The Union government has notified the Banking Regulation (Amendment) Ordinance, 2017 to give the Reserve Bank of India (RBI) more powers to tackle bad loans clogging the banking system. The ordinance comes into force immediately […]
Indian Oil Corporation Limited (IOCL) has availed of a term loan of Rs 28 billion from a consortium of six banks led by the State Bank of India (SBI) for financing its Ennore LNG terminal […]
To boost the market for municipal bonds, the Securities and Exchange Board of India (SEBI) has allowed municipalities that have a surplus on their books in any of three immediately preceding financial years to issue […]
To make real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) more attractive to investors, SEBI has notified norms allowing mutual funds to invest their money in such entities. The move comes after SEBI, […]
The Reserve Bank of India (RBI) has allowed multilateral and regional financial institutions to invest in rupee-denominated bonds (masala bonds) listed abroad. This is done to provide a greater choice of investors to Indian entities […]
The Securities and Exchange Board of India (SEBI) has amended regulations for real estate investments trusts (REITs) and infrastructure investment trusts (InvITs) in a bid to make these instruments more attractive for raising capital. SEBI […]
RBI has announced a host of measures to boost investor participation and market liquidity in the corporate bond market. It has allowed commercial banks to issue rupee-denominated bonds (masala bonds) in overseas markets, for meeting […]
The Cabinet Committee on Economic Affairs has approved a slew of measures proposed by the National Institution for Transforming India (NITI) Aayog to boost the construction sector and restart stalled infrastructure projects. Under the new […]
RBI has given in-principle approval to seven non-bank companies to operate under the Bharat Bill Payment System. These are Spice Digital, Oxigen, PayU India, Paytm, Euronet, TechProcess and BillDesk. These companies will now be required […]
In a big step towards the resolution of bad loans, Indian banks, the Reserve Bank of India (RBI) and the Ministry of Finance are in talks for setting up two special funds to resurrect troubled […]
The central government has relaxed foreign direct investment (FDI) norms for the aviation and defence sectors. In the aviation sector, foreign investors, barring overseas airlines, have been permitted to hold 100 per cent stake in […]
The cabinet has cleared the proposal for the upcoming spectrum auction likely to be conducted in September 2016. A total of 2,142 MHz of spectrum in the major bands (700 MHz, 800 MHz, 900 MHz, […]
The Kerala government has announced a Rs 120 billion package for infrastructure projects under the revised State Budget 2016-17. The necessary funds will be raised through the Kerala Infrastructure Investment Fund Board by issuing bonds, […]
RBI has released the framework for payment and settlement systems in India. The regulatory framework, based on a consultative approach, aims to achieve enhanced coverage of payment systems coupled with convenience for end-users. A key […]
The central government has announced 13 more cities to be included in the set of cities to receive funds under the Smart Cities Mission, taking the total number to 33. Under the mission, the government […]
The Reserve Bank of India (RBI) has kept the repo rate (the rate at which it lends funds to banks) unchanged at 6.5 per cent. RBI had cut the repo rate by 25 basis points […]
The Maharashtra government has finalised a financial reconstruction plan for three power utilities — Maharashtra State Power Generation Company Limited, Maharashtra State Electricity Transmission Company Limited, and Maharashtra State Electricity Distribution Company Limited. Under this, […]
The Reserve Bank of India (RBI) decreased its repo interest rate by 25 basis points to 6.50 per cent, bringing it to a five-year low. The repo rate is the rate at which the central […]
The Ministry of Urban Development has released the list of the first batch of cities selected to be developed as smart cities under the Smart Cities Mission. In the first batch, 20 cities out of […]
The government held its first meeting for the setting up of the proposed National Investment and Infrastructure Fund (NIIF). As a part of the meeting, the broad roadmap for future activities of the fund was […]
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