Economy – Page 171 – Asian News from UK

US Fed chief reiterates call for more fiscal support

Despite recent news on vaccine development, Powell cautioned that significant downside risks for the economy remain, as widespread vaccination is still months away even in the best case…reports Asian Lite News US

November 18, 2020

-Top News·Economy·USA

Apparel Exporters Seek Special Pre FTA Deal With UK

Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel, has urged the government to strike a pre-FTA preferential trade deal to remove the tariff disadvantage faced by Indian apparels in the UK. In

November 18, 2020

Business·Economy·India News·UK News

RBI mulls LVB’s amalgamation with DBS Bank

The shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) may not be getting anything as per the Reserve Bank of India’s (RBI) draft scheme for its amalgamation with DBS Bank India. The

November 18, 2020

Business·Economy

Indian Banks’ NPLs near FY14 levels: Report

The bad loan scenario in Indian banks has improved as the net non-performing loans (NPL) are at a six-year-low. According to a report by Kotak Institutional Equities, net NPLs for banks are

November 18, 2020

Economy·India News

Kris Gopalakrishnan to become first Chairperson of RBI’s innovation hub

The Reserve Bank of India (RBI) has appointed Infosys co-founder Senapathy (Kris) Gopalakrishnan as Chairperson of the RBI Innovation Hub (RBIH). The RBI in its Monetary Policy Statement on Development and Regulatory

November 17, 2020

Business·Economy

India opens more sectors to foreign investment

India’s Department for Promotion of Industry and Internal Trade, DPIIT, has notified the opening up in more sectors for foreign direct investment. These sectors are single-brand retail trading, contract manufacturing and coal

November 17, 2020

Business·Economy

BPCL Shares Down As major Oil Giants Skip the Race

Shares of the state-run petroleum major Bharat Petroleum Corp. Ltd. (BPCL) fell nearly five per cent a day after the deadline for submitting bids for the strategic sale of the company ended.

November 17, 2020

Business·Economy·India News

Aviation sector to hit pre Covid levels soon: Minister Puri

Civil Aviation Minister Hardeep Singh Puri has exuded confidence that air travel will reach pre-Covid level by the end of current year or early next year. Addressing the ‘Deccan Dialogue’ organised by

November 17, 2020

Business·Economy·Travel & Tourism

Finance Commission Presents Report To The PM

The Chairman and Members of the 15th Finance Commission presented a copy of its report for the period 2021-22 to 2025-26 to Prime Minister Narendra Modi. The Commission had submitted its report

November 17, 2020

Economy·India News

World Bank to advise DIPAM on asset monetisation

The Department of Investment and Public Asset Management (DIPAM) on Monday signed an agreement with the World Bank to get advisory services for its asset monetisation plan. Disinvestment department DIPAM is mandated

November 16, 2020

Business·Economy

Economy - Page 171