"The Reserve Bank of India will cut interest rates by another 75...
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India’s financial system resilient, diverse: IMF report
The report observed that India's insurance sector is strong and...
Goa CM Sawant appointed convenor of GoM on GST revenue analysis
Pramod Sawant,Chief Minister,Goa As per the memorandum, the terms...
Digital India Act; draft to come in April: Chandrasekhar
Minister of State for Electronics and IT Rajeev Chandrasekhar As part of online safety and trust principle proposed for the Digital India Act (DIA), the minister sought views of stakeholder on mandating stringent regulation for privacy invasive devices such as spy...
Money laundering rules to apply to crypto trade – gov’t notification
Extending India's money laundering rules to cryptocurrencies will give authorities greater authority in monitoring the transfer of these assets beyond the country's borders MUMBAI: India's money laundering laws will apply to trade in cryptocurrencies, the federal...
Jobs and pay for women, barely improved in 20 years: ILO
The jobs gap is particularly severe in developing countries where the proportion of women unable to find a job reaches 24.9 per cent in low-income countries. The corresponding rate for men in the same category is 16.6 per cent, a worryingly high level but...
French nationwide strike to extend as pension reform fight intensifies
This is a critical time for labour and the government since French President Emmanuel Macron hopes parliament will adopt his plan to raise the pension age by two years to 64 before April. Looking to pile pressure on lawmakers, France's hardline unions said there would...
Biden proposes to raise taxes on high earners to avert Medicare funding crisis- WaPo
The White House's proposal would raise the net investment income tax, created by the Affordable Care Act, from 3.8% to 5% for all Americans earning more than $400,000 per year, according to the report. The White House will propose raising taxes on people earning more...
Fed likely needs to raise rates higher and possibly faster, Powell tells lawmakers
Federal Reserve Chair Jerome Powell “From a broader perspective, inflation has moderated somewhat since the middle of last year but remains well above the FOMC’s longer-run objective of 2 percent,” Powell said in his prepared remarks released in Washington. Federal...
China to deepen financial reform, open to more foreign investment
"We need to deepen reform of the financial system, improve financial regulation, and see that all those involved assume their full responsibilities to guard against regional and systemic financial risks," Premier Li Keqiang Beijing: China will deepen financial reform...
Govt not in ‘crazy rush’ to sell everything: FM Sitharaman on privatisation
Finance Minister Nirmala Sitharaman Two years ago , the government had said it would privatise some PSU banks and one PSU insurance company but it seems they are no more government priorities now. The focus of the strategic disinvestment process in the coming year...
Select Central government employees can opt for Old Pension Scheme
"It has now been decided that, in all cases where the central government civil employee has been appointed against a post or vacancy which was advertised/ notified for recruitment/appointment, prior to the date of notification for National Pension System i.e....
Reverting to OPS will privilege govt servants at cost of larger public: D Subbarao
''That will be a decidedly regressive move both for our commitment to fiscal responsibility, and more broadly for the credibility of our reforms,'' former RBI governor D Subbarao New Delhi: The decision of some states to restart Old Pension Scheme will be decidedly a...