''Real GDP growth clocked 7.6 per cent in Q2 FY 2023. The real GDP...
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Electric vehicles are less reliable than gas-powered cars: US consumer report
Consumer Reports noted that lingering concerns about reliability...
“We are likely to come out with a set of pension regulations soon”
Gujarat International Finance Tec-City, India’s newest financial...
Sitharaman to meet industry bodies to assess coronavirus impact
-Several sectors, specially electronics, mobile and textiles, are expected to be hit due to supply restraints in China in the wake of the coronavirus epidemic.
–The virus outbreak in China has claimed nearly 1,500 lives and infected over 60,000. The deadly virus has spread to many countries, including India.
Bank accounts of over 200 NDMC employees hacked, money siphoned off
NEW DELHI : Bank accounts of more than 200 employees of New Delhi Municipal Corporation (NDMC) were allegedly hacked and money siphoned off in the first week of February, police said on Friday. Though police have received only two complaints of online fraud...
Negative interest rates turn saving, borrowing upside down
Four trillion euros worth of government bonds of the 19 countries that use the euro now yield less than zero. Trillions more in Japanese and other government bonds trade below zero around the world. Even Greece, which defaulted on government bonds in 2012 and carries the highest debt load in Europe, was able to sell three-month notes at a negative rate.
18 PSBs hit by fraud cases of Rs 1.17 trn in Apr-Dec of FY20
SBI reported 4,769 cases of banking frauds worth Rs 30,300 crore during the nine-month period ended December 2019. This is about 26 per cent of the Rs 1,17,463.73 crore, which is the total amount of reported cases of banking frauds in PSBs during this period, he said.
China cleans, locks away banknotes to stop virus spread
The virus, which has infected more than 66,000 people in China,killed over 1500 people and spread to more than two dozen other countries, has sparked a rush to disinfect public places and minimise contact between people.
Munich Re targets growing global energy weather hedges
Munich Re competes with Swiss Re, Allianz and Japan’s Sompo in a market where policy prices are individualized and there is little public data.
Indian pharma cos may face supply shortages from China if coronavirus drags on
Optimism that the worst of the outbreak centered in China’s Hubei province and its capital Wuhan would be over by April took a major hit late on Wednesday. Chinese health officials, using a broader method of confirming coronavirus cases, said they shot up by nearly 15,000 in Hubei with total deaths in China nearing 1,400.
Coronavirus epidemic could infect two-thirds of World’s population: WHO Scientist
Longini’s modeling is based on data showing that each infected person normally transmits the disease to two to three other people. A lack of rapid tests and the relative mildness of the infection in some people also makes it difficult to track its spread, he said.
SEBI constitutes municipal bonds development committee
Panel would recommend on matters relating to regulation of intermediaries for ensuring investor protection in the primary and secondary market as well as on measures to facilitate issuers, municipalities, for issuance of municipal debt securities.
Debasish Panda appointed financial services secretary
The Appointments Committee of the Cabinet (ACC) has approved his appointment as secretary, department of financial services, in place of Rajiv Kumar, who superannuates this month-end, a personnel ministry order said.
Panda, a 1987-batch IAS officer of the Uttar Pradesh cadre, is at present special secretary, department of financial services.