What did the panel recommend, and why is the regulator keen to amend the KYC norms? The committee has recommended changes in the norms pertaining to the identification of senior managing officials of FPIs, and for beneficial owners of listed entities. The Securities and Exchange Board of India (Sebi) said this week that its board … Continued
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On raising money from NRIs to boost currency What are NRI bonds? These are bonds issued by the Reserve Bank of India to non-resident Indians who are interested in investing their money in India. Since these bonds offer higher returns than other similar investments, they can be used as a tool to attract capital during … Continued
Migration has been a way of life in Kerala for decades and also a major global supplier of manpower. Migratory tendencies have been inherent in the context of Kerala, shaping the economic, demographic, social and political spheres of life. The economic boom within the Gulf countries gave migration a considerable boost, reaching its peak in … Continued
It has been more than 27 years since a committee headed by Reserve Bank of India (RBI) Governor M Narasimham first made out a case for pruning the number of government or state-owned banks. That committee, which was appointed in 1991 by Manmohan Singh who was then Finance Minister, had recommended a restructuring of Indian … Continued
The government decided to withdraw withholding tax on Masala bonds in a series of steps to contain rupee fall. The Indian currency has fallen over 13% since the beginning of this year as investors remain concerned over sustained foreign capital outflows and widening current account deficit in the wake of soaring crude oil prices. What … Continued
The rupee, which is currently the worst-performing currency in Asia, is finally receiving some help from the authorities. The Union government, after a meeting with Reserve Bank of India Governor Urjit Patel, announced a list of measures to arrest the sharp decline in the currency, which has lost about 12% of its value since the … Continued
The government announced a set of five measures aimed at supporting the rupee, which has been under pressure in the last few weeks. Steps taken by government to stabilize rupee The government also plans to take necessary steps to cut down non-essential imports and increase exports. To attract more foreign portfolio investors (FPI) into the … Continued
What is it? With the summer (kharif) sowing picking up across the country on account of improved distribution of monsoon rain during the last fortnight of August, another bumper harvest is expected this season, if weather conditions continue to be conducive. While the increase in crop acreage has eased the fear of a fall in … Continued
About DIDF Shri Singh said that as a result of the announcement of Union Budget 2017-18, the Department of Animal Husbandry, Dairying and Fisheries (DADF) started the Dairy Processing & Infrastructure Development Fund (DIDF) with an outlay of Rs 10881 crore. Under this, the first installment of Rs 440 crore is being given to the … Continued
In the years just before the collapse of Lehman Brothers and the global crisis, India saw a boom. The strong growth of 2006-08 triggered an ‘irrational exuberance’, in which lay the seeds of many of today’s NPAs. India choked when the Lehman Brothers collapse struck the US on September 15, 2008, and triggered a global … Continued