The Reserve Bank of India (RBI) will merge three of its departments and undertake lateral recruitment of consultants as part of a functional revamp aimed at improving efficiency in the area of banking supervision, one of the key roles of the apex lender.
The Reserve Bank of India is said to be reviewing small financeNSE -0.63 % banks’ capital and holding structure and may come up with a pari-passu arrangement for all lenders.
The goods and services tax (GST) will require attention from the new government that comes in later this week. First, GST must improve its coverage. Today, real estate and electricity are outside its ambit.
Vice President M. Venkaiah Naidu aid that India has emerged as an attractive destination for global investors and asked educational institutions to maintain high standards and foster academic excellence.
The Fifteenth Finance Commission headed by Chairman N.K. Singh on Tuesday held a meeting with the Ministry of Electronics and Information Technology (MeitY) on “Harnessing India’s Digital Opportunity”.
In a report submitted to the Oil Ministry on Tuesday, a high level committee has recommended short term, medium term and long term strategies to reduce import dependency of the nation.