MSMEs, traders witness loss of 35 lakh jobs: survey
The TMSME segment (Traders, Micro, Small and Medium Enterprises) has seen job losses of 35 lakh in the last four-and-half years, according to a survey by the All India Manufacturers’ Organisation (AIMO).
Bank mergers are not beneficial: Employee Association
The All India Bank Employees Association (AIBEA) has opposed the Centre’s decision to merge Bank of Baroda(BoB), Vijaya Bank and Dena Bank.
RBI Board Meet
The central board meeting that held on 14th December has decided to further examine the governance framework of the central bank.
Fintech companies seek clarity on using Aadhaar for eKYC
Fintech companies have asked the government to issue a clarification on Aadhar eKYC.
India, China to promote tea globally
The Indian Tea Association (ITA) and China Tea Marketing Association (CTMA), have signed a MoU to promote green and black tea consumption.
IIP rises to 8.1%
According to official data released, Industrial production activity rose at almost a one-year high in October.
Segregation of bad assets by Mutual Funds
The Securities and Exchange Board of India (SEBI) allowed mutual funds to create segregated portfolios or ‘side-pocket’ facility based on credit events with respect to debt and money market instruments.
SC bars disclosure of identity of rape victims
The Supreme Court directed that names and identities of victims of rape and sexual assault should not be disclosed or revealed even in remote manner.
Norms for payment apps
The Ministry of Electronics and Information Technology (MeitY) has proposed that RBI come up with regulations to oversee collection, usage and sharing of data by payment service providers.
Current account deficit widens to 2.9% in Q2
As per new Reserve Bank of India data, current account deficit (CAD) widened to 2.9% of GDP for the July-September quarter due to higher trade deficit.