Mumbai: The Indian rupee Tuesday lost another 18 paise to close at 69.60 against the US dollar, marking its third straight session of decline owing to sustained demand for the greenback from importers and rising global crude oil prices.
In the 2nd meeting of the 15th Finance Commission with it, the NITI Aayog recently put forth suggestions for the 15th Finance Commission and made a case for award of Performance Based Grants for States /Sectors.
Shipments hit on 7% cut in incentives
NEW DELHI: Banks must reflect defaults of Infrastructure Leasing & Financial Services Group companies as non-performing assets in their accounts, the Reserve Bank of India said in a submission to the National Company Law Appellate Tribunal, seeking a modification of its previous order.
MUMBAI: The RBI governor's suggestion of the need to challenge the conventional practice of small rate changes in multiples of 25 bps and instead the size of the rate change could vary to indicate the policy stance signifies RBI's intent to use communication as a policy tool instead of a vehicle of communication, according to a State Bank of IndiaNSE 0.05 % report.
Taking a cue from the Centre, the Uttar Pradesh government is mulling mandating 25% procurement by state government departments and public sector undertakings (PSU) from the local micro, small and medium enterprises (MSMEs).