The base effect is aimed at the production of India's eight major industries skyrocketing in April 2021. The output of the Index of Eight Core Industries increased by over 56 percent last month, compared to a (-) 37.9 percent drop in the same...
.jpg "Banks can't cite 2018 RBI circular to caution clients on the virtual currencies")
The Reserve Bank of India (RBI) on Monday said that the banks and other regulated entities cannot cite its April 2018 order on its virtual currencies (VCs) as it was set aside by the Supreme Court last year. “In view of the order of the...
Chief Economic Adviser KV Subramanian on Monday said the impact of the second Covid-19 wave that it is not likely to be large on the economy but going forward, fiscal and monetary support will be needed to prop up growth. He, however, said it...
Prior to the second wave of the Covid-19 pandemic hit the country, India’s gross domestic product (GDP) grew 1.6 per cent in the fourth quarter (January-March) of 2020-21. This comes on top of a 0.5 per cent growth in the previous...
Even government agencies like the Employees Provident Fund Organisation (EPFO) cannot revise their claims once a resolution plan for a debt-laden corporate entity is authorized, states the Chennai Bench of the National Company Law Appellate...
The CSC E-Governance India Ltd (CSC SPV) has recently announced the launch of an e-marketplace or portal for agri services, mainly to help small farmers. The CSC SPV is a special purpose vehicle under the Ministry of Electronics & IT provides...
Center on Saturday stated that it has allowed permission of "No-Permission-No-Takeoff" (NPNT) compliant drone operations at 166 additional green zones. Therefore, the approved sites permit drone usage up to 400 ft Above...
Despite COVID-19 restrictions in several states, Coal India maintained its output and despatch momentum in May, the second month of the current fiscal, an official said. The mining major is likely to report dry fuel production of around 41.7...
.jpg "RBI's new norms to help enhance audit quality, transparency, and add value, states Experts")
The Reserve Bank's new norms for auditors will help enhance the overall audit quality as well as the transparency, apart from adding to the value to the businesses rather than wasting resources, according to various auditing experts amid...
The Reserve Bank of India’s (RBI’s) monetary policy committee is being expected to keep interest rates on hold in its upcoming review meeting on Friday amid fears of inflation adding to the impact of the second wave of Covid...
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