Page 2427 - BS Premium

Bank of England boosts interest rate to 13-year high as inflation soars

Policy makers led by Governor Andrew Bailey hinted that they may join a growing global trend for larger hikes if inflation continues to soar

Why govt's skill development initiative still struggles with placements?

In its first iteration, the government was able to enrol two million candidates, but it could certify 1.5 million and place only 0.3 million

Amendments to Electricity Act could be tabled in monsoon session: R K Singh

Government seeks another round of power distribution reform and boost renewable energy

First tranche of 2022-23 gold bonds to open for subscription on June 20

The RBI further said that the second tranche (2022-23 Series II) will be available for subscription during August 22-26, 2022

47th meeting of GST Council to be held on June 28-29 in Srinagar: FinMin

The meeting assumes significance as it is expected to discuss the report of the panel of state ministers on rate rationalisation and also the tax rate on casinos, race courses and online gaming

Project reports for new freight corridors to be ready by Dec: R K Jain

In a Q&A, Dedicated Freight Corridor Corporation of India MD R. K. Jain speaks about the timeline of the projects and the larger plan to build a countrywide freight corridor network

Indians' funds in Swiss banks rise to 14-yr high on surge in instl holdings

The rise in aggregate funds of Indian clients with Swiss banks marks the second consecutive year of increase

Imported urea prices off December 2021 highs; remain elevated in May

The rates are still considerably higher than the same period last year by almost 95.4 per cent

Market may fall further to compensate for sharp rise in bond yields

The equity and the bond market are joined at the hip through respective yields on both instruments

Governance policy will ensure fair access to non-personal data: MeitY

Draft plan focuses on improving institutional framework for government data sharing and principles on privacy

Mandatory registration on the govt anvil to curb wheat flour exports

Some reports said India usually exported 6,000-8,000 tonnes of wheat flour during April-June per month, and that has climbed to almost 100,000 tonnes because of the ban

CBDT issues guidelines for new tax rule on gifts, benefits to influencers

Benefits like free medical samples received by doctors and gifts retained by social media influencers will attract TDS

Banks' gross NPA drop below 6% in March 2022, lowest in six years

Health of the sector is encouraging: Deputy guv

Yield curve shows India's better long-term growth prospects: RBI paper

"The yield curve is indicating an improvement in long-term growth prospects and an upshift in ex-ante inflation expectations," the study said

Comply with norms on display of nutritional value: FSSAI to Swiggy, Zomato

FSSAI had come out with labelling and display regulations in 2020 for food service firms

India better placed to avoid stagflation risk, says RBI report

Paints an encouraging picture of economic activity gaining strength, with most GDP constituents exceeding their pre-pandemic levels

AlphaSense looks to increase India presence, raises $225 mn in funding

The firm said its annual recurring revenue (ARR) now exceeds $100 million

Glenmark drug for treating uncontrolled asthma gets Indian regulator's nod

Company says treatment will be affordable and improve lung function of patients

DGCA audits 30 flying training organisations, finds safety violations

The regulator found in the audit that 'the facilities at the airfield/training organization are not being maintained as per the requirements'

India joins global league after allowing private captive telecom networks

Lufthansa Technik AG announced that it was setting up a 5G private network which would be operated by Vodafone plc and use Nokia Oyj equipment