Shah Rukh Khan wants to be Air India brand ambassador 'unofficially' : Bulletin: Business Today
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Shah Rukh Khan wants to be Air India brand ambassador 'unofficially'

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BusinessToday.In | November 19, 2018

RBI board meeting today might see the two sides reach common ground

The ongoing rift with the government is set to play out at the RBI's crucial board meeting Monday, with the Finance Ministry nominees and some independent directors expected to take on Governor Urjit Patel and his team over issues ranging from MSME credit to the central bank's reserves, though both sides are in favour of reaching a common ground. While there have been reports and demands from some quarters for the Governor to step down, sources said Patel is unlikely to yield under pressure and will rather mount a strong defence of the central bank's policies regarding stringent NPA recognition norms as well as measures taken to ease credit supply to MSMEs.

Shah Rukh Khan wants to 'unofficially' be Air India brand ambassador

Impressed by Air India's services, cine star Shah Rukh Khan Sunday said "unofficially and unabashedly" he wants to declare himself as the ambassador of the national carrier. Responding to the star's appreciation, Air India said it is humbled when 'King Khan' is the brand ambassador for 'Maharaja'. Shah Rukh Khan, took an Air India flight from New York to Mumbai. He landed in Mumbai on Sunday, according to an airline official. "Unofficially & Unabashedly I want to declare myself the ambassador of @airindia...," Khan said in a tweet. "Thank u to the ground staff and the wonderful pilots for a hospitable warm & beautiful journey" he said.
PM Modi to chair meet with India Inc on 'Ease of Doing Biz'
Prime Minister Narendra Modi will chair a meeting with top industrialists and policy makers on Monday to brainstorm on measures required to realise his vision of India breaking into the top 50 in the World Bank's ease of doing business index, sources said. The meeting 'Reflections on Ease of Doing Business' is being organised by the Department of Industrial Policy and Promotion as the government gears up for India's ranking to leapfrog on the 'Doing Business' index next year and boost the country's investment attractiveness, the sources told PTI.

RBI trains 11,000 bank officers on credit lending to small businesses

While a debate is going on whether the RBI should do more to ease credit to MSMEs, banking officials said the central bank had provided special training to nearly 11,000 officers at various commercial banks on lending to micro, small and medium enterprises. This training has been provided to officers working at nearly 3,000 bank branches covering all districts in India through more than 2,000 special workshops in the last three years, the officials said.
SBI moves RBI for alternative options to paperless account opening via Aadhaar on YONO

As SBI's one-stop solution platform 'YONO' for the online access of all banking services has suspended digital account opening through Aadhaar following the Supreme Court's order, the bank has sought clarity from the RBI for an alternative solution. The Supreme Court order on September 26 said it was not mandatory to link the 12-digit unique identification number Aadhaar for opening or availing banking services, among others. Since then the State Bank of India (SBI) has disabled the facility of opening paperless bank account through 'You Only Need One' (YONO) temporarily, customers are required to visit a branch to open an account.
Central Information Commission asks PMO, RBI to disclose wilful defaulters list, Raghuram Rajan's letter

Severely admonishing the RBI and the PMO, the Central Information Commission has again directed them to disclose the list of wilful defaulters and Raghuram Rajan's letter on bad loans. In an exhaustive 66-page order, the panel pulled up the Prime Minister's Office for not complying with its directive to disclose the letter from former RBI Governor Rajan on bad loans.
Opportunities for India amid a US-China trade war

The aftermath of the U.S.-China trade war could lead to deeper trade ties between India and the U.S.  In his speech on October 4 outlining the Administration's Policy Towards China, Vice President Pence said, "to advance our vision of a free and open Indo-Pacific, we're building new and stronger bonds with nations that share our values across the region, from India to Samoa." A U.S.-China Trade war undoubtedly presents opportunities for India's job-led manufacturing sector, but a conducive policy environment and synchronized U.S.-India agenda will determine the likelihood of these opportunities.



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