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Consumer spend survey: Panel didn't flag quality issues, ask for scrapping

Govt had said a committee of experts was formed and several 'concerns' related to the survey report was flagged to it

Maharashtra, Haryana saw biggest drop in rural consumer spending: NSO data

Rural parts of Haryana and Maharashtra saw an 18 per cent fall in consumer spending in 2017-18, compared to 2011-12

NSO's junked consumer expenditure survey shows inequality gap declining

Ratio of top and bottom 10% declined sharply to 5% in 2017-18 from 5.9% in 2011-12 in rural areas

Are India's falling consumer spending and strong GDP growth in sync?

At the macro level, a similar dichotomy is visible in two sets of data released by the same institution, the Ministry of Statistics and Programme Implementation

Govt scraps NSO's consumer expenditure survey over 'data quality'

The findings of the report, published by Business Standard on Friday, showed consumer spending falling for the first time in over four decades in 2017-18

Consumer spend sees first fall in 4 decades on weak rural demand: NSO data

In rural areas, it declined by 8.8% in 2017-18; in cities, it rose by 2% over 6 years

RBI plans PCA framework, different supervisory system for NBFCs by 2022

The RBI contemplates a return to an earlier supervisory rating framework for NBFCs, too, while ensuring financial statement disclosures here are on a par with banks

Labour ministry seeks hike in loan ceiling under Mudra, writes to FinMin

Writes to finance ministry for changes in scheme to boost employment, remove disparities

Mudra boost to employment: Beneficiaries of the scheme create 11 mn jobs

After taking benefit of the scheme, jobs increased by around 11 mn in these establishments

PNB reports net profit of Rs 507 crore in Q2; finances under stress

Provisioning related to bad loans went up to Rs 3,253 crore in Q2, up from Rs 2,147 crore in the previous quarter

Centre mulls classifying jobs based on skills to remove arbitrariness

The ministry has come out with a list of occupations skill-wise, which will be dynamic in nature," a senior labour ministry official said, requesting anonymity.

Minimum wage for workers likely to increase in next three months

Children education, medical costs set to be included in minimum wage

Post-merger preparations: PNB seeks time to offload stake in insurance JV

Union Bank holds around 46 per cent stake in Star Union Dai-ichi Life Insurance and Andhra Bank is a part of IndiaFirst Life Insurance with 30 per cent stake

Slowdown hasn't hurt small finance banks: ESAF Small Finance Bank CEO

ESAF Small Finance Bank, which began operations in March 2017, saw an over threefold jump in its net profit to Rs 90 crore in 2018-19

IBA rejects bankers' demand for five-day work week, sticks to 12% wage hike

The unions have been demanding a five-day work week since a long time

Suzlon may escape NCLT route as lenders explore debt restructuring

The Centre's latest diktat to public sector banks (PSBs) to avoid the insolvency route would favour the company

RBI steps in to raise deposit insurance cover for customers from Rs 100,000

RBI asks arm to create model that'll make banks pay premiums depending upon their risk factor

Govt asks PSBs to look for alternative resolution mechanism outside IBC

Banks have also been asked to promote the disbursement of Mudra loans

Govt to bring back FRDI Bill, may hike insurance cover of customers

The government intends to hike the insurance cover of customers of a failed financial institution

Will ask firms to clear Rs 40,000-cr MSME dues fast: FM Nirmala Sitharaman

NBFCs with a minimum rating of 'AA' are allowed to participate in the scheme.