Solutions to shadow banking risks are well-documented: tightening regulations, extending central banks' cover as lender-of-last-resort, mandating deposit insurance to prevent overnight collapse, controlling trade in highly complex, opaque and high-risk derivatives and changing short-term-funding-long-term-lending business model

\"The job of the Union Minister for Environment and Forests is not that it clears as many industrial projects as possible. It is to ensure that forest land and the environment are protected and saved,\" says Jairam Ramesh

In a letter to Prakash Javadekar, Thackeray red-flagged the provision for allowing up to 50 per cent expansion of any existing project without public consultation and expansion of up to 25 per cent without going through an EIA process

The partnership was announced at W-GDP event hosted by Stephen Biegun, Deputy Secretary of United States (US) and with Ivanka Trump, Advisor to the President of the US, and Bonnie Glick, Deputy USAID Administrator

Multiplex major PVR has said that it is all set to start operations as soon as it gets a go-ahead to open its multiplexes; In a major breakthrough in coronavirus treatment, Russia has developed the world's first vaccine against COVID-19; Infosys founder N R Narayana Murthy on Tuesday said that India's GDP is expected to shrink by at least five per cent. He added that there is a fear that we may even reach the lowest GDP (growth) since independence. Watch this and more on News Blast.Also Read: Need to ensure Russian COVID-19 vaccine is safe before mass administration: AIIMS Director Randeep Guleria

The slump recorded by the Office for National Statistics follows a 2.2% quarterly contraction in the first three months of the year. As such, the UK economy is in a recession - commonly defined as two quarters of negative growth

Former deputy governor of Reserve Bank of India says idea that India'll somehow fix governance problems of PSBs won't work; I see only two parts that can work -- healthier banks can be floated in market and others should find niche business models that work, he says

Coronavirus impact: Narayana Murthy fears India's GDP may touch its lowest since 1947Flagging fears that the country's GDP growth may even touch its lowest since independence in the backdrop of coronavirus pandemic, Infosys founder N R Narayana Murthy on Tuesday said the economy should be brought back on track and people should be prepared to live with the pathogen. \"India's GDP is expected to shrink by at least five per cent. There is a fear that we may even reach the lowest GDP (growth) si...

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Murthy said that right from the first day of the national lockdown on March 24 his view had been that people have to be prepared to live with the virus for three reasons -- there is no vaccine, no cure for coronavirus and the economy cannot be brought to a halt

RBI has warned that economic disruptions may intensify systemic risks to India's financial sector primarily because NBFCs remain vulnerable with their deteriorating asset quality and reluctance of the market to lend them money. On the global front, there is little to cheer about shadow banking

Mining sector in the country contributed Rs 4 lakh crore to the Gross Domestic Product (GDP) last year and the sector employs 1.1 crore people directly and another 5.5 crore people are indirectly dependent on the sector

Rajasthan politics: A meeting was held on Monday at Rahul Gandhi's residence with Pilot that was also attended by Priyanka Gandhi. Following this meeting, Congress president Sonia Gandhi decided that the party will constitute a three-member committee to address the issues raised by Pilot and the aggrieved MLAs

Former PM says government's shock and awe approach to lockdown has caused tremendous pain to people and that suddenness of announcement and stringency of lockdown were thoughtless and insensitive

Partnerships and collaborations, especially those through a Public-Private-Partnership (PPP) model with governments, will indeed play a key role in advancing public health and the economy in this COVID era

The governments need to come up with policy measures to reduce the economic and social fallout arising out of it, the Asian Development Bank (ADB) said in a report

Saudi Aramco's Chief Executive Officer (CEO) Amin Nasser has said the company is 'still working on the deal to invest in Reliance Industries'

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The new policy provides a host of financial incentives for buying electric vehicles in the capital, over and above the subsidies already being provided under the central government's FAME scheme

The 30 panellists who participated in the survey expect CPI inflation to fall from 5.2 per cent in the September 2020 quarter to 3 per cent by March 2020 quarter and inch up to 3.3 per cent in the first quarter of 2021-22