Telecom panel okays National Trust Centre
The Telecom Commission said a new National Trust Centre would be created for certifying devices and applications for machine-to-machine communication.
RBI flags risk of higher inflation
The Reserve Bank of India (RBI) on 29 Aug. reiterated concerns over rising inflationary pressures this fiscal year due to global and domestic pressures.
Over 99% of demonetised notes were returned: RBI
Over 21 months after Rs 500 and Rs 1,000 notes were withdrawn from circulation on November 8, 2016, the Reserve Bank of India (RBI) said that nearly all of that money has returned to the banking system.
Bad loans to rise in current fiscal: RBI
The Reserve Bank of India in its annual report, said banks will witness further deterioration in their non-performing assets (NPAs) due to the “economic situation prevailing” in the current financial year.
India remains top destination for FDI
According the RBI annual report, India remains a preferred destination for foreign direct investment (FDI) as domestic consumption remains strong.
E-commerce : No plans to allow FDI in inventory model
As per the official statement from DIPP, the government is not planning to ease rules to allow foreign direct investment (FDI) in business to consumer (B2C) e-commerce players holding the inventory of various goods, even if such products are locally-made.
India to grow at 7.5% in 2018, 2019: Moody’s
The Global credit rating agency Moody’s Investors Service expects the Indian economy to grow by around 7.5 per cent in 2018 and 2019.
Flood damage may slash India’s coffee output by 20%
According to the Industrial officials, India’s coffee production in 2018-19 is likely to fall by at least one-fifth from a year earlier as floods in key producing states damaged the crop and delayed exports.
Banks losing share to NBFCs in MSME credit
As per the research analysts of the Reserve Bank of India,the share of credit provided by banks to micro, small and medium enterprises (MSMEs) has declined since September 2016.
Rupee hits new all-time low of 70.32
The Indian rupee on Thursday plunged to a fresh record low of 70.40 a dollar after the country’s trade deficit widened to a five-year high as petroleum imports surged.