Page-22 of Finance

Asian Infrastructure Investment Bank (AIIB) approves an equity investment in National Investment & Infrastructure Fund (NIIF) of India

On June 24, the Asian Infrastructure Investment Bank (AIIB) has approved a $200 million equity investment into the National Investment & Infrastructure Fund (NIIF) of India and the first tranche of $100 million has already been approved by the bank’s ..

India to host 3rd annual meeting of Asian Infrastructure Investment Bank (AIIB)

India will host the 3rd annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Mumbai on June 25-26, 2018. It will be jointly hosted by the Department of Economic Affairs (DEA) and AIIB. The theme for 2018 meeting is ..

IRDAI constitutes Suresh Mathur Committee to review regulations governing Insurance Marketing Firms (IMF)

The Insurance Regulatory and Development Authority (IRDAI) has set up a 10-member committee to review norms related to Insurance Marketing Firms (IMF) with an aim to increase insurance penetration in the country. The committee, headed by Suresh Mathur (ED-IMF, IRDAI), ..

Reserve Bank of India (RBI) hikes key policy repo rate by 25 basis points

On June 6, the 6-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) hiked the key policy repo rate by 25 basis points to 6.25% in its second bi-monthly monetary policy review of FY19. Concurrently, the reverse ..

RBI to set up Public Credit Registry (PCR) to check loan defaults

In a bid to check loan defaults, the Reserve Bank of India (RBI) has considered the recommendations of YM Deosthalee-headed High Level Task Force and will set up a Public Credit Registry (PCR) in a modular and phased manner. The ..

Latest report of Moody’s Investors Service projects GDP growth forecast to 7.3% in 2018

The latest report of Moody’s Investors Service has cut India’s GDP growth forecast to 7.3% in 2018 from the previous estimate of 7.5% due to higher oil prices and tighter financial conditions. However, Moody’s maintained its 2019 growth forecast at ..