FE Bureau
Big win for Modi government! SC gives clean chit to Rs 58,000-cr Rafale deal
On the back foot after its recent electoral drubbing, the Narendra Modi government on Friday got a shot in the arm at an opportune time, with the Supreme Court dismissing a clutch of pleas challenging India’s purchase of 36
RBI Governance: Under discussion – Board for further examination of framework
The central board of the RBI on Friday discussed its governance framework and decided the matter required further examination, the central bank said in a statement on its website.
Plain speaking! Government raising issues no threat to RBI autonomy, says Arun Jaitley
Finance minister Arun Jaitley on Friday denied any government intrusion into the Reserve Bank of India’s (RBI’s) autonomous policy turf, arguing that making suggestions on crucial matters wasn’t an aberration and that t
Unfavourable base: Export growth crashes to 0.8% in November
Trade deficit eases to $16.7 billion in November as import growth, too, slows to just 4.3% last month from 17.6% in October.
Thumbs down: Former RBI governor Raghuram Rajan denounces farm loan waivers
With the general election just four-five months away, former Reserve Bank of India governor Raghuram Rajan on Friday called for the need to abandon the practice of farm loan waivers, as they add to the burden of state finance
Tamil Nadu asks Centre not to proceed with Dam Safety Bill
The Tamil Nadu government on Friday asked the Centre to withdraw the Dam Safety Bill, 2018 introduced in the Lok Sabha and not proceed further until a consensus evolves on the issue among all the states.
India’s first private drone manufacturing facility: Adani to make these advanced UAVs in Hyderabad
Initially, the company will manufacture the entire fuselage of the Hermes 900 UAV which will be exported to Israel for fitment of sensors and avionics.
Ramco Cements to set up plant in Andhra
Environment nod has been obtained for the proposed plant and the required mining lease for the plant is in place.
Pune travel agents protest Air India plan to use one GDS
The Pune chapter of Travel Agents Association of India (TAAI) and Travel Federation Association of India (TAFI) held a protest march against the national carrier, Air India, and its plans to align with only one Global Distrib
Mercedes tops JD Power 2018 India Customer Service Index (Luxury) study
India’s largest luxury car maker Mercedes-Benz has received the highest rank in the JD Power 2018 India Customer Service Index (Luxury) study; it scored 903 points. This study surveys luxury vehicle owners who visit authori
Ducati forays into pre-owned market – What bike lovers need to know
Motorbikes less than five years’ old, with mileage lower than 50,000-km, would be sold through Ducati Approved.
Making cars of the future – Student team from Delhi runs a car that returns a mileage of 154 kpl!
A total of 20 teams participated in the event
Cheap calls: Predatory pricing by telcos junked by TDSAT
Trai had prohibited incumbent telcos from making segmented offers to their high-Arpu customers.
Focus on MSMEs: RBI asks PSU banks to back small businesses
Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday sought to understand from heads of state-owned lenders whether there were any further steps that could be taken to lend more to the micro, small and medium ente
Umroi airport: SC seeks MCA, DGCA response; stays Meghalaya HC order
The Supreme Court on Thursday sought response from the ministry of civil aviation (MCA) and the Director General of Civil Aviation (DGCA) as to why they should not be asked to start flying operations to Umroi airport in Megha
No respite for RCom: Supreme court denies more time to clear Rs 550cr dues to Ericsson
The Supreme Court on Thursday refused to give more time to Reliance Communications (RCom) to clear dues of Rs 550 crore it owes to Swedish telecom equipment manufacturer Ericsson India.
IL&FS Transportation seeks penalty waiver from NSE
The roads infrastructure arm of IL&FS, IL&FS Transportation Networks (ITNL), on Thursday responded to the National Stock Exchange (NSE) notice, requesting it to waive the penalty for not filing its financial results for the t
Moody’s puts PFC and REC ratings ‘on review for downgrade’
Moody’s Investors Service on Thursday said it had placed the state-run firms — Power Finance Corporation (PFC) and Rural Electrification Corp (REC) — “on review for downgrade” after the government decided to sell it
FISME-Amazon agreement to give fillip to small vendors
Amazon India on Thursday inked an agreement with the Federation of Indian Micro and Small & Medium Enterprises (FISME) that will give small vendors an access to the e-commerce major’s marketplace, facilitating sale of their
BoI to hire financial advisor for NPAs sale
Bank of India (BoI) on Thursday sought bids from financial advisors who will be roped in to execute the sale of its non-performing asset (NPA) portfolio, including the processes of due diligence and valuation of NPAs. “This
Premium income of life insurers falls 3% in November
Annualised premium equivalent (APE) of the life insurance industry in November declined 3% year-on-year to Rs 5,733 crore.
Vegetable oil imports dip 9% in November
The country's import of vegetable oils during November 2018 has been reported at 11,33,893 tonne as compared to 12,56,433 tonne in October 2018 and 12,48,810 tonne in November, 2017, down by 9%.
Around the World
According to Pew Research Center, about one-fifth of adults in the US currently get their news fix from social media, which is marginally higher than the 16% of people who get their news from the papers.
Government not just a stakeholder, it runs economy, and manages institutions, says Shaktikanta Das
The new Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday dropped enough hints that he would be more amenable to the views of the government and other stakeholders, including the industry, than his predecessor
Sebi Board meet: Side-pocket facility for debt mutual funds among key decisions
The listing norms for start-ups will now require that 25% of the pre-issue capital be held by qualified institutional investors (QIIs) for at least a period of two years.
Healthy signs: Inflation hits 17-month low, IIP at 11-month high
Retail inflation hit a 17-month trough of 2.33% in November, while industrial production growth scaled a 11-month peak of 8.1% in October.
Income Tax Dept dismissed 40 officials since 2014-15
The income tax department (ITD) has dismissed/removed 40 officials since FY 15 till date based on complaints received against these persons.
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