by PTI News | Apr 20, 2022 | 10:25 am | Economy, News
United Nations, Apr 20 (PTI) With food and energy costs spiralling, especially for many developing countries in the wake of the Russia-Ukraine conflict, India has for the first time told the UN Security Council that energy security is a "serious concern” and needs to be “addressed through cooperative efforts.” India’s Deputy Permanent Representative at the [...]
by PTI News | Apr 20, 2022 | 8:24 am | Economy, News
Washington, Apr 20 (PTI) Finance Minister Nirmala Sitharaman has held talks with Financial Stability Board Chair Klass Knot and Vice of the Climate Finance Leadership Initiative (CFLI) Mary Schapiro here and exchanged views on dimensions of risk in crypto eco-system and development of GIFT City, India's first operational smart city. Sitharaman, who arrived in Washington [...]
by PTI News | Apr 19, 2022 | 10:23 pm | Economy, News
Mumbai, Apr 19 (PTI) The Reserve Bank of India on Tuesday allowed Rural Cooperative Banks (RCBs) to raise funds from people in their area of operation or existing shareholders through a variety of instruments. RCBs, which include state co-operative banks and district central co-operative banks, can raise funds from preference shares and debt instruments, RBI [...]
by PTI News | Apr 19, 2022 | 10:13 pm | Economy, News
Mumbai, Apr 19 (PTI) The Reserve Bank on Tuesday said the limits for investment in government securities (g-secs), state development loans and corporate bonds will remain unchanged at 6 per cent, 2 per cent and 15 per cent, respectively, of outstanding stocks of securities for the current financial year.As of now, all investments by eligible [...]
by PTI News | Apr 19, 2022 | 9:56 pm | Economy, News
Washington, Apr 19 (PTI) Finance Minister Nirmala Sitharaman on Tuesday discussed a range of issues, including the current geopolitical situation and its economic impact, with IMF chief Kristalina Georgieva, and highlighted the Indian government's commitment to support growth through capital expenditure. During the meeting with Georgieva on the sidelines of the ongoing annual spring meetings [...]
by PTI News | Apr 19, 2022 | 9:45 pm | Economy, News
Kolkata, April 19 (PTI) Bangladesh Commerce Minister Tipu Munshi met West Bengal Chief Minister Mamata Banerjee on Tuesday and discussed issues of common interest in the area of trade and investment and stressed the need for improving infrastructure at the border for trade facilitation, a statement said. The meeting took place on the eve of [...]
by PTI News | Apr 19, 2022 | 9:19 pm | Economy, News
Colombo, Apr 19 (PTI) Sri Lanka's embattled Prime Minister Mahinda Rajapaksa on Tuesday proposed to restore the 19th Amendment to the Constitution to curb the powers of his younger brother Gotabaya Rajapaksa and empower Parliament, as protests intensified against the government over its handling of the country's debt-ridden economy. Sri Lanka is grappling with unprecedented [...]
by PTI News | Apr 19, 2022 | 8:34 pm | Economy, News
Kolkata, Apr 19 (PTI) TMC Rajya Sabha MP Jawhar Sircar Tuesday said West Bengal’s ruling party “strongly feels” that the BJP-led central government was “fuelling” inflation, instead of controlling it, due to its handling of the economic impact of the Russia-Ukraine crisis. He said the TMC also took exception to the Centre’s economic policies that [...]
by PTI News | Apr 19, 2022 | 8:05 pm | Economy, News
Washington, Apr 19 (PTI) The International Monetary Fund on Tuesday projected a "fairly robust" growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world, almost twice faster than China's 4.4 per cent.The global growth has been projected at 3.6 per cent in 2022, down from 6.1 per [...]
by PTI News | Apr 19, 2022 | 7:55 pm | Economy, News
Kathmandu, Apr 19 (PTI) Nepal's Supreme Court on Tuesday stayed the government’s decision to suspend Central Bank Governor Maha Prasad Adhikari, amidst reports that the move was triggered due to his differences with Finance Minister Janardhan Sharma. A single bench of Justice Hari Prasad Phuyal issued a short-term interim order urging the government not to [...]
