Financial Stability Report : Reviving economy faces risks
RBI in its financial stability report said the economy is well on the recovery track, but warned against the fiscal and current account challenges.
SEBI set to open commodities to MFs
The Securities and Exchange Board of India (SEBI) is to allow mutual funds to participate in the segment while also actively considering allowing derivatives on commodity indices.
India voices concern over housing project
India has voiced concern to Sri Lankan authorities about a housing project in the island’s Tamil-majority north and east to be executed by a Chinese company citing the Resettlement Ministry’s “lack of transparency” in choosing the builder.
Infrastructure financing : A challange
Finance Minister said infrastructure development will need investments of $4.5 trillion over the next decade and the cost of the money could be a challenge.
‘Big data’ system to aid banks
The government is testing a new system that will assist banks in assessing credit risk and the probability of fraud using big data analysis.
AIIB to invest $200 mn in NIIF
The Asian Infrastructure Investment Bank (AIIB) has approved an investment of $200 million in the National Investment & Infrastructure Fund (NIIF) to give a greater momentum to mega infrastructure projects.
Delhi Metro network set to become 5th largest in world
The over 11-km Mundka-Bahadurgarh section of Delhi Metro’s Green Line connecting the capital to Haryana was inaugurated by Prime Minister Narendra Modi.
GI product stalls on Airports
Commerce Ministry is to prepare a policy to set up stalls of GI products at all the airports of the country
OPEC for increase in oil output
· The Organization of the Petroleum Exporting Countries (OPEC), meeting in Vienna, agreed to boost output from July after its de facto leader Saudi Arabia persuaded archrival Iran to cooperate in efforts to reduce the crude price and avoid a supply shortage.
Upgrade software at ATMs by June 2019 or face penalty, RBI tells banks
With banks failing to upgrade software in automated teller machines (ATM) despite repeated reminders, the Reserve Bank of India (RBI) has now directed the banks to complete the process in a phased manner latest by June 2019