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RBI: Why a ‘joint family’ story from the past is creating a buzz today

This story of a “joint family approach”, being shared in a small circle of past directors of the RBI Central Board, holds much relevance in the context of the current debate on the optimal level of reserves the Reserve Bank must hold. 

New capacity edition for Nov-Feb: Govt asks Solar Energy Corp to bring tenders of 4000 MW

The proposal that SECI may bring tenders of 1000 MW each in the months from November to February has come with an assumption that code of conduct for the next general election will be enforced in March 2019.

Legislation in US Congress to protect work authorisation of H1B spouses

The H-1B visa is a non-immigrant visa through which many Indians workers are employed in US companies. It allows the US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.

At WTO, India under increasing trade fire

Australia’s challenge on cane subsidy after US filing on cotton support; India had lost steel duty case to Japan

Fitch keeps India rating unchanged

After Moody’s Investors Service gave the country its first sovereign rating upgrade since 2004 in November 2017, the government has been making a strong pitch to Fitch Ratings for an upgrade. Standard & Poor’s has maintained ‘BBB-’ rating on India since 2007.

Odisha seeks to become defence, aerospace manufacturing hub

The state government is keen to produce indigenously designed, developed and manufactured defence equipment for the country, which often involves high import costs, restrictions on niche technology, strict procedural requirements, permissions from multiple agencies and rapid obsolescence.

Electric vehicle infra policy soon; individual can set up charging station for commercial use: R K Singh

EV charging infrastructure is required to boost EVs in the country. India intends to have a sizeable share of EVs in the vehicle strength by 2030, which is in line with its commitment to reduce emission intensity by one third from the level of 2005.

RBI is seat belt if govt is driver; autonomy must be respected, says Raghuram Rajan

The disagreements between RBI and the government came out in open when RBI Deputy Governor Viral Acharya in a hard-hitting speech said failure to defend central bank’s independence would “incur the wrath of the financial markets”.

World Bank business report: India ranks 80 from 190 countries in ‘Trading Across Borders’

In other rankings, India stood at 52 in giving construction permits, at 137 for starting a business and 163 for enforcing contracts.

Dhanteras 2018: Gold, silver sales remain subdued amid rise in prices

In Delhi, gold of 99.9 per cent and 99.5 per cent purity traded higher by Rs 40 each to Rs 32,690 and Rs 32,540 per 10 gram respectively. It had gained Rs 20 on Saturday.

At conference on financial inclusion: Data privacy must, but not at cost of innovation, says Ravi Shankar Prasad

Biometric data on Aadhaar is kept in safe and secure conditions in an encrypted form, and so strong that even for a billionth of a second it cannot be breached, Prasad said

Complete audits of District Mineral Foundations by the end of 2018: Centre to state govts

Goa, Bihar, Kerala, Meghalaya, Tamil Nadu pulled up for ‘very low’ fund spending


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