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Sunny Verma
Sunny Verma is a Senior Assistant Editor with The Indian Express and writes on economy and finance.
More From Sunny Verma - Page 3
Explained: What is tokenisation and why has RBI issued new guidelines?Subscriber Only
December 24, 2021 12:13 IST
In September 2021, the RBI prohibited merchants from storing customer card details on their servers with effect from January 01, 2022, and mandated the adoption of card-on-file (CoF) tokenisation as an alternative to card storage.
Fri, Dec 24, 2021
Merchants to RBI: Not prepared, extend tokenisation deadlineSubscriber Only
December 23, 2021 03:30 IST
🔴 If implemented in the present state of readiness, the new RBI mandate could cause major disruptions and loss of revenue, especially for merchants, they said in a letter to the RBI.
Thu, Dec 23, 2021
Sanjiv Mehta: ‘Unprecedented inflation in several commodities … may see tapering by mid-2022’Subscriber Only
December 22, 2021 03:26 IST
'Inflation is not just in India, it’s a global phenomenon. I believe part of the inflation is not that the demand has been so high, that it is a demand-led inflation,' said Sanjiv Mehta, FICCI President and CMD of Hindustan Unilever Limited (HUL).
Wed, Dec 22, 2021
CiC to GDP ratio remains high at 14.5% for FY21: Currency-in-circulation growth fallsSubscriber Only
December 22, 2021 03:25 IST
The growth in CiC has fallen to 7.9 per cent (Rs 2.14 lakh crore) in November 2021 as against 22.2 per cent (over Rs 5 lakh crore) growth in the same month a year ago.
Wed, Dec 22, 2021
Fuel taxes: Centre rakes in Rs 3.72 lakh crore, low basic excise duty limits states’ shareSubscriber Only
December 21, 2021 04:43 IST
In 2014-15, the states' share in the net proceeds of shareable Central taxes and duties was at 32 per cent, which now stands at 41 per cent. The Finance Ministry data also showed that the share of cesses and surcharges in gross tax collections went up more than four times over the last decade between 2011-12 and 2020-21.
Tue, Dec 21, 2021
Ahead of polls, new idea on the table: bad bank for farm loansSubscriber Only
December 06, 2021 04:17 IST
🔴 At present, there is neither a unified mechanism to tackle NPAs in the farm sector nor a single law that deals with enforcement of mortgages created on agricultural land.
Mon, Dec 06, 2021
Need global action to regulate, monitor technology, data: Nirmala SitharamanSubscriber Only
December 03, 2021 17:52 IST
The Union government intends to bring a Bill to prohibit “all private cryptocurrencies in India” with “certain exceptions”.
Sat, Dec 04, 2021
India manufacturing PMI expands sharply in NovemberSubscriber Only
December 01, 2021 12:10 IST
This signalled the strongest improvement in the health of the sector for ten months, as the headline figure was well above its long-run average of 53.6. Inflation pressures, however, are being seen as a key risk going ahead.
Thu, Dec 02, 2021
Rural wages: Kerala tops list, 15 states lag national averageSubscriber Only
December 01, 2021 04:08 IST
A rural worker (men in the non-agricultural segment) in Kerala earned an average of Rs 677.6 daily for 2020-21, taking the top position among the states, according to statistics released by the Reserve Bank of India.
Wed, Dec 01, 2021
Among poll-bound states, UP trails on poverty index, Goa bestSubscriber Only
November 30, 2021 03:44 IST
There is wide variation between rural and urban poverty in five of the seven states -- include Goa, Punjab, Himachal Pradesh, Manipur, Gujarat, Uttar Pradesh and Uttarakhand.
Tue, Nov 30, 2021
Crypto cash: Stakeholders talk about what could be the way forwardSubscriber Only
November 28, 2021 03:00 IST
🔴 The government’s plan for a Bill to act against private cryptocurrencies has reopened the debate on the fast-moving, highly volatile sector, where policy has so far failed to catch up with technology.
Sun, Nov 28, 2021
Explained: For PMC Bank depositors, restrictions on access to funds, interestSubscriber Only
November 26, 2021 04:02 IST
What is RBI's scheme for PMC Bank depositors? What are the restrictions, and what happens to other deposits?
