Cabinet approves two relief measures for stressed telecom sector

The Union Cabinet has approved two key measures in telecom sector to facilitate investments, consolidation in the sector and enhancing ease of doing business. These include restructuring Deferred payment liabilities of spectrum auction of telecom service providers (TSPs). Revising the limit of the cap for spectrum holding for TSPs. Key Facts Restructuring of Deferred Payment ..

Month: Current Affairs - March, 2018

Topics: Business • Cabinet Decisions • Eocnomy • National • Payment Liabilities • Spectrum Cap • Stressed Assets • Telecom sector

India 12th largest overseas holder of US securities in 2017

According to recent figures compiled by US Treasury Department, India is 12th largest overseas holder of US government securities. India’s exposure to it has risen sharply to high of US $144.7 billion at end of 2017. The preliminary data from June 2017 benchmark survey of foreign portfolio holdings of US securities showed that total value ..

Month: Current Affairs - March, 2018

Topics: Business • China • Eocnomy • India • US Government Securities • US Treasury Department

4th Meeting of Economic Advisory Council to Prime Minister held in New Delhi

The 4th meeting of the Economic Advisory Council to the Prime Minister (EAC-PM) was held in New Delhi under the chairmanship of Dr BibekDebroy, Chairman, EAC-PM & Member, NITI Aayog. During the meeting, EAC-PM discussed the possible modalities of implementing National Health Scheme announced by the government in Union Budget-2018-19. Besides, presentations were also made ..

Month: Current Affairs - February, 2018

Topics: Ayushman Bharat Scheme • Business • Eocnomy • Health Sector • National • National Health Protection Scheme • PMEAC

CriSidEx: CRISIL, SIDBI launches India’s first MSE Sentiment Index

The SIDBI (Small Industries Development Bank of India) and ratings agency Crisil have launched CriSidEx, India’s first MSE Sentiment Index for micro, small and medium enterprises (MSMEs). The index will help to indicate the current state and expected outlook on the MSME sector every quarter. CriSidEx CRISIL-SIDBI MSE Sentiment Index (or CriSidEx) has been developed ..

Month: Current Affairs - February, 2018

Category: Reports & Indexes Current Affairs

Topics: Business • CriSidEx • CRISIL • Eocnomy • MSME sector • National • Sentiment Index • SIDBI • Trade

16 of 22 PSBs skip paying dividends to Government due to mounting NPAs

As many as 16 of 22 public sector banks skipped paying dividends to Government in fiscal 2015-16 due to issue of mounting bad loans. It has led to a 67% decline in government receipts to Rs. 1,444.6 crore. Only six PSBs have declared dividends, though at a lower rate for the fiscal ended March 2016. ..

Month: Current Affairs - November, 2016

Topics: Banking • Business • Eocnomy • National • NPAS • PSBs