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ECONOMY NEWS

Headlines:

Indian stocks edge higher in lackluster trade; ITC up 3%

Govt taking steps to reduce patent examination time: Min  -   28/04/2017 10:56
T he Indian Government has said that it is taking steps, including hiring more manpower, to reduce the patent application examination time to 18 months by March next year. As per reports, at present, it takes about 48 months for the first stage of examination of a patent application. Commenting on the issue, Commerce and Industry Minister Nirmala Sitharaman told the media, “The ministry is cont...
Govt to resolve NPA issue very soon: Minister  -   28/04/2017 10:28
T he Indian Government has said that it is not worried about the huge load of bad loans of public sector banks and a likely solution will be worked out soon. The Government also assured that the issue of NPAs would be resolved very soon. Commenting on the issue, Union minister Santosh Kumar Gangwar told the media, "Non-performing assets (NPAs) are not a subject to worry about too much. I think we wil...
Indian markets to outperform its EM peers: Deutsche Bank  -   28/04/2017 10:26
A report has said that the Government expenditure is likely to accelerate over the next two years and the Indian equity markets are expected to outperform its emerging market peers driven by pro-growth government policies. According to Deutsche Bank's India Equity Strategy Report, the final two years of every national government since the Narasimha Rao administration in 1991, have thrown up some very...
Govt deliberating on fiscal year change  -   28/04/2017 00:13
G overnment is deliberating on a possible change in financial year to January-December from April-March at present and a decision would be taken after a "cost-benefit" analysis, a top finance ministry official said according to the PTI report. Prime Minister Narendra Modi had in the NITI Aayog Governing Council meet earlier in the week urged the states to take initiative to shift to a new fiscal year....
Risk management: RBI asks banks to frame policy on CRO  -   28/04/2017 00:07
T he Reserve Bank has asked banks to lay down a policy defining responsibilites and fixed tenure of the chief risk officer as it seeks to bring uniformity in risk management system of lenders, reported PTI. As part of effective risk management, banks are required to have a system of separation of credit risk management function from the credit sanction process. "However, it is observed that the banks f...
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