The International Monetary Fund Deputy Chief Economist, Petya Koeva Brooks, in an interview to PTI on Friday also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country's economy

\"Timely delivery of safe and effective vaccines across all countries is critical to ending the pandemic, especially as new variants emerge. Developing countries need to strengthen their readiness for vaccination campaigns and develop coordinated strategies to reach vulnerable populations,\" a joint ministerial committee of the World Bank and the IMF said

India's debt to GDP ratio increased from 74 percent to 90 percent during the COVID-19 pandemic, the International Monetary Fund has said

RBI has proposed to make interoperability mandatory for full-KYC PPIs and for all acceptance infrastructure.

NHAI and the Ministry of Road Transport and Highways (MoRTH) have settled aggregate IL&FS claims of over Rs 1,804 crore across six road projects, including KNCEL and CTNL

When the Organisation of Oil Exporting Countries and Major Producers (OPEC+) extended the production cuts into April, India unsheathed that weapon

RBI should take cognisance of the situation and work together with sector representatives and government to eliminate the flaws and make the microfinance industry more vibrant

Many monetary policy experts, including former RBI governors Raghuram Rajan and D Subbarao, had advised the government against tinkering with the inflation target

There will be large banks having presence across the country and the world, mid-size banks present across the economy, small finance banks/regional rural banks/cooperatives to take care of the small borrowers and digital players, Das said

Despite the rise in aeronautical revenues, the operating profits of these airports would still be down 65 per cent in FY22 in comparison to FY20, which is better than the expected 90 per cent dip (in operating profits) in FY21

The framework is a part of the CBSE Competency Based Education Project that aims to replace the existing rote learning model as directed in the new National Education Policy (NEP) over the next 2-3 years

In a late evening circular on Monday, SEBI said the deemed residual maturity of Basel III AT-1 bonds will be 10 years until 31 March, 2022, and would be increased to 20 and 30 years over the subsequent six-month period

\"Strong data are ahead of us,\" a confident Fed Chair Jerome Powell said after a two-day policy meeting, ticking off the list of forces Fed officials expect will produce 6.5% GDP growth this year

Companies are going beyond physical health and taking care of employees' wellbeing

In order to ensure timely response with regard to IPO (Initial Public Offer) process, SCSBs would identify the nodal officer for IPO applications processed through UPI as a payment mechanism and submit the details to Sebi within seven working days

Rajan also cautioned against a second wave of coronavirus cases and called for increasing the pace of vaccination.

Former RBI Governor Raghuram Rajan on Sunday cautioned that 'drastic changes' in India's monetary policy framework can upset the bond market; Microsoft CEO Satya Nadella and several US lawmakers have said that they are appalled by the ongoing acts of hate against Asian Americans and condemned hate, racial discrimination and violence in all forms; Union Finance Minister Nirmala Sitharaman has said that the government is not shutting all windows for cryptocurrencies, or blockchain, and fintech as yet. Watch this and more on News Blast.Also Read: Bank strike: What are main demands of protesting unions?

'Drastic changes' in monetary policy framework can upset bond market, warns Raghuram Rajan As the economy slowly comes out of the pandemic blues, former RBI Governor Raghuram Rajan on Sunday cautioned that \"drastic changes\" in India's monetary policy framework can upset the bond market as the current system has helped in containing inflation and promoting growth. Rajan, also added that the government's ambitious target to make India a USD 5-trillion economy by 2024-25 was \"more aspiratio...

India pulled ahead as Russian holdings declined at a faster rate in recent weeks as the Reserve Bank of India (RBI) continues to hoard dollars to cushion the economy against any sudden outflows

There were rumours earlier that Adani and Hinduja groups were planning to participate in the Air India bids. The government plans to wrap up the disinvestment process in the second half of 2021