Need to support economic revival, financial stability: RBI Governor
The regulated entities on their part need to strengthen their internal defences to identify emerging risks early and manage them effectively.
PTI, Chennai
PUBLISHED ON JAN 16, 2021 02:23 PM IST
RBI Governor Shaktikanta Das on Saturday said the financial stability is a public good, and its resilience and robustness need to be preserved and nurtured by all stakeholders.
Delivering the 39th Nani Palkhivala memorial lecture through a virtual platform, he said the central bank has directed its policy efforts to put in place a state-of-the-art national payments infrastructure, ensuring safe, secure, efficient and cost-effective robust payments ecosystem.
The Reserve Bank of India is positioning itself to provide an enabling environment where regulated entities are catalysed to exploit these new avenues while maintaining and preserving financial stability, he said.
The regulated entities on their part need to strengthen their internal defences to identify emerging risks early and manage them effectively, Das added.
"Financial stability is a public good and its resilience and robustness need to be preserved and nurtured by all stakeholders. We need to support economic revival and growth, we need to preserve financial stability," he said.
Industry captains seek ease of Karnataka curbs on iron ore export and sale
By Sharan Poovanna, Hindustan Times, Bengaluru
PUBLISHED ON MAR 04, 2021 10:15 AM IST
- FIMI said the restrictions had resulted in artificial oversupply of iron ore, leaving large quantities unsold and huge stockpiles in the mines.
Sensex dives 726 points in early trade tracking global sell-offs
Posted by Prashasti Singh | PTI, Mumbai
UPDATED ON MAR 04, 2021 10:09 AM IST
The 30-share Sensex was trading at 50,718.36, showing a fall of 726.29 points or 1.41 per cent.
RBI to conduct simultaneous purchase, sale of securities for ₹15,000 crore
By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 08:59 AM IST
The decision for the purchase and sale of the securities was taken after a review of current liquidity and financial conditions.
OPEC+ silence has oil market second-guessing next supply move
Posted by Prashasti Singh | Bloomberg
PUBLISHED ON MAR 04, 2021 06:17 AM IST
Saudi Arabia and Russia, leaders of group, held bilateral talks on Wednesday, seeking common ground as Riyadh urges caution and Moscow presses to raise output, a delegate said.
Disney to shut 60 North American stores, 20% of global total
Posted by Prashasti Singh | Bloomberg
UPDATED ON MAR 04, 2021 05:48 AM IST
The company has about 300 Disney stores now, a number that has shrunk dramatically over the years as the world’s largest entertainment company experimented with different ways to get its merchandise to fans.
25 courses by Indian varsities in top 100
By Prashant K Nanda, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 02:09 AM IST
- Indian Institute of Science in Bangalore retained its ranks for Materials Science (78th) and Chemistry (93rd).
Infy, Accenture to cover jab cost for Indian staff
Reuters, Bengaluru
PUBLISHED ON MAR 04, 2021 12:21 AM IST
- India’s vaccination campaign ramped up on Monday, with people above the age of 60, and individuals 45 or older suffering from certain medical conditions, now eligible for shots.
Google looks to test interest-based user tracking
By Saumya Tewari, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 12:17 AM IST
- The company, which relies heavily on digital advertising using user data, said it will not track individual-level data such as personally identifiable information (PII) graphs based on people’s email addresses.
Services expand at fastest rate in a year in Feb
By Asit Ranjan Mishra, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 12:10 AM IST
- In comparison, PMI for the manufacturing sector had fallen marginally to 57.5 in February from 57.7 a month ago, data released on Monday showed.
GST Council to fix inverted duty anomaly soon
By Rajeev Jayaswal, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 12:03 AM IST
- The Council is expected to meet this month, but a date is yet to be finalized, the first person said.
Jet owner must apply for fresh airport slots, say authorities
By Rhik Kundu, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 11:56 PM IST
- Lawyers representing the consortium had earlier insisted that DGCA and the aviation ministry must follow the principle of historicity and grant slots to the revived Jet Airways.
Maruti targets record production
By Malayaban Ghosh, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 11:50 PM IST
- The Suzuki Motor Corp. unit has told its suppliers about its strategies, asking them to ramp up production, the people cited above said on condition of anonymity.
Stocks soar over 2% on global rally amid growing optimism
By Nasrin Sultana, Ashwin Ramarathinam, Hindustan Times, Mumbai
PUBLISHED ON MAR 03, 2021 11:49 PM IST
- The BSE Sensex gained 1,147.76 points or 2.28% to end at 51,444.65, while the Nifty surged 326.50 points or 2.19% to close at 15,245.60
Salaried class shrank in FY20
By Gireesh Chandra Prasad, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 11:45 PM IST
- For those filing returns for FY20 in form ITR-1—people with income from salaries, one house property and farm income up to ₹5,000—the last date for filing was January 10, 2021.
Bank of America says US economy is hurt by a lack of workforce diversity
Bloomberg
PUBLISHED ON MAR 03, 2021 11:13 PM IST
“Rule 101 of investing is to diversify investment capital to maximize returns, so why don‘t we do the same with human capital?” an analyst said in a report.