The inflation target could be tweaked to accommodate the government's higher borrowing plan of Rs 12 lakh crore in 2021-22

India needs to collect and declare credible data on stressed assets, identify sectors and companies where these are accumulated and be transparent in insolvency resolution before jumping to a new mechanism

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Allowing big industrial houses in the banking sector has its own set of challenges

RBI panel's proposal to allow big corporates/industrial houses to own and run banks and NBFCs is contrary to RBI's own earlier stand, economic logic and historical evidence of multiple economic crises caused by reckless private financial sector players

Rahul Gandhi took a dig at the Centre over the Reserve Bank of India's recent proposal to allow large corporate houses as promoters of banks. He mimicked Union Home Minister Amit Shah's phrase 'Chronology samajhiye' (Understand the Chronology) in the tweet

Former Reserve Bank of India's (RBI) governor Raghuram Rajan and deputy governor Viral Acharya have said that the proposals put out by an internal working group (IWG) of the central bank to allow corporate entry into banking is a \"bad idea.\"; Software giant Microsoft has rolled out a new feature on its Teams app through which up to 300 participants will be able to do free voice or video calls all day; Biotechnology major Biocon on Monday said it has inked an agreement for the acquisition of 26% stake on a fully diluted basis in Hinduja Renewables Two Pvt Ltd for Rs 5.91 crore. Watch this and more on News Blast.Also Read: 'India, top priority': Serum Institute CEO Adar Poonawalla on COVID-19 vaccine distribution plan

SpiceJet founders venture into COVID-19 testing SpiceHealth, a healthcare company founded by the promoters of low-cost carrier SpiceJet, announced on November 23 that it would conduct Real-Time Polymerase Chain Reaction (RT-PCR) tests, touted as the most decisive and crucial test for COVID-19, starting at Rs 499. The company also claimed that the test report will be generated in a record time of 6 hours after sample collection, in stark contrast to the current 24 to 48 hours it takes at mos...

For corporate houses, their ability to work under a stringent regulatory watch and to have detailed disclosures and proactive communication will be a test of the toughest order

The agency added that the RBI's internal working group's concerns regarding the concentration of economic power, as well as financial stability in permitting corporate houses to own banks, are some of the potential risks

The new feature will not be restricted to Microsoft Account or Microsoft Teams app, but one can join also calls via the web browser

Former Reserve Bank of India's (RBI) governor Raghuram Rajan and deputy governor Viral Acharya in an article he posted on LinkedIn, stated that it is important to stick to the tried and tested limits on corporate involvement in banking

A survey by rural media platform Gaon Connection on the recently passed three agriculture laws in the country, showed that more than fifty per cent of farmers did not favour them; Finance Minister Nirmala Sitharaman has said that her ministry is in the process of assessing the country's economic situation and will make an official forecast of the GDP contraction for 2020-21 soon; Israel to begin trials of COVID-19 vaccine 'Brilife' by Oct-end. Watch this and more news on News Blast.Also Read: Coronavirus vaccine: Moderna eyes emergency approval in December

Israel to begin trials of COVID-19 vaccine 'Brilife' by Oct-endIsrael has named its COVID-19 vaccine candidate 'Brilife' and its human trials will begin by October-end, according to an official press release. The prospective vaccine is being developed by the Israel Institute of Biological Research (IIBR) that was established in 1952 as part of the Israel Defence Forces' Science Corps, and later became a civilian organisation.Big Billion Days: Over 70 sellers become crorepatis in first 3 day...

Restoring banks' capital is critical for aiding a meaningful recovery, but there has been little focus on the matter, former RBI Deputy Governor Viral Acharya said

Bandhan Bank stock has gained 16.55% in the last 5 days

Raghuram Rajan said he is not clear what government means by 'Atma Nirbhar Bharat', adding that if it is about creating an environment for production then it is a rebranding of the 'Make in India' initiative

In order to ensure timely completion of IBC, out of court settlement needs to be encouraged, and the NCLT, NCLAT infrastructure needs to be strengthened

India reopened the Taj Mahal after six months on Monday, with the first visitors trickling into the famous monument; E-healthcare platform Medtalks sees 10,000% growth in 6 months; Rajan, Acharya on Modi govt's reform of public sector banks. Watch this and more news on News Blast.

Minimum support price hiked for wheat, 5 other rabi crops amid Farm Bills RowGovernment has hiked minimum support prices (MSPs) for six rabi crops while intense protests by farmers continue across the country over the new farm laws. Farmers are apprehensive that the new laws will undermine the MSP system.15% of Rs 31.3 lakh crore corporate debt under stressClose to 15 per cent or corporate debt worth Rs 4.6 lakh crore is stressed, revealed a study by IIFL Securities. These estimates were a...