News for 13-10-2018

Here are the major News for 13-10-2018 compiled from various sources, simply click on the given link to read the respective news item. Please feel free to add your comments to indulge into meaningful discussions and debates on the topics:

News for the day: What’s it about Relevant for:
The Hindu:
Inflation up, Industrial Output Slows Consumer Price Inflation (CPI) increased from 3.69% in August to 3.77% in September, with inflation increasing in all except clothing and footwear and consumer durable segment. Inflation, Economy, DA
Overhaul GDP norms: MPs Report of Estimates Committee of Parliament pointed a need in change of measurement of GDP as the present ways does not take into consideration the aspects like: Depletion of natural resources, contributions of women, Happiness index, impact of technological advances on growth, etc. Economic Growth, GDP, Economic Development
India wins election for UNHRC India was elected to UNHRC for a three year term for period 2019-2022. Foreign Relations, International Trade, UNO
Bank Cashier Shot Dead A Cashier was shot dead and a guard injured in a robbery at Corporation bank in Dwarka where robbers took away Rs. 3.16 lakhs Banking, Corporation Bank, Bankers
Bandhan Bank gets exemption Bandhan bank got an exemption from SEBI on one-year lock-in period for selling shares by promoters. Earlier, RBI had imposed a restrain on the bank from opening new branches and also froze the remuneration of the CEO Mr. Chandra Shekhar Ghosh for not meeting licensing conditions. Banking, Indian Economy, SEBI, Bandhan Bank
Business Standard:
Biggest gain for markets in 2 years: Sensex, NIFTY end over 2% higher With improved investor sentiment the stock market improved it’s position to end about 2% higher than the previous day. Economy, Stock Market, Sensex, NIFTY
Banks under PCA witnessing a turnaround: RBI Deputy Governor RBI Deputy Governor Viral Acharaya pointed that as a result of RBI’s preventive measures, the Banks under PCA are witnessing a turnaround. Presently there are 11 Public Sector Banks and One Private Bank (Dhanlaxmi bank) under PCA. RBI, Banking, Banks, PCA, Indian Economy

 

Articles you might like to read What’s it about Relevant for:
The Hindu:
As the Rupee spins downwards

[The Hindu]

The author gives an insight into the macro-economic problems facing India and the attemps of the Government and the RBI to tackle the same. Indian Economy, GST, Taxation

Enjoy Reading!!

regards

Banker Forum!!

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