[ad_1]
Rupee-rouble take care of Russia doubtless to be fortified after SWIFT freeze
The central authorities is planning to strengthen the rupee-rouble trade association with Russia after the European Union, the US, and different Western companions determined to reduce off a number of Russian banks from the worldwide Society for Worldwide Interbank Financial Telecommunication (SWIFT) fee system. SWIFT is a safe messaging system that facilitates fast cross-border funds and is the principal mechanism for financing worldwide trade. Read extra
NPS to embrace assured returns; new merchandise doubtless to are available August
Amid a debate on the pension techniques, outdated and new, the sector regulator is probably going to permit minimal assured-return merchandise round August. The Pension Fund Regulatory and Development Authority (PFRDA) has appointed E&Y Actuarial Services LLP to design the scheme beneath the New Pension Scheme (NPS). Read extra
FDI in IPO-bound LIC doubtless to open up contemporary scope for disinvestment
Allowing overseas direct funding (FDI) of up to 20 per cent in Life Insurance Corporation of India (LIC) may open up divestment alternatives in different “bodies corporate” within the authorities similar to National Highways Authority of India (NHAI) and Airports Authority of India (AAI), which aren’t registered as firms. The Union Cabinet on Saturday amended the FDI coverage forward of the big-ticket LIC IPO scheduled for March as the present coverage solely allowed FDI in Indian firms and never our bodies company. Read extra
Freight rates may see extra hike in India amid Russia-Ukraine disaster
The invasion of Russian forces into Ukraine has triggered panic amongst Indian exporters, coming because it does after over a yr of excessive freight rates and container shortages. Freight rates to a number of ports in India had jumped eight to tenfold final yr and are already on a rise within the final one week. Read extra
Review of RERA guidelines doubtless to save dwelling patrons from errant builders
If homebuyers are compelled to do much more intensive due diligence for an under-construction undertaking than earlier, one cause is that states have diluted the 2016 Real Estate (Regulation & Development) Act or RERA, permitting builders to flout the foundations.
With every state having diluted the foundations otherwise, the duty has change into much more complicated for dwelling patrons. This is why the Supreme Court lately requested the Ministry of Housing and Urban Affairs to undertake a detailed scrutiny of RERA guidelines in each state. Read extra
Dear Reader,
Business Standard has at all times strived arduous to present up-to-date info and commentary on developments which might be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how to enhance our providing have solely made our resolve and dedication to these beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to retaining you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nonetheless, have a request.
As we battle the financial impression of the pandemic, we’d like your assist much more, in order that we will proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. More subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We imagine in free, truthful and credible journalism. Your assist via extra subscriptions can assist us practise the journalism to which we’re dedicated.
Support high quality journalism and subscribe to Business Standard.
Digital Editor
[ad_2]