Sat, Nov 27, 2021
National Family Health Survey-5: Jump in women using bank accounts, phonesSubscriber Only
November 26, 2021 03:27 IST
🔴 The findings, along with data on women owning a house or land, and those owning mobile phones, offer significant insights into economic and social status of women, and their role in decision-making, in Indian households.
Fri, Nov 26, 2021
Explained: How are cryptocurrencies regulated in countries around the world?Subscriber Only
November 25, 2021 04:00 IST
There is no apparent coordination among countries on the evolution of policy and regulatory response to virtual currencies. Responses range from a total ban to full acceptance — with a wide band in the middle.
Fri, Nov 26, 2021
Local, global crypto prices diverge as talks of India ban weigh on sentimentSubscriber Only
November 25, 2021 03:13 IST
The price of Bitcoin in US dollar was down 0.3 per cent at around 7 PM IST on Wednesday. However the price in rupee was down 8.9 per cent.
Thu, Nov 25, 2021
Explained: How Supreme Court verdict on real estate Act benefits homebuyersSubscriber Only
November 19, 2021 04:48 IST
Aimed at protecting homebuyers, the ruling brings a major relief for the buyers, speeds up the resolution process, and makes it difficult for state governments to dilute the intent of the law.
Tue, Nov 23, 2021
Centre works on tax framework to regulate cryptocurrenciesSubscriber Only
November 19, 2021 04:00 IST
The issue of regulatory gaps is also being discussed in meetings involving the Government and regulators such as the Reserve Bank of India (RBI), an official said.
Fri, Nov 19, 2021
Crypto map: PM’s meet calls for ‘progressive’ steps, caution over hypeSubscriber Only
November 13, 2021 21:15 IST
At the meeting, sources said, concerns were raised over what was seen as “attempts to mislead the youth through over-promising” and “non-transparent advertising.”
Sun, Nov 14, 2021
No clarity on crypto, House panel calls meetSubscriber Only
November 12, 2021 14:37 IST
An official notice informing concerned parties about this meeting has been released by the Lok Sabha Secretariat.
Sat, Nov 13, 2021
Framework finalised: G-secs to ‘soon’ join global bond indicesSubscriber Only
November 08, 2021 03:57 IST
The Finance Ministry and the Reserve Bank of India (RBI) have worked out most requirements for overseas trading and settlement of Indian bonds, a senior government official said.
Mon, Nov 08, 2021
Explained: When can PSU bank staff be probed for NPAs?Subscriber Only
November 03, 2021 01:24 IST
Govt lays down new norms for when bank staff may be investigated if a loan goes bad. How does this address staff’s fears, and how can it help the economy?
Wed, Nov 03, 2021
Explained: The case against former SBI chief Chaudhuri, and the bank’s defenceSubscriber Only
November 02, 2021 12:59 IST
According to police, the allegation against Pratip Chaudhuri was that SBI had sold properties that were worth Rs 200 crore to Alchemist ARC for only Rs 25 crore after seizing them for default on a Rs 24-crore loan.
Tue, Nov 02, 2021
Finance ministry approves 8.5% interest on PF deposits for FY 2020-21Subscriber Only
October 29, 2021 15:20 IST
The interest rate is understood to have been decided on an income of Rs 70,300 crore from sale of debt and equity investments, leaving a surplus of around Rs 300 crore with the EPFO.
Sat, Oct 30, 2021
IRCTC shares sharply recover after Govt scraps order on 50% convenience fee revenue sharingSubscriber Only
October 29, 2021 12:13 IST
IRCTC, a government-controlled company that provides ticketing, catering, and tourism services, had informed the stock exchanges after market hours on Thursday that the ministry had written to it, asking to share the revenues from convenience fee in a 50-50 ratio.
Sat, Oct 30, 2021
Explained: SWAMIH Fund exit from investment in Mumbai’s housing project and its impactSubscriber Only
October 28, 2021 22:04 IST
According to the Finance Ministry, SWAMIH has given final approval to 95 projects sanctioning more than Rs 9,500 crores which will complete over 57,700 homes.
Thu, Oct 28, 2021Journalism of Courage
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