COMMITTEE OF ADMINISTRATORS
For DHFL, RBI appoints EY administrator advisor and AZB legal advisor
DHFL is in the process of finding a resolution after a recent proposal of lenders was rejected by the RBI. ET was first to report on October 19 that the RBI had rejected a proposal by banks that would have allowed them provisioning relief to the tune of Rs 6,000 crore on borrowings by DHFL. Most banks will have to now take this into account for the December quarter.
Administrative, financial approval given for 12 new nuclear reactors for power generation: Government
During the Question Hour in the Rajya S...
Railways needs to rationalise expenses, increase internal revenue for reasonable operating ratio: Standing Committee
The Committee expressed ...
Food or drug? Government to take a call soon
Regulatory framework may be tweaked; move aims to determine the category of a product. Given the confusing proliferation of products, the government is looking to arrive at an answer by changing the regulatory framework. Most companies prefer to position their products as health supplements under the FSSA to avoid the more onerous D&C Act regime.
Government introduces data protection bill in Lok Sabha, to send it to joint select committee
As opposition parties such as the Congress and the TMC attacked the government in the Lok Sabha for a growing "snooping industry" under its watch and alleged that the bill violated the Constitution, Electronics and IT Minister Ravi Shankar Prasad refuted the charge and said a parliamentary panel could examine it in the most detailed manner.
Govt proposes to send Personal Data Protection Bill to joint select committee of both Houses of Parliament
Even before the bill was introduced in the Lok Sabha, Union minister Ravi Shankar Prasad said the government will bring a resolution in the House to refer it to a joint select committee of the Lok Sabha and the Rajya Sabha. He said the proposed committee could bring out a report before the Budget session, which usually begins in the last week of January.
IIP-CPI mix shows India entering 'stagflationary' phase: Analysts
Core inflation, which excludes items like food and fuel, has been on a downward trajectory.
Wall Street gains modestly after Fed signals rates to hold steady for some time
The U.S. central bank said moderate economic growth and low unemployment are expected to continue through next year's presidential election.
200 recommendations of Swaminathan report accepted by govt: Agri minister
One of the recommendations of commission was that MSP should be at least 50 per cent more than the weighted average cost of production. This recommendation was not incorporated in the National Policy for Farmers, 2007. Agriculture Minister Narendra Singh Tomar said MSP has been increased for 22 crops.
FAA chief says Boeing 737 MAX won't be cleared to resume flying in 2019
Federal officials told Reuters earlier this week the FAA is not expected to authorize the plane to fly until January at the earliest, citing significant work still to be done. Some U.S. officials think it may not be until at least February that Dickson gives the green light.
10-year yield surges 5 bps to close at 12-week high
Traders, partly spooked by global rating agency S&P’s warning over a possible downgrade of India’s sovereign rating, continued their selling spree.
Ethiopian PM Abiy Ahmed collects Nobel Peace Prize, urges people to unite against ethnic violence
Abiy won the Nobel for his efforts to resolve the long-running conflict with Eritrea.
Benchmark yield hits 12-week high on S&P's downgrade warning
Benchmark bond yield gained five basis points to close at 6.76 per cent on Wednesday.
ET Explains: What's making the pass-through of RBI's policy decisions sticky
The issue of lack of monetary transmission hasn't cropped up suddenly and is something that has been a matter of concern for the RBI in ensuring the pass-through of its policy decisions. The matter snowballed in the last few months after the RBI observed that the effects of its rate cuts are not being felt in terms of interest rates coming down.
Reserve Bank of India February rate cut on a knife's edge: Poll
But the central bank acknowledged there was room for further cuts.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service