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Moving towards ideal fiscal deficit; need to cut public debt in 4-5 yrs: Subhash Chandra Garg

Rating agencies have raised concerns over the level of public debt and refrained from upgrading the sovereign rating of the country.

Need to cut uncompensated government mandates imposed on PSBs: Raghuram Rajan

Former RBI Governor Raghuram Rajan said, “Agriculture needs serious attention, but not through loan waivers. An all-party agreement to this effect would be in the nation’s interest.”

Consumer price inflation at 2.33%, for Mumbaikars it feels over 10%

Overall, for India as a whole, inflation expectations remained sticky.

Central banks should be independent but accountable to elected bodies: Helene Rey

Rey also made it clear that macroprudential policies should have legislative backing and public accountability

On Daiichi plea: SC puts Fortis sale to IHH Healthcare on hold

The order for maintaining status quo till further orders of the apex court means that IHH Healthcare, which had in July won the bidding war for Fortis with its Rs 4,000-crore offer, will have to wait and can’t go ahead with its open offer which was scheduled to commence from December 18.

SC orders Centre to grant NoC to RCom

Reliance Realty, a unit of RCom, has furnished redeemable preferential shares worth Rs 1,000 crore as corporate guarantee towards outstanding spectrum usage charges of Rs 2,940 crore, as sought by DoT.

‘Johnson & Johnson knew for decades about asbestos in its baby powder’

The Reuters investigation comes in the backdrop of the multiple lawsuits that the company is currently facing.

Flagging credit, liquidity issues does not infringe on RBI autonomy: Arun Jaitley

Finance Minister Arun Jaitley said the government will stick to the 3.3 per cent fiscal deficit target in the current financial year, even as he highlighted the need to improve credit flow and liquidity in the markets.

Unfavourable base: November export growth falls to 0.8%

Trade deficit eases to $16.7 billion while import growth slows to 4.3 per cent.

NCLAT dismisses Edelweiss pleas challenging Synergy resolution plan

Lenders to the debt-ridden firm had on June 24, 2017 approved Synergies Dooray’s resolution plan, with 91.06 per cent majority, submitted by a related party Synergies Castings (SCL) that provided for merger of SCL with SDAL.

China suspends tariff hikes on $126B of US goods

Donald Trump agreed earlier to suspend planned US tariff hikes due to take effect January 1 on Chinese imports while the two sides negotiate.

New RBI Governor’s first board meet: governance changes to be discussed

The meeting also reviewed the current economic situation, matters relating to liquidity and credit delivery, and issues related to currency management and financial literacy.