Page-215 of Economy & Banking Current Affairs

Proceeds from Disinvestments exceeds Target

The proceeds from the disinvestments have exceeded the disinvestment target for the fiscal 2018-19 by Rs 5,000 crore taking the total proceeds to Rs 85,000 crore against the targeted Rs 80000 Cr. Disinvestments Disinvestment refers to the process of public asset sales by the government of India. Industrial Policy provides that in order to raise resources ..

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Implementation of Indian Accounting Standards deferred by RBI

The Reserve Bank of India (RBI) has deferred the implementation of new accounting rules, Indian Accounting Standards (Ind AS) for banks till further notice. This is the second extension provided by the RBI. Earlier in April 2018, RBI had postponed the implementation of Ind AS by the banks by one year. RBI has reasoned that ..

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Pakistan to receive loan of 2.1 billion US$ from China

Pakistan will receive 2.1 billion US$ loan from China by 25th March to provide a boost to its ailing economy. Pakistan’s Finance Ministry has announced that all procedural formalities for the transfer of the loan being provided by the Chinese government have been completed, and the funds will be deposited in the State Bank of ..

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SpiceJet joins IATA

Indian low-cost airlines SpiceJet has joined the International Air Transport Association (IATA). SpiceJet is the first Indian budget carrier to join the IATA, which has over 290 airlines as members. The membership of IATA will allow SpiceJet to explore and grow its collaborations with international member airlines of IATA through interlining and code shares and also enables ..

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RBI Governor bats for Permanent Status to Finance Commission

Reserve Bank of India (RBI) governor Shaktikanta Das called for permanent status to Finance Commission.  RBI Governor Shaktikanta Das is also the member of the fifteenth finance commission. Necessity of the Permanent Status The permanent status will ensure consistencies between finance commissions so that there is some certainty in the flow of funds to states. ..

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