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Official Summary of the events that took place in the 2 day workshop in Jaipur in May 2018 on 'IFMIS and Beyond...'
India is trying to improve its jobs statistics with time-use surveys to estimate the value of unpaid work, especially household chores by women. The government plans to start a yearlong exercise in January to survey households on how they spend their time, Debi Prasad Mondal, director general of the National...
Capital worth about Rs 500 billion will be required for PSBs to invest in alternative investment funds. Public sector banks (PSBs) will need an additional capital of Rs 1.1-1.3 trillion over the next two years to implement a five-point strategy to tackle bad loans, a committee report on project ‘Sashakt’ has...
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The government was the main driver behind the rise in January-March gross domestic product (GDP) growth to 7.7 per cent. In this period, the economy grew at the fastest pace in seven quarters and retained the tag of the fastest growing major economy. Data released by the CSO a few days ago showed that GDP...
Having decided to turn down frivolous concerns raised by investigative agencies, the government has put in place a detailed protocol for clearing all foreign direct investment (FDI) proposals as part of an exercise to speed up approvals and bring about greater transparency. Sources told TOI that a panel of...
IDBI CEO Mukesh Kumar Jain was been appointed as fourth deputy governor for a three year term, the government announced on Monday. “Government appoints experienced banker Mahesh Kumar Jain, MD & CEO of IDBI Bank as Deputy Governor, RBI for a term of three years,” Rajeev Kumar, financial services secretary...
he government is readying a roadmap to lower its stake in all central public sector enterprises (CPSEs) to 49% in three years, except for those operating in sectors of strategic importance such as defence and oil. This will increase autonomy, reduce political interference and also raise the valuation of the...
If it looks like a duck, swims like a duck, and quacks like a duck, it’s probably a duck. And right now, this duck is looking a lot like an oil shock In Brazil, a strike by truckers protesting the price of fuel brought the economy to a halt over the past week, interrupting exports of soybeans, coffee and...
Losses by state-run banks have almost entirely wiped out the USD 13-billion capital infusion by the government, and the situation is unlikely to improve in the current fiscal year, ratings agency Fitch said today. The big losses will pressure the banks' viability ratings as well, it warned. "Cumulative losses...

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