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RBI cuts banks’ CRR by 50bps to ease liquidity conditions, keeps rates unchanged, lowers GDP growth target

RBI cuts banks’ CRR by 50bps to ease liquidity conditions, keeps rates unchanged, lowers GDP growth target

by AIP Online Bureau | Dec 6, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Risk Management

The RBI sharply cut the GDP growth projection to 6.6 per cent from the earlier level of 7.2 per cent, while raising inflation target to 4.8 per cent from the previous projection of 4.5 per cent for the current fiscal. Mumbai: Reducing cash reserve ratio(CRR) by 50...

Ammunition used in CEO’s killing had ‘deny,’ ‘defend’, ‘depose’ written on it

by AIP Online Bureau | Dec 5, 2024 | Health, International News

The message left on the ammunition echoes the phrase “delay, deny, defend,” which is commonly used by attorneys and insurance industry critics to describe tactics used to avoid paying claims. It refers to insurers delaying payment, denying a claim and then defending...
Indian businesses should not be excessively dependent on one supply chain: Jaishankar on trade with China

Indian businesses should not be excessively dependent on one supply chain: Jaishankar on trade with China

by AIP Online Bureau | Dec 5, 2024 | Eco/Invest/Demography, Indian News, Risk Management

The external affairs minister said alternative routes for supplies are increasing the transportation cost of the shipments. “It is of very direct economic consequence. So we have actually been interacting with all the major players including Iran and Israel,” External...
Canara Bank gets RBI nod for life insurance & MF stake divestment

Canara Bank gets RBI nod for life insurance & MF stake divestment

by AIP Online Bureau | Dec 5, 2024 | Banking & Bancassurance, Indian News, Life, Policy, Wealth Management/ Philanthropy

Reserve Bank of India on Thursday has accorded approval to our bank for divesting its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company Ltd by 13 per cent and 14.5 per cent, respectively through Initial Public Offer...

OROP: Have decided not to accept recommendations on pension hike, Centre to SC

by AIP Online Bureau | Dec 5, 2024 | Indian News, Pension & Social Security, Policy

Earlier, the bench had come down heavily on the Centre for failing to take any decision for years on the pension payable to retired regular captains in accordance with the OROP scheme and imposed a fine of Rs 2 lakh on it New Delhi: The Centre on Thursday told the...
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