Page 1751 - Economy & Policy News
India increases exposure to US govt securities by nearly $13 bn in May
After marginally rising to $157.4 billion in April, the holdings jumped to $169.9 billion in May
 "India increases exposure to US govt securities by nearly $13 bn in May")
GeM to be integrated with Railways' e-procurement system: Commerce Ministry
The Commerce Ministry launched the online platform for public procurement in August 2016 with the objective of creating an open and transparent procurement platform
 "GeM to be integrated with Railways' e-procurement system: Commerce Ministry")
FATF review of anti-money laundering, terror financing regime postponed
The FATF is a global money laundering and terrorist financing watchdog
 "FATF review of anti-money laundering, terror financing regime postponed")
Cabinet secy-led panel to select candidate for RBI deputy guv post on Aug 7
The post had fallen vacant after senior-most deputy governor N S Vishwanathan demitted office three months ahead of his extended tenure on March 31
 "Cabinet secy-led panel to select candidate for RBI deputy guv post on Aug 7")
PM Modi reviews implementation of micro-credit scheme for street vendors
The PM expressed satisfaction on the use of end-to-end IT solution through a web-portal and mobile application for administration of the scheme to ensure transparency, accountability, speed
 "PM Modi reviews implementation of micro-credit scheme for street vendors")
Railways to insert clause in procurement process to promote local vendors
During the meeting, Goyal urged to take measures to generate confidence in industry of corruption free and transparent procurement environment on Indian Railways
 "Railways to insert clause in procurement process to promote local vendors")
NGT slams Road Ministry over delay in guidelines on scrapping of vehicles
The green panel said the response of the MoRTH is very unsatisfactory and lacking in sensitivity
 "NGT slams Road Ministry over delay in guidelines on scrapping of vehicles")
RBI signs documents to extend $400 mn currency swap facility to Sri Lanka
The currency swap arrangement will remain available till November 2022, the Indian mission said in a press release
 "RBI signs documents to extend $400 mn currency swap facility to Sri Lanka")
Soon, these 10 intel agencies will have access to your PAN, bank details
The CBDT and the NATGRID will sign a Memorandum of Understanding to finalise the latest information-sharing mechanism
 "Soon, these 10 intel agencies will have access to your PAN, bank details")
After US regulator, DGCA tells airlines to inspect Boeing B737s in fleet
The US aviation regulator, FAA, had issued an emergency directive in this matter on Friday
 "After US regulator, DGCA tells airlines to inspect Boeing B737s in fleet")
India-UK summit paves way for talks on proposed free trade agreement
Decide to work together to maximise potential of digital economies
 "India-UK summit paves way for talks on proposed free trade agreement")
Explained: How OCEN is trying to keep credit disbursement challenges at bay
Network to connect lenders, loan marketplaces, borrowers on a single platform and make access to credit a matter of minutes
 "Explained: How OCEN is trying to keep credit disbursement challenges at bay")
Is Covid-19 changing course from big cities to smaller towns and villages?
Two indicators--daily growth in stock of positive cases and a derived case positivity rate--show cases are rising fast in the rural, while the virus is becoming more ubiquitous in metros
 "Is Covid-19 changing course from big cities to smaller towns and villages?")
Debt MFs vulnerable to large-investor exits: Financial Stability Report
Report says pullouts from funds could be concerted in times of stress
 "Debt MFs vulnerable to large-investor exits: Financial Stability Report")
Stressed NBFCs, HFCs seek Rs 14,000 crore under special liquidity scheme
The Reserve Bank of India (RBI) has provided funds for the scheme by subscribing to government-guaranteed special securities issued
 "Stressed NBFCs, HFCs seek Rs 14,000 crore under special liquidity scheme")
Insolvency law caused rift with govt: Former RBI governor Urjit Patel
Instead of future-proofing gains, atmosphere to go easy on the pedal ensued, says his book
 "Insolvency law caused rift with govt: Former RBI governor Urjit Patel")
Operational creditors trigger nearly half of all bankruptcy cases: RBI FSR
"Operational creditors triggered as much as 49.65 per cent of the bankruptcy petitions, followed by 43.61 per cent by financial creditors and the remaining by corporate debtors," the report said
 "Operational creditors trigger nearly half of all bankruptcy cases: RBI FSR")
Innovations can help India's biotech economy hit $100 bn by 2025: Kant
"India's biotechnology economy can approach $100 billion in 2025 if the right policies are put in place, giving industry the required stimulation," he said
 "Innovations can help India's biotech economy hit $100 bn by 2025: Kant")
Covid-19 crisis: In 2020, housing launches fell below demonetisation levels
At 42,000, new housing units launched during the period in the top seven urban clusters (NCR, MMR, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad) fell even lower than post-demonetisation period
 "Covid-19 crisis: In 2020, housing launches fell below demonetisation levels")
Suspension of construction activities may constrain housing demand: RBI
"With the suspension of construction activities across the country from mid-March, completion of under-construction projects is likely to be delayed, constraining new demand," the FSR said
 "Suspension of construction activities may constrain housing demand: RBI")