In order to ensure stable and orderly evolution of the yield curve amidst comfortable liquidity conditions, the Reserve Bank of India on Wednesday decided to put in place a quantitative easing program, pledging to buy up to Rs 1 lakh crore of bonds in the April-June quarter to keep borrowing costs low and support the […]
In a liquidity boost to all-India financial institutions such as NABARD and National Housing Bank (NHB), the Reserve Bank of India (RBI) has announced liquidity support of Rs 50,000 crore to such institutions for fresh lending in the current financial year. “In consonance with the policy objective of nurturing the still nascent growth impulses, it […]
The key Indian equity indices traded in the green on Wednesday morning ahead of the Reserve Bank of India’s monetary policy announcement. At 10 a.m., the central bank is scheduled to make the announcement and the monetary policy committee (MPC) is expected to maintain the key lending rates due to inflationary pressure along with high […]
The US Trade Representative (USTR) in its latest report on Foreign Trade Barriers released on March 31 has highlighted major trade barriers to American exports, FDI, and e-commerce. This report has been issued by Joe Biden Administration’s newly appointed USTR, Katherine Tai who replaced Ambassador Robert Lighthizer after Donald Trump lost the election last year. […]
Airline major IndiGo on Friday said that it has partnered with on-demand platform CarterPorter to provide door-to-door baggage delivery service. The airline has commenced the service from April 1, in New Delhi and Hyderabad, and will subsequently launch it in Mumbai and Bengaluru for delivery to and from home and airport. The airline said the […]
The Ministry of Corporate Affairs (MCA) registered more than 1.55 lakh company incorporations in FY 2020-21. The registration of companies increased 27 percent compared to 1.22 lakh companies in FY 2019-20, said an official statement. Similarly, 42,186 limited liability partnerships (LLPs) got incorporated in the last fiscal as against 36,176 in the previous fiscal, an […]
There has been a 200 percent increase in the time spent on mobile lock screens in the past year while an average user spends at least 25 minutes to consume content on Glance every day, a report said on Thursday. Glance is the world’s first ‘screen zero’ platform that uses lock screens of devices, especially […]
SpiceJet has introduced a ‘zero change fee’ offer under which passengers can modify dates or names on the ticket, at least seven days prior to the date of departure, without any charges. This offer will be applicable to all bookings done between March 27 and April 4 for travel period between March 27 and June […]
Parliament on Thursday passed a bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in the country, with Finance Minister Nirmala Sitharaman asserting that its audited accounts will be placed before both the Houses every year and they will have “oversight” of the institution. Rajya Sabha passed […]
West Bengal emerged as the topper in spending for political advertisements on Facebook this year, according to data available with the social media platform. Besides West Bengal, assembly elections will be held in three other states Assam, Kerala, and Tamil Nadu, and in the union territory of Puducherry. The Facebook ad spend of the Trinamool […]
Underlining the need for innovation in the financial sector for effective service delivery, RBI Governor Shaktikanta Das on Thursday called for effective regulation that should help innovation in the fintech space and not suffocate it. Effective regulation is a priority for the Reserve Bank, and regulation should not constrain innovation in the fintech space, the […]
