IIP GROWTH, RETAIL INFLATION DIP

IIP GROWTH, RETAIL INFLATION DIP The economy continued to witness high growth in industrial production in December and retail price inflation in January, despite both declining from their 17-month highs seen in the previous month. Despite persisting double-digit growth in capital goods and fast-moving consumer goods, the Index of Industrial Production (IIP) expanded at a […]

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EAC-PM discusses ways to rollout of mega healthcare scheme

EAC-PM discusses ways to rollout of mega healthcare scheme The Economic Advisory Council to the Prime Minister (EAC-PM) today discussed possible modalities for implementing the world’s largest health protection scheme announced in the Union Budget, said an official release. Finance Minister Arun Jaitley, in his Budget Speech on February 1, had announced that the government […]

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EPFO sells a portion of equity to maintain 8.65% interest rate

EPFO sells a portion of equity to maintain 8.65% interest rate EPFO has encashed its first tranche of equity investments it made in 2015 and made capital gain, including dividends, of Rs1,053.75 crore India‚Äôs retirement fund manager, the Employees Provident Fund Organization (EPFO), has booked a profit of over Rs1,000 crore by selling some of […]

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RBI withdraws SDR, S4A, sets banks 180-day timeline for bad loan resolution

RBI withdraws SDR, S4A, sets banks 180-day timeline for bad loan resolution Banks must implement a resolution plan within 180 days where exposure is Rs2,000 crore and above, failing which the NPA account has to be referred to the insolvency and bankruptcy code within 15 daysThe Reserve Bank of India (RBI) on Monday tightened norms […]

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