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Insolvency and Bankruptcy board sets up two panels
Insolvency and Bankruptcy Board of India (IBBI), which expects to soon operationalise the Insolvency and Bankruptcy Code, 2016 has set up two high-level panels to gather inputs from experts, including on service providers and corporate liquidation. To expedite operationalisation of the ..
IBBI notifies two regulations
Insolvency and Bankruptcy Board (IBBI) of India have notified two Regulations- the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 and IBBI (Insolvency Professional Agencies) Regulations, 2016. The regulations have been notified by the IBBI in exercise ..
Coal Supplies to reach Critical Levels
The Modi government has completed a successful first 100 days. The success rests on the widely catching and an instant hit- Pradhan Mantri Jan Dhan Yojana, which will take banking to grassroots level. The step saw a tremendous response from ..
Month: Current Affairs - September, 2014
Category: India Nation & States Current Affairs
RBI elevates foreign investment limit in govt bonds
In a move targeted at preventing the continuous decline of Rupee, the Reserve Bank of India increased the limit of foreign investment in government bonds by $ 5 billion to $ 20 billion. The regulator also elevated limit of external ..
Month: Current Affairs - July, 2012
European Union to utilize Eurozone’s permanent bailout funds to help troubled banks
The EU leaders have decided to use the Eurozone’s permanent bailout funds to support struggling banks directly, without raising government debt. EU leaders also agreed that bailout funds could be utilized to stabilize financial markets, which implies buying government debts ..
Month: Current Affairs - June, 2012
RBI announces measures to revive Rupee
The Reserve Bank of India announced a number of steps, to aid revive the currency and the economy The measures include increasing limits for external commercial borrowings and government securities .The initiatives are in consultation with the government to liberalize ..
Month: Current Affairs - June, 2012
Moody’s rates India’s sovereign credit outlook stable
Global Rating Agency, Moody’s Investment Services has kept India’s sovereign credit outlook stable. As per the agency a slowdown in growth and investment is expected to be transitory. As per its report, certain recent negative trends, lower growth, sluggish investment ..
Month: Current Affairs - June, 2012
SBI violates RBI norms on RIL loans
SBI temporarily exceeded RBI-set credit exposure limit for the consecutive 4th year in 2011-12 in case of loans given to Reliance Industries Limited (RIL). It also infringed RBI’s single borrower exposure rules in case of loans to two state-run entities ..
Month: Current Affairs - June, 2012
Farmers actually pay 14% on subsidized 7% loans: NABARD Study
In the Union Budget 2006-07, the Indian Finance Minister had announced the subsidized 7% loan for farmers. A recent study by NABARD says that it actually translates into a 14% rate according to a study conducted by Nabard. However, n ..