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NEW DELHI: The government is expected to take up the issue of penal charges levied by banks for non-maintenance of minimum balance with the Reserve Bank of India, as these yielded Rs 21,000 for state-run and private lenders over the last five years.While a government official insisted that state-run banks such as SBI do not
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NEW DELHI: The government is initiating fresh measures to ensure that rice prices remain under control and overall inflation comes down.On Friday, the Centre imposed 20% export duty on parboiled rice (rice partially boiled with husk), barely a week after imposing 40% duty on exports of onion. Besides, it is expected to notify a minimum
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Ravindra N Kondekar Ravindra Kondekar, an alumnus of IIT Bombay, spent more than 27 years working in the Indian technology industry. He has worked in software development for the Department of Space and for many multinational corporations. He is also the inventor of 4 Patents granted by USPTO. Today, he works as a productivity
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MUMBAI: India has imposed a 20% duty on exports of parboiled rice with immediate effect, a move that could further reduce shipments from the world’s largest exporter and lift global rice prices, which are already trading near their highest levels in 12 years.Last month, India surprised buyers by imposing a ban on exports of widely
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NEW DELHI: In a bid to create parking slots for VVIP aircraft expected at Delhi airport for the G20 Leaders’ Summit, scheduled airlines may have to cut their flights in and out of Delhi by about 25% from September 8-11, reports Saurabh Sinha. The capacity restrictions, say sources, could see about 1,000 flights being reduced
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Indian Oil on Friday laid out a Rs 4 lakh crore roadmap for becoming a ‘360-degree’ energy company by pushing energy transition projects along with expansion of refining and petrochemicals capacities.“As India’s energy custodians, your company has crafted a clear roadmap to drive India’s energy destiny. To fuel the rising energy demand of an ascendant
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The international financial architecture is heavily weighed against the Global South currently, India’s G20 Sherpa Amitabh Kant said on Friday, adding that the multilateral financial institutions should step up funding to the Global South as it has the potential to fuel global growth in the coming decades. The Global South refers to countries that are
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The RBI has asked major non-banking finance companies to look beyond banks for loans and flagged rising unsecured retail credit. In a meeting with CEOs of large NBFCs and housing finance companies, RBI governor Shaktikanta Das commended the improved financial health of NBFCs and their operational resilience in recent years. However, he stressed the need
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Trade ministers from G20 nations agreed to a ‘Jaipur Call for Action’ to boost information flow to small businesses to increase their participation, while seeking to build a ‘generic framework’ for mapping global value chains, cautioning against concentration of suppliers and markets.In addition, 10 high level principles on digitisation of trade documents were also agreed
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NEW DELHI: Market regulator Sebi on Friday filed final status report in the Supreme Court on 24 investigations it had carried out pursuant to short-seller Hindenburg’s report that led to meltdown of shares of Adani group companies and said 13 of these probes related to the group’s alleged failure to disclose related party transactions.Sebi informed
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