Overall, poverty levels now stand in the range of 4-4.5%. The sharp decline in rural poverty ratio is on account of higher consumption growth in lowest 0-5% decile with significant Government support, the survey said.
VFS Capital Ltd seeks small finance bank permit
VFS Capital, previously known as Village Financial Services Private and headquartered in West Bengal, was incorporated in 1994 as a non-deposit taking non-banking financial company-microfinance institution (NBFC-MFI).
Former PM Manmohan Singh cremated with full state honour
Manmohan Singh ia credited with kicking off the reforms era in Indian economy back in 1991
Ex-PM Manmohan Singh, architect of India’s economic reforms, dies at 92
NEW DELHI: Former prime minister Manmohan Singh, the architect of India’s economic reforms, died here on Thursday night. He was 92.Singh’s death was announced by the All India Institute of Medical Sciences,…
J&K Bank appoints Amitava Chatterjee as its new MD
Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29.
MPC minutes show demarcation in views, says Emkay Economist
The December MPC meeting minutes showed a clear demarcation in views between the internal and (most of) the external members. Dr Kumar and Professor Singh, while calling for a repo rate cut, spoke of the lack of impact of monetary policy on supply-shock led food inflation, while mentioning its effect on consumption and investment demand.
Full text: Minutes of the Monetary Policy Committee Meeting
The fifty second meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during December 4 to 6, 2024.
RBI imposes penalty on IndusInd, Manappuram Finance
In the case of IndusInd Bank, the RBI said the Rs 27.30 lakh penalty is imposed for non-compliance with certain provisions of ‘Reserve Bank of India (Interest Rate on Deposits) Directions, 2016’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949.
Adani opts out of US funding for its Colombo Port project
Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and not seek US funding. In an exchange filing late on Tuesday,…
Gautam Adani, Sagar Adani clear of bribery charges as per DoJ Indictment, claims AGEL
In its filing, AGEL has cited the news reporting by various media houses on the bribery and corruption charges against Adani Officials as ‘Incorrect’. “Media articles which state that certain of our directors namely Mr. Gautam Adani, Mr. Sagar Adani and Mr. Vneet Jaain have been charged with violation(s) of the US Foreign Corrupt Practices Act (FCPA) in the indictment.