Page 2706 - Economy & Policy News

Latest RBI diktat means your bank will no longer allow you to buy bitcoins

RBI said it has repeatedly cautioned users, holders and traders of VCs, including bitcoins regarding various risks associated

Trai moots public Wi-Fi access grid, submits report to telecom ministry

There would be a central registry to authenticate the service provider and service seekers

RBI monetary policy review: Repo rate kept unchanged at 6%; highlights

Reserve Bank of India has maintained the status-quo on the key short-term borrowing rate (repo) in its last three policy meets

NHAI starts Rs 250 bn MTN programme on India INX's Global Securities Market

A provision to raise Rs 593 billion for NHAI was made in the Union Budget 2017-18

BJP-led NDA MPs to forego salaries to protest disruption of Budget session

The opposition has been accusing the government of a 'fixed match' in disrupting Parliament

Private players face glitches in Aadhaar authentication and e-KYC

Aadhaar Authentication User Agencies and their sub-bodies are basically companies which have a direct connection to the UIDAI servers

Cabinet approves reducing strength of CCI members to 3 for speedy approvals

Experts said the move would not result in any adverse impact on the CCI

LoU ban to hit small & medium importers with higher funding costs: Report

The Reserve Bank of India on March 14 issued the order in the wake of fraudulent LoUs issued by a public sector bank

Farmer support: Centre looking to spend Rs 200-250 bn on MSP procurement

Decision likely soon, states will be free to adopt one or more of the models suggested

Remittances by overseas Indians dropped by $8.5 billion: Govt

The figure dropped to $65.59 billion in 2015-16 and further to $61.29 billion in 2016-17

RBI enjoys equal regulatory power over both private and public banks: Govt

RBI tells government no 'systematic irregularity' in banking system; PNB fraud due to failure of bank's three layers of defence

Govt clarifies not all insolvency rebids may be prospective cases

If these are similar to earlier ones, these would be taken as retrospective cases

Ind-Ra revises up growth forecast to 7.4% for FY19 on strong agri growth

Agriculture, industry to boost growth

Small saving schemes account for 20.9% of government borrowing in FY18

Centre took Rs 1,002 bn from here in 2017-18, sharply up from Rs 904 bn a year before and Rs 123.6 bn in FY14

PNB misled RBI on SWIFT integration: Central Bank to Finance Ministry

The RBI sent out the advisories detailing what banks should do to prevent a Bangladesh Bank-heist like incident

Aadhaar linking, DBT scheme helped govt save Rs 830 billion: Niti CEO Kant

Centre linked 437 scheme under DBT, knocked off 27 million fake ration cards

Aadhaar scheme approved by experts, not open to judicial review: Govt to SC

On the issue of 16-digit virtual Aadhaar ID, Venugopal said that it is an excellent safety measure

Union Cabinet approves amendments to Protection of Human Rights Bill

It also aims at to incorporate a mechanism to look after the cases of human rights violation in the union territories

CCI to have 1 chairperson, 3 members after Cabinet approves rightsizing

This would lead to "faster turnaround in hearings" that is expected to result in speedier approvals

Govt sets up grievance redress mechanism for tech glitches on GST portal

The relief could be in the nature of allowing filing of any form or return, or amending any form or return already filed