RBI Proposes Stricter Norms For Digital Wallets…
2012-01-26
RBI Proposes Stricter Norms For Digital Wallets…Continue Reading
FISME Joins NITI Aayog Panel To Bridge Education, Jobs And Entrepreneurship Gap
2012-01-26
New Delhi, Apr 24 (KNN) The Federation of Indian Micro and Small & Medium Enterprises (FISME) has been nominated to a high-powered standing committee constituted by NITI Aayog to strengthen the link between education, employment and entrepreneurship. The ‘Education-to-Employment and Enterprise (EEE) Standing Committee’ will focus on unlocking the potentialContinue Reading
Rupee Undervaluation Presents Opportunity For Investors: CEA
2012-01-26
New Delhi, Apr 24 (KNN) India’s rupee is “fundamentally undervalued,” Chief Economic Adviser (CEA) V Anantha Nageswaran said, noting that current levels offer an attractive entry point for long-term investors. “For long-term investors, the rupee’s current valuation provides an attractive entry point,” Nageswaran said, Bloomberg reported citing an interview Thursday.Continue Reading
RBI Expands Credit Derivatives Market, Introduces TRS And Credit Index Products
2012-01-26
New Delhi, Jun 27 (KNN) The Reserve Bank of India (RBI) on Thursday issued the Master Direction — Reserve Bank of India (Credit Derivatives) Directions, 2026, expanding the country’s credit derivatives market beyond single-name credit default swaps (CDS) to include total return swaps (TRS) on corporate bonds, exchange-traded CDS onContinue Reading
KOSME Partners With MIDC To Support Korean SMEs’ Entry Into India
2012-01-26
New Delhi, Apr 24 (KNN) The Korea SMEs and Startups Agency (KOSME), through its Global Business Center (GBC) in New Delhi, has signed a Memorandum of Understanding (MoU) with the Maharashtra Industrial Development Corporation (MIDC) to support the entry and expansion of Korean small and medium enterprises (SMEs) in India.Continue Reading
RBI Cancels Paytm Payments Bank Licence With Immediate Effect
2012-01-26
New Delhi, Apr 25 (KNN) The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank Limited with effect from April 24, 2026, under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’), citing serious regulatory and governance concerns. The action bars the bank fromContinue Reading
Predictable Policy Support Key To Sustaining Consumption-Led Growth: FM Sitharaman
2012-01-26
New Delhi, Apr 25 (KNN) Domestic consumption continues to drive India’s economic growth, but sustained momentum will require predictable policy support, Union Finance Minister Nirmala Sitharaman said on Friday. Speaking at an event organised by the State Bank of India (SBI) in Pune, she emphasised that a committee of bankersContinue Reading