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ADB unlocks $100 bn funding capacity with capital management reforms

The reforms, carried out through an update of ADB's Capital Adequacy Framework (CAF), would expand the bank's annual new commitments capacity to more than $36 billion

Insolvency and Bankruptcy Board clarifies calculation of liquidator's fees

IBBI also said that there was a gap in understanding in the market about what components of the liquidation cost are to be excluded to derive "other liquidation cost"

Centre keeps option open to reduce market borrowing in second half of FY24

Government will also issue Treasury bills worth Rs 3.12 trillion in the third quarter of 2023-24. Each of these weekly T-bill auctions will be to the tune of Rs 24,000 crore

MCA in talks with market regulator Sebi to allow issue of fractional shares

The senior official said that Sebi has views on this issue since it impacts the listed companies and will soon be making a presentation to MCA on the matter

This is last clear chance for MDBs: Ex-US Treasury secy Lawrence Summers

Nothing important is ever easy but we are increasingly seeing a coming together of the world. I am encouraged by the way the shareholders have come together

MDBs need to be bolder, bigger: 15th Finance Commission chairman N K Singh

The Delhi declaration which came after the submission of volume one was very positive

Regulatory framework for large unlisted firms by MCA in the works

The Companies (Amendment) Act, 2020, provided for the preparation of financial results of prescribed classes of unlisted companies periodically, but the same was not notified by the MCA

Household savings report: There is no distress, says finance ministry

The clarification comes in the backdrop of Reserve Bank of India data showing that household net financial savings rate is at its lowest in decades

India must grow at 8% to transform lives: Former US treasury secy

Speaking at a CII event, Larry Summers highlighted that the issues India faces are less related to the scale of the govt and more about its effectiveness

FinMin retains 6.5% GDP growth estimate for FY24, says 'outlook bright'

Steady decline in urban unemployment rate; private consumption strong: Monthly Economic Review

Govt bonds' JP Morgan index inclusion to boost rupee, help finance CAD: CEA

Fiscal, monetary policies will need to be cognizant of global perceptions and sensitivities, says Nageswaran

Pre-Budget consultations to start from 10 October 2023, says govt

The department of economic affairs has asked the ministries to ensure that their data for the pre-Budget discussion is ready and filed by October 5

ADB lowers FY24 GDP forecast to 6.3%, India Ratings raises it to 6.2%

ADB has, however, retained FY25 growth forecast at 6.7 per cent, citing rising private investment and industrial output are expected to drive growth

Upward revision: OECD raises India's FY24 GDP growth projection to 6.3%

Also revises inflation projection to 5.3% from 4.8%

EU's carbon tax seeks to doubly punish India: FM Nirmala Sitharaman

The finance minister said the EU has to consider India's concerns, and other countries will not view them kindly

Jobs more likely to be augmented than destroyed with Gen AI: ILO D-G

The latest ILO data highlights India's significant progress in enhancing social protection, says Gilbert F Houngbo, director-general, ILO

We see signs of buoyancy in the economy, says FM Nirmala Sitharaman

Inflation a permanent challenge; won't sit back, says FM Nirmala Sitharaman

We are not going back to licence raj, says FM Nirmala Sitharaman

In an exclusive interview, Sitharaman says focus is on sunrise sectors, job creation

Looking back, India has done magical work: G20 Sherpa Amitabh Kant

Kant talks about the historic summit, the New Delhi Declaration, the challenges on the way and many sleepless nights to find the voice of moderation

India, UK explore possibility of shares listing at GIFT City and LSE

Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges through instruments such as depository receipts