RBI Deputy Governor proposed the enactment of a special law to enable the proposed public credit registry (PCR) in order to resolve the deep data asymmetry in the financial system and prevent the bad loan accumulation.

posted by Jawwad Kazi 21st Aug 2018

According to a recent survey by the National Bank for Agriculture and Rural Development (NABARD), more than half the agricultural households in the country have outstanding debt.

posted by Jawwad Kazi 20th Aug 2018

U.S. technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India.

posted by Jawwad Kazi 20th Aug 2018

According to Moody's and other experts, India's current account deficit (CAD) will widen to 2.5 per cent of the GDP in the current fiscal due to higher oil prices that has been accentuated by rupee depreciation.

posted by Jawwad Kazi 20th Aug 2018

As per the official statement, India's crude oil import bill is likely to jump by about USD 26 billion in 2018-19 as rupee dropping to a record low has made buying of oil from overseas costlier.

posted by Jawwad Kazi 17th Aug 2018