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Anand Adhikari
New Delhi, December 9, 2020
The Reserve Bank of India's working group has recommended allowing large corporate and industrial  houses to set up commercial banks.  This is a big shift in the RBI's policy of granting banking licenses. The working group is also in favour of allowing well established NBFCs promoted by the large industrial houses to convert into banking entities. But the banking Licensing framework for large corporations should fix credit gaps in the financial system. The country today needs large banking units to fund infrastructure and MSMEs to create future revenue generating assets like roads , ports and airports , support manufacturing and create a good network of ancillary units for the world  and create employment opportunities. The retail banking space is already a crowded space and entry of new banks would only create more clones of the same. Anand Adhikari, Executive Editor, Business Today, explains more. WATCH MORE: Sorry, Modern Monetary Theory Not for India


BusinessToday.In
December 9, 2020
Sensex touched 46K for the very first time and Nifty crossed 13,500 level today as the world's second-worst coronavirus-affected country considers approving vaccines for the public, raising bets of an economic recovery


BusinessToday.In
December 9, 2020
The Atmanirbhar Bharat Rozgar Yojana scheme, which aims to create more formal jobs, to benefit around 58.5 lakh employees, says minister


BusinessToday.In
December 9, 2020
Forbes described Amitabh Bachchan as a veteran of the Hindi film industry who has performed in more than 200 movies in his five decades-long career.


BusinessToday.In
December 9, 2020
India Stock Market Highlights Today: Intraday, both indices touched all time highs today, with Sensex hitting 46,164 and Nifty touching 13,548.


BusinessToday.In
December 8, 2020
Intra day, both indices touched all-time highs today, with Sensex hitting 45,742 and Nifty touching 13,435 for the very first time


Prasanna Mohanty
December 8, 2020
India's national agriculture policy is 20 years old and its response to farm crisis continues to be ad hoc, primarily focused on letting private players provide infrastructure and better remuneration to farmers who have consistently failed to deliver


Aprajita Sharma
December 8, 2020
The equity mutual fund segment saw a net outflow of Rs 13,140 crore compared to Rs 2,725 crore in October. However, overall assets under management (AUM) of the mutual fund industry hit a record high of Rs 30 lakh crore


PTI
December 8, 2020
Counsellor in India's Permanent Mission to the UN Pratik Mathur stressed that nations must address all barriers against access to medicines and new technologies


Reuters
December 8, 2020
The new package will include about 40 trillion yen ($384.54 billion) in direct fiscal spending and initiatives targeted at reducing carbon emissions and boosting adoption of digital technology


BusinessToday.In
December 8, 2020
CEO Vasant Kamath has estimated that there are about 2 million users and as much as Rs 50,000 crore has been transacted in smallcases


BusinessToday.In
December 8, 2020
India Stock Market Highlights Today:  Intra day, both indices touched all time highs today, with Sensex hitting, 45,742 and Nifty touching, 13,435


BusinessToday.In
December 7, 2020
As per the Indian Council of Medical Research (ICMR), Serum Institute has manufactured four crore doses of the vaccine under the at-risk manufacturing and stockpiling licence obtained from the DCGI


PTI
December 6, 2020
Severe long-term effects of the COVID-19 pandemic could push an additional 207 million people into extreme poverty on top of the current pandemic trajectory, bringing the total to over 1 billion by 2030, says the study


Reuters
December 5, 2020
Moscow's COVID-19 task force said the Russian-made vaccine would first be made available to doctors and other medical workers, teachers and social workers because they ran the highest risk of exposure to the disease


PTI
December 5, 2020
Cash-strapped Pakistan's economic woes have further worsened due to the coronavirus pandemic and Imran Khan's government is arranging finances from world bodies, including the International Monetary Fund


Prasanna Mohanty
December 4, 2020
Top-down reforms since the demonetisation of 2016 have already derailed the economy and brought misery to millions, yet the great zeal to do more of the same amidst protests from several segments of population demonstrate that the intent is far from public welfare


Associated Press
December 4, 2020
The numbers are in line with estimates that have been made in Japan since the Olympics were postponed eight months ago. They are now set to open on July 23, 2021


BusinessToday.In
December 4, 2020
COVID-19 vaccine trial updates: AIIMS director Dr Randeep Guleria has pinned his hopes on the five coronavirus vaccine candidates which are in varying stages of trials across India


BusinessToday.In
December 4, 2020
India Stock Market Highlights Today: During the session, Sensex touched a lifetime high of 45,148 and Nifty hit an all-time high of 13,280


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