Bangladesh High Commissioner to India has called for greater cooperation between the two countries to accelerate the growth for the benefits of their people. He pointed out trade,investment,connectivity and energy as the three key areas of immediate focus. Referring to the Rohingya refugees in Bangladesh,he said that Bangladesh seeks continuous support of India and international… Continue reading Bangladesh seeks to synergise ties with India
Category: Daily Factly articles
High trading costs impact liquidity of Indian equities: study
According to a study by the World Bank,the turnover ratio of the Indian stock market had fallen from 143 in 2008 to 58 in 2018. The turnover ratio which is a universally accepted parameter to gauge trading volumes,is the total value of the shares traded in a specific period divided by the average market capitalisation… Continue reading High trading costs impact liquidity of Indian equities: study
Hong Kong protests undermine rule of law, social order:China
The Chinese government has issued a strong condemnation of protesters who stormed and vandalised Hong Kong’s legislature calling the act totally intolerable. Hong Kong enjoys a “one country, two systems” deal that guarantees it a level of autonomy, and rights not seen on mainland China. However,it does not have full democracy and pro-democracy events are… Continue reading Hong Kong protests undermine rule of law, social order:China
Fund-starved NBFCs seek dedicated liquidity window
Non-banking finance companies(NBFC) who are under liquidity crunch and high cost of borrowings has asked for short-term and long-term measures from the government and the Reserve Bank of India (RBI). They have asked for a dedicated refinance window for NBFCs’ on the lines of National Housing Bank which provides refinance to housing finance companies. The… Continue reading Fund-starved NBFCs seek dedicated liquidity window
Money in Swiss banks: India ranked 74
According to the data released by the Swiss National Bank(SNB),India has moved down one place to 74th rank in terms of money parked by its citizens and enterprises with Swiss banks. Among the top-ranked jurisdictions, the UK is followed by the US, West Indies, France and Hong Kong in the top five. The top-five countries… Continue reading Money in Swiss banks: India ranked 74
Government proposes Rs 74,000 crore bailout for BSNL, MTNL
The government has proposed Rs 74,000 crore bailout package for state-run telecommunication companies Bharat Sanchar Nigam (BSNL) and Mahanagar Telephone Nigam (MTNL). The scheme involves an attractive exit package of an additional five percent compensation(ex-gratia) and provisions for 4G spectrum and capital expenditure. BSNL is India’s largest loss-making state-run entity.MTNL comes third with.Only national carrier… Continue reading Government proposes Rs 74,000 crore bailout for BSNL, MTNL
Iran says it has breached stockpile limit under nuclear deal
Iran has said that it has exceeded the amount of enriched uranium that it was allowed to have under a 2015 Iran nuclear deal. Iran also announced that it is planning to suspend other commitments under the deal in 10 days unless European powers took steps to implement their new mechanism known as Instex for… Continue reading Iran says it has breached stockpile limit under nuclear deal
Govt may enhance RBI powers for better supervision of NBFCs
The government is considering a proposal from the Reserve Bank of India(RBI) seeking more powers to improve its regulatory and supervisory mechanism for non-banking financial companies(NBFCs). This proposal came after RBI had called for greater surveillance on large entities in India’s Non-banking financial companies(NBFC) as their failure could lead to losses that are similar to… Continue reading Govt may enhance RBI powers for better supervision of NBFCs
Panel of CMs to suggest sweeping agriculture reforms
The Central government has set up a high powered committee of seven chief ministers led by Maharashtra’s CM as its convenor. The panel will suggest measures to transform Indian agriculture and raise farmers’ income. The Terms of reference(ToR) of the panel include suggestions on modalities for adoption and time-bound implementation of two key model Acts… Continue reading Panel of CMs to suggest sweeping agriculture reforms
New policy to aim to bring e-tailers, brick-and-mortar businesses closer
The Government is considering to bring a national policy on retail trade. This policy is being brought as e-commerce firms are looking to expand into new segments such as groceries alongside penetrate into India’s geography.This will widen the conflict between online retailers and traditional ones. The retail policy is expected to cover different segments and… Continue reading New policy to aim to bring e-tailers, brick-and-mortar businesses closer
