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Retail inflation eases to 3.69% in August

Continuing the slide for the second straight month, retail inflation eased to a 10-month low of 3.69 per cent in August due to base effect and a fall in prices in the food category, especially fruits and vegetables.

posted by Jawwad Kazi 13th Sep 2018

Cabinet clears new procurement policy

The Union Cabinet has approved a new Umbrella Scheme “Pradhan Mantri Annadata Aay SanraksHan Abhiyan’ (PM-AASHA).

posted by Jawwad Kazi 13th Sep 2018

SC orders status quo on RBI’s February 12 circular

The Supreme Court on Tuesday ordered status quo on the implementation of a February 12 circular of the Reserve Bank of India which mandates insolvency proceedings for a debt servicing default beyond 180 days.

posted by Jawwad Kazi 12th Sep 2018

Small loans could turn bad: Rajan

Former RBI Governor Raghuram Rajan has cautioned that the next crisis in India’s banking sector could come from loans given to the unorganised micro and small businesses, called MUDRA loans, and credit extended through the Kisan credit card.

posted by Jawwad Kazi 12th Sep 2018

BIMSTEC embarrassment for India

Nepal, Thailand send only observers to grouping’s first joint military exercise being held in Pune- India is facing an embarrassing situation at the first ever military exercise of the regional grouping BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) with Nepal and Thailand backing out from sending full contingents.

posted by Jawwad Kazi 12th Sep 2018