Global rating agency Moodys Investors Service on Wednesday downgraded the outlook on Indias Rs64 trillion banking sector to negative from stable, saying a slowing domestic economy and chaos in global markets could lead to more bad lo
In order to remove anxiety of inflation and slowdown in global economy, Finance Minister Pranab Mukherjee praised the Indian banking system and said the Indian banking system is strongly regulated. Finance Minister said, “The policies and
In order to remove anxiety of inflation and slowdown in global economy, Finance Minister Pranab Mukherjee praised the Indian banking system and said the Indian banking system is strongly regulated. Finance Minister said, “The policies and
CENTRAL BOARD EXCISE & CUSTOMS (CBEC) My dear brothers and sisters in the department, At the outset, let me express my greetings and best wishes to each one of you and to your family for success in all walks of life. I feel it a privilege
The UPA government, shrugging aside corruption scandals and political criticism that has paralysed parliament for the better part of this year, has lined up a slew of financial sector legislations which it expects to be passed in the forthcoming
Each era introduces new challenges to the humanity and society. Domain experts and Professionals with their skills and knowledge have become the champions of the key socio-economic transformations in today’s world.
In the week ahead of the just-concluded meetings of the Group of Twenty (G-20) nations at Cannes, two events unfolded. First, Japan intervened in the currency market to shore up the yen, taking financial markets by surprise. Second, even more unex
India’s Parliament is expected to take up a Bill for discussion in the ensuing winter session that will govern microfinance institutions (MFIs). When it becomes law, the Micro Finance Institutions (Development and Regulation) Bill will give
To attract foreign funds in infrastructure, the Reserve Bank of India (RBI) on Thursday made investment in infra debt papers easier. Foreign institutional investors (FIIs) can now sell their investments in infrastructure bonds up to $5 bi
The Reserve Bank of India (RBI) wants India Infrastructure Finance Co. Ltd (IIFCL) to focus on direct lending and restrict the refinancing business as it raises the cost of funds for end borrowers. State-owned IIFCL provides credit for infrastru
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