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In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults. All regulated … Read More
Urban consumers continued to face slightly higher inflation at 4.27% than their rural counterparts (4.17%) | The Hindu
Reserve Bank Deputy Governor MD Patra has pitched for a multi-pronged policy response to reignite and sustain productivity and growth at a time when multiple factors which can influence the … Read More
Mr. Patra noted that investing in Information and Communication Technology (ICT) infrastructure and securing reduction in trade costs could help to engage the private sector’s participation | The Hindu
Equity benchmark indices climbed in early trade on Monday after falling in the past two trading sessions amid optimism in the US markets and buying in IT counters. The 30-share … Read More
Foreign Direct Investment (FDI) from the UAE to India jumped over three-fold to $3.35 billion from $1.03 billion in 2021-22 | The Hindu
Air India has strengthened the flight connectivity between Mangaluru and Mumbai by introducing a second daily flight from June 10. The development closely follows IndiGo’s addition of a third daily … Read More
Air India’s Boeing aircraft that was grounded in Magadan in far east Russia landed in Mumbai on Saturday evening. The plane had taken off from Magadan earlier in the day … Read More
RBI Governor Shaktikanta Das announced at the end of the monetary policy committee (MPC) meeting on Thursday that the GDP growth forecast for 2023-24 has been pegged at 6.5% | … Read More