News digest: PCA framework, oil prices impact, More power to ROCs, and more

If Brent crude falls and the rupee appreciates to some extent, the import bill could be somewhere between $105 billion and $125 billion for the financial year

FPIs may get high on India as oil prices fall

Foreign investors may come back to India because of the fall in oil prices and the improvement in the domestic fundamentals, but that could happen only after they make sure the oil correction is here to stay and India’s deficits are bridged. Read more

‘How will banks come out of PCA unless they lend?’

The government and the Reserve Bank of India (RBI) have agreed to sort out their differences on some key issues affecting the economy. Ahead of the RBI’s next board meeting on December 14, Financial Services Secretary