Less than three months before the draft guidelines on banks' Liquidity Coverage Ratio are proposed to come into effect, the Reserve Bank of India has asked some banks to submit details of their status, as on Dec. 31, under these new norms, according to four market sources aware of the development.Register to read
The Securities and Exchange Board of India is actively considering allowing the trading of 'when-listed' securities as it feels that certain activities in the grey market are not suitable and needed to be curbed, Chairperson Madhabi Puri Buch said at the annual convention of the Association of Investment Bankers of India here.Register to read
Raising concerns over working capital availability to micro and small enterprises, Chief Economic Adviser V. Anantha Nageswaran said large companies were insisting the government rolls back measures to clear payments for goods supplied by smaller enterprises. He said this also hinders the scope of getting earning-based cheaper credit for micro and small enterprises.Register to read
Donald J. Trump on Monday took oath as the 47th president of the US in a grand ceremony held in Washington, D.C. and asserted that the "golden age of America begins now". US Chief Justice John Roberts administered the oath of office to Trump. J.D. Vance was sworn in as the vice president of the US. Register to read
In the current economic scenario, where there are concerns about the government's capital spending avenues reaching limits, economist N.R. Bhanumurthy said it is time to revert to the Fiscal Responsibility and Budget Management Act and to keep capital expenditure at 3% of GDP going forward. "... in 2024-25 (Apr-Mar) it is somewhere around 3.3%. Now we should look at the 3% target so that 0.3% funds will be available for the private investors," Bhanumurthy, director of Madras School of Economics, said. Register to read