Author name: BNW News

Budget 2025

What is Economic Survey before the Budget and why does it matter?

In addition to data-driven assessments, the survey often provides policy recommendations aimed at improving economic efficiency and fostering growth. Over the years, it has adopted thematic approaches, focusing on topics such as behavioral economics, digital transformation, or climate resilience to frame discussions on policy and reform.

Banking

RBI Files Insolvency Petition Against Aviom India Housing Finance

Following the filing of the application, an interim moratorium has come into effect as per the provisions of the IBC. This prevents the institution or continuation of legal proceedings against the company, prohibits the transfer or disposal of assets, and restricts enforcement of security interests until the tribunal either admits or rejects the petition. However, the supply of essential goods and services to the company will remain uninterrupted during this period.

Banking, Budget 2025

AIBEA urges Government to strengthen PSBs ahead of Budget 2025

AIBEA reiterated its opposition to the privatization of public sector banks, particularly calling for the government to retain a minimum 51% stake in IDBI Bank. The letter also urged Bank of Baroda to merge its subsidiary, Nainital Bank, rather than selling it. Additionally, the association raised concerns about aggressive cross-selling of insurance products by banks, calling for a renewed focus on core banking services.

Banking

RBI Announces Liquidity Management Measures

The central bank will conduct Open Market Operations (OMO) through the purchase of Government of India securities amounting to ₹60,000 crore. These will be carried out in three tranches of ₹20,000 crore each on January 30, February 13, and February 20, 2025.

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