Forex Reserves
According to the latest RBI data, India’s foreign exchange reserves surged by $1.620 billion to $430.572 billion on rise in foreign currency assets.
National Essential Diagnostics List (NEDL)
India’s first National Essential Diagnostics List (NEDL) has been finalised by the Indian Council of Medical Research (ICMR).
Pension scheme for small traders yet to kick off
The Centre’s pension scheme for small traders, is yet to start, according to Union Labour and Employment Ministry officials.
Plastics industry seeks export benefits for MSMEs
The plastic manufacturers have called for export promotion schemes for Micro, Small, Medium Enterprises (MSMEs) in the sector.
Prices of knee implants
The National Pharmaceutical Pricing Authority (NPPA) has decided to allow knee implant companies to increase the maximum retail prices (MRP) of their products by not more than 10% this year.
Home buyers as Financial Creditors
The Supreme Court upheld the validity of an amendment to the Insolvency and Bankruptcy Code (IBC),giving homebuyers the right to take legal recourse against developers under three key laws.
Lending rate and Repo rate to be linked
Several public-sector banks volunteered to link their lending rates to the repo rate to facilitate quicker transmission.
Repo rate cut
The Reserve Bank of India reduced the key policy rate, the repo rate, by 35 basis points (bps) to 5.4%.
Lending to NBFCs
The Reserve Bank of India (RBI) to take several measures to increase credit flow to the NBFC sector.
National Investment and Infrastructure Fund (NIIF)
Australia’s largest superannuation fund AustralianSuper and Canada’s Ontario Teachers’ Pension Plan have each signed agreements to invest up to $1 billion with the NIIF Master Fund.