
Ind AS are converged with the International Financial Reporting Standards (IFRS).

Tamil Nadu ranks 2nd after AP in new job creation under IBPS scheme

9 hours 45 min ago
Under the IBPS Scheme, Andhra Pradesh is the highest in employment generation by creating 12,234 new jobs

Repo rate expected to remain unchanged in fiscal 2022: Emkay Global

9 hours 52 min ago
Reserve Bank of India's repo rate is expected to remain unchanged during FY22, said Emkay Global in a report.

Credit growth in fiscal 2022 to be in low double-digit: Care Ratings

11 hours 3 min ago
The slowdown in economy can further delay anticipated pick-up in credit growth apart from the likely impact on asset quality.

India's roadside restaurateurs count cost of coronavirus pandemic

12 hours 56 min ago
Given low vaccination rates, experts are already warning of a third wave later this year.

IMF proposes setting up of an international carbon price floor

13 hours 49 min ago
The IMF chief noted that a carbon price floor arrangement does not mean carbon taxes per se.

Real GDP growth likely to be 8.7% in FY22: Motilal Oswal Financial Services

14 hours 10 min ago
Motilal Oswal Financial Services has projected real GDP growth of 8.7 per cent in FY22, down from 11.1 per cent it had forecast earlier

Govt ready to talk to farmers but not on repeal of laws, says Tomar

Fri, 06/18/2021 - 13:48
Union Agriculture Minister Narendra Singh Tomar on Friday said the government was ready to talk to the agitating farmers "even if they come at midnight", but not about their demand to repeal the three new laws which are the bone of contention. Thousands of farmers are camping on Delhi's borders since last November, seeking withdrawal of the new agriculture laws. The government is always ready to talk to any farmers' union, I will welcome them even if they come at midnight," the Union minister told reporters here. The government is ready for talks anytime but not on the repeal of the laws," he said. To a question about vaccination against COVID-19, Tomar said vaccines would be available in enough quantity in August. On Congress leader Digvijaya Singh's reported statement that his party would reconsider the abrogation of provisions of Article 370 if it came to power, Tomar said the entire country is against the restoration of Article 370. "Digvijaya Singh's statement would make t

RBI will stick to pushing economic growth at this stage: Deputy guv MK Jain

Fri, 06/18/2021 - 13:20
"The inflation concerns are valid but we have to prioritise growth at this stage", deputy governor MK Jain said at a webinar

Tremendous potential for proliferation of Wi-Fi hotspots in India: Trai

Fri, 06/18/2021 - 12:11
The PM WANI initiative can result in a massive scale-up of the internet in rural areas, which will be transformative, Trai Chairman said

RBI has taken steps to smoothen impact of Covid wave: Deputy Governor Jain

Fri, 06/18/2021 - 11:57
Asserting that the second wave of COVID-19 has posed some challenges, RBI Deputy Governor M K Jain on Friday said both the central bank and the government have taken steps to mitigate its impact. He also said the domestic banking system is strong, as per the preliminary data for the quarter ended March 2021. "I am happy to inform that the banking sector was in strong position when COVID-19 hit...the preliminary data suggest that in terms of CRAR that has been improved upon, the profitability has been improved upon, provision coverage ratio that has also been improved over the previous year, and the gross NPA as well as net NPA has come down," he said. Jain was addressing a virtual conference organised by the India International Centre (IIC) and Research & Information System for Developing Countries (RIS). Observing that the COVID-19 second wave has some challenging aspects, he said both the RBI and the government are dealing with this and taking steps to smoothen the impact on the

MPC chose loose policy to nurse growth, felt inflation wasn't demand-driven

Fri, 06/18/2021 - 10:39
Loss in momentum of activity could be temporary and restricted to the first quarter of FY22, RBI governor Shaktikanta Das is quoted to have said in minutes of MPC meetings

MPC: Support from all sides needed to nurture economic recovery, says Das

Fri, 06/18/2021 - 09:58
RBI governor said pace of vaccination and the speed with which the second Covid wave can be brought under control will have considerable bearing on the inflation trajectory, show MPC minutes

UN Special Rapporteurs write to govt against IT Rules, ask for review

Fri, 06/18/2021 - 09:17
They say the IT Rules seem to be at variance with international law and standards on privacy rights and freedom of opinion and expression, to which India is a signatory

Need to be watchful on inflation even as we prioritise growth: MPC minutes

Fri, 06/18/2021 - 08:55
Focus on revival and sustenance of growth is the most desirable policy option while of course remaining watchful of the inflation trajectory, governor Shaktikanta Das said

US-India Hydrogen Task Force launched

Fri, 06/18/2021 - 08:00
India-US strategic partnership was revamped after Biden administration took charge

General insurance industry to grow at 7-9% in fiscal 2022, says ICRA

Fri, 06/18/2021 - 04:49
The growth in FY20 was strong for both PSU and private sector players which increased market share in FY21.

Capex pace, receivables to drive ratings of Indian renewable holdcos: Fitch

Fri, 06/18/2021 - 01:41
Capex intensity and the pace of receivables collection from distribution companies will dictate ratings trajectory for Greenko Energy Holdings and ReNew Power, Fitch Ratings has said in a new report

Sovereign bonds in India signal growing doubts on RBI's easy policy stance

Thu, 06/17/2021 - 23:37
The inflation shock is adding to uncertainty on whether the central bank would stick to its pledge of keeping policy accommodative to support growth after economy was battered by a deadly Covid wave

Indian UHNIs to invest up to $30 bn in tech startups by 2025: Report

Thu, 06/17/2021 - 16:47
The report titled, 'Turning Ideas to Gold', also noted that India could add 95 new tech unicorns to its 56-strong unicorn pool by the same time period.