Corruption main challenge for start-ups: study
According to a report by citizens’ engagement forum Local Circles, a large number of start-ups, small and medium enterprises view corruption and bureaucratic inefficiencies, securing loans as major challenges in 2019.
Manufacturing PMI slows down in December
Manufacturing Purchasing Managers’ Index (PMI) slowed down a bit to 53.2 in December as against 54 in November.
Bank of Baroda’s merger approved by Cabinet
The Cabinet approved amalgamation of Dena Bank and Vijaya Bank with Bank of Baroda paving the way for the first ever-three way merger of public sector lenders.
Indian economy on track: Finance Ministry
The finance ministry said Indian economy is projected to be the fastest-growing major economy in the current and upcoming fiscal 2019-20.
Restructuring of MSME loans
The Reserve Bank of India (RBI) allowed lenders to recast loans of stressed micro, small and medium enterprises (MSME).
Project ‘Trinitea’
A MoU was signed between the Indian Tea Association (ITA) the apex body of North Indian tea producers and Solidaridad for jointly implementing project trinitea.
RBI reserves ratio among the highest
As per a report by consultancy firm Quantum Advisors, the RBI’s reserves as a percentage of its balance sheet is among the highest.
Robust GDP growth to continue: CII
According to the Confederation of Indian Industry (CII), India is expected to witness strong economic growth in 2019.
RBI’s annual report on Banking
The Reserve Bank of India (RBI) released its annual ‘Trends and Progress of Banking in 2017-18’ report on 28 December(Friday).
Centre tightens selling norms for e-commerce firms
The Ministry of Commerce and Industry said e-commerce companies would be barred from selling products sourced from firms in which they have stake in or control over.