Pradhan said the policy prescribes guidelines for setting up and responsibilities of dismantling centre and scrap processing centre, roles of aggregators and responsibilities of the government, manufacturer and owner

The central bank has already chopped 135 basis points off its key lending rate, but this has failed to spur demand

The IADI recommends a minimum deposit insurance coverage of 80 per cent of the total deposit accounts and 20-30 per cent in value terms in a member country

October month's WPI is also lower than 5.54% recorded in the same month last year. It is also below 0.33% logged in September 2019

At the interbank foreign exchange, the rupee opened marginally higher at 72.05 against the US dollar, before turning negative and dropping 15 paise to 72.24 against its previous close

The sharp rise in CPI is scary for borrowers both individual and corporate as the Reserve Bank of India targets retail inflation to fix the short-term repo rate

Retail inflation skyrocketed on the back of high vegetable prices. Last month saw exorbitant onion and tomato prices due to unseasonal rains, disruption in supply chain and acquisition restrictions on traders.

Does it make sense to opt for external benchmark-linked loans?

The Indian solar PV and cell manufacturing industry has about 100 companies, but modules and solar cells imported from countries like China, Taiwan, Vietnam and Malaysia are cheaper by at least 10-20 per cent.

The negative forecast came at a time when the international rating agency Moody's has revised down the outlook on the sovereign rating to negative from positive citing the many gathering storms around the economy

The SBI report has also cut GDP forecast for FY20 to 5 per cent from 6.1 per cent earlier, but expects growth rate to pick up pace in FY21 to 6.2 per cent

The FSRASC is headed by the cabinet secretary. The committee includes RBI Governor Shaktikanta Das and financial services secretary

IAS officer Kshatrapati Shivaji is also said to be in the running for the RBI's deputy governor post

Moody's says its India outlook reflects government and policy ineffectiveness in addressing economic weakness; the Modi government says India continues to offer strong prospects of growth in the near and medium-term

HDFC Bank had reduced MCLR across all tenors in August earlier this year. MCLR is the minimum lending rate below which a bank cannot extend lend