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INDIA BANKING SECTOR REFORMS
Banking on gear shift for pickup: After cleaning up bad loans, banks now need a new reform pushIndia's banking sector requires reforms for sustained growth and improved credit access. Banks must grow significantly to meet microenterpr...
ADB okays $1.8 billion loans for urban reforms, rooftop solar pushThe urban programme will support implementation of the Urban Challenge Fund by strengthening urban institutions, improving integrated plann...
PM Modi chairs second high-level meeting with Secretaries, reviews agenda for Viksit BharatPrime Minister Narendra Modi chaired a high-level meeting reviewing future action agendas. Discussions focused on finance, commerce, and te...
Minimum balance charges swell pvt banks' coffers by nearly Rs 5,000 cr in FY26Private banks collected over Rs 4,900 crore from account holders for minimum balance failures. Public sector banks also gathered Rs 2,100 c...
Govt considering proposal to ease FDI norms for downstream investments: SourcesThe government is considering easing foreign direct investment norms for downstream investments. This move aims to boost overseas fund infl...
Centre readies healthcare compliance overhaul to boost hospitals in tier-2, tier-3 citiesIndia plans major healthcare regulatory changes soon. These reforms aim to simplify licensing and reduce compliance burdens. The govt will ...
FIIs increase PSU exposure, trim stakes in private banksForeign investors reduced holdings in top private banks over the past year. They increased stakes in select public sector lenders, showing ...
Andy Burnham eyes immigration exemption for care workers in the UK to ease staffing crisisUK Prime Minister Andy Burnham is considering exempting care workers already in the country from tougher indefinite leave to remain rules a...
PM sets up task force headed by UIDAI chief Nandan Nilekani for exam reforms; panel to revamp NTA through technology & structural changesPrime Minister Narendra Modi has formed a task force for examination reforms. This high-powered group will be led by Nandan Nilekani, a ren...
Highest 5-year senior citizen FD interest rates: Public vs private sector banks- which offers highest maturityHighest FD rates: Senior citizens can secure higher returns on fixed deposits with select banks. Bandhan Bank, IndusInd Bank, and YES Bank ...
India's exports to UK may reach USD 115 bn by 2030 due to trade pact: AssochamIndia's trade with Britain is projected to hit USD 115 billion by 2030, promising the creation of approximately 700,000 to 1 million jobs. ...
Bank credit growth eases to 17.7% in fortnight to July 15Bank credit growth saw a slight deceleration to 17.7 percent year-on-year. Deposit growth also moderated to 12.7 percent in the same period...
India reiterates WTO-consistent trade policy, calls for development-oriented reformsIndia concluded its eighth Trade Policy Review at the WTO. Members broadly appreciated India's constructive engagement and economic resilie...
Ram Temple Trust tightens donation oversight, reviews SBI role after alleged counting irregularitiesThe Trust announced administrative and religious reforms for better temple management. An investigation into donation counting irregulariti...
India has achieved self-reliance in food; now it's time for value addition: Chirag PaswanChirag Paswan said India must now shift from food self-reliance to value addition through processing, infrastructure, innovation and better...
Govt aims to double food processing level to 2% over next five years: Chirag PaswanIndia plans to double its food processing level to twenty-five percent within five years. This ambitious goal follows significant reforms i...
Tariffs alone will not produce sustainable generic medicine in US: IPAThe Indian Pharmaceutical Alliance believes tariffs alone will not build US generic drug manufacturing. Broader reforms are needed for fair...
India must cut launch costs, boost local manufacturing to become world's third-largest space economy: DoT officialIndia is on a mission to become the world's third-largest space economy by the year 2033. This ambitious vision hinges on vital changes in ...
Privatise all CPSEs; bring oil, gas, alcohol under GST: US think tank wishlist for IndiaA US think tank proposed thirty reforms to boost India's economic growth. These suggestions include a ten-year plan for privatizing all CPS...
HDFC Bank gets RBI nod to appoint Rajiv Kumar as part-time chairmanHDFC Bank received RBI approval for Rajiv Kumar's appointment as part-time chairman. His three-year term as chairman will begin on July 15,...