New Delhi, May 13 (IANS) No proposal is currently being considered to mandate work-from-home arrangements for the IT sector, after Prime Minister Narendra Modi’s appeal for reduced fuel usage to tackle the fuel price surge, government sources clarified, as per reports. The IT industry has largely adopted hybrid work models since the pandemic, and hence, no formal directive is being considered, an NDTV Profit report cited the sources as saying.Further, policy decisions related to mandatory remote…
Latest Reserve Bank News & Updates
New Delhi, May 13 (IANS) Historical analysis of oil spikes showed that they do not permanently alter India’s GDP or inflation path and the structural relationships are weak over the long run, a report said on Wednesday.The report from Bank of Baroda said that autoregressive distributed lag model analysis of crude price changes over the last 54 years does not establish any long run relationship between oil prices, GDP, CPI (Consumer Price Index) and WPI (Wholesale Price Index).Over the past 54 …
New Delhi, Feb 27 (IANS) India’s Controller General of Accounts (CGA) T.C.A. Kalyani on Friday launched two major initiatives aimed at strengthening the governance and efficiency of banks handling government transactions– the Government Bank Dashboard and the Government Bank Manual.The Government Bank Manual provides a comprehensive and standardised framework for banks for handling government business. It clearly defines operational procedures, reporting obligations, reconciliation timelines, a…
Gandhinagar, Feb 15 (IANS) India accounts for more than half of the world’s total digital transactions, Union Home Minister Amit Shah said on Sunday while launching the country’s first Central Bank Digital Currency (CBDC)-based Public Distribution System (PDS) in Gujarat’s Gandhinagar.Speaking at a function held at Mahatma Mandir, HM Shah said India’s rapid digital transformation over the past decade had enabled the government to integrate advanced technology into welfare delivery.”A decade ago,…
Mumbai, Jan 5 (IANS) RBI Governor Sanjay Malhotra on Monday underlined the need for sound underwriting standards and close monitoring of asset quality by NBFCs.At a meeting held here with the Managing Directors and CEOs of select non-banking financial companies (NBFCs), including government NBFCs, housing finance companies (HFCs), and microfinance institutions, the RBI Governor further emphasised the criticality of customer-centricity, ethical conduct, and responsible lending.He also highlighted…
New Delhi, Dec 27 (IANS) Punjab National Bank (PNB) has declared a Rs 2,434 crore alleged loan fraud by the former promoters of Srei Equipment Finance and Srei Infrastructure Finance.In a late evening exchange filing, the state-run PNB said that “Pursuant to the applicable provisions of SEBI (LODFR) Regulations, 2015 and the Bank’s Policy for determining materiality of events/information required to be reported to the Stock Exchanges, it is hereby informed that the bank has reported borrowal…