Category: Uncategorized

‘India’s financial system stable,’ states RBI Financial Stability Report

The Reserve Bank of India (RBI) released the 20th issue of the Financial Stability Report (FSR) which states that the country’s financial system is actually stable despite weakening domestic growth. The report, however, added that geopolitical developments might still brandish an economic risk. “India`s financial system remains stable notwithstanding weakening domestic growth; resilience of the […]

Industry asks govt to boost private investments to kick-start growth

Prominent industrialists on Thursday urged the finance ministry kick-start economic growth by encouraging private investment, improving regulatory environment and increasing export competitiveness. In a customary pre-budget consultation with finance minister Nirmala Sitharaman and top officials of the finance ministry, industrialists suggested ways to boost the rural economy by boosting consumption. “Other suggestions included ideas to […]

21 Nov

Cabinet approves strategic disinvestment of BPCL, sale of stakes in select PSUs

The Union Cabinet on Wednesday gave in-principle approval to the proposal of strategic disinvesting stake in state-owned Bharat Petroleum Corporation Ltd (BPCL). The government plans to sell its 53.29% stake along with management control in the oil marketing and refining firm. The government will, however, retain the control of Numaligarh Refinery in Assam which will […]

CSB Bank IPO to open on November 22; 10 things you need to know

Kerala-based private sector lender CSB Bank (earlier known as The Catholic Syrian Bank) will launch its initial public offering for subscription on November 22. The anchor investor offer period will be one working day prior to the IPO opening date which is November 21. The issue will close on November 26. The bank in consultation […]

New norms to ease restrictions on FDI by JVs of Indian companies

In a bid to ease the flow of foreign funds into legitimate business activities, the government may soon ease restrictions on foreign direct investment (FDI) by joint ventures (JVs) or wholly-owned subsidiaries (WOS) of an Indian company without categorising such investments as “suspect” involving ’round tripping’ of funds. The existing legal framework under FEMA does […]