growth by drastically reducing its heavy weightage in the formula used for resource allocation to

representative, expanding the number of industries, sample size and the weightage of industries.... The index

weightage during evaluation of the proposal in a transparent and fair manner, through a Quality cum Cost

The Reserve Bank of India has revised the methodology for designating a bank as a Domestic Systemically Important Bank( D-SIB) by incorporating digital payments, value as well as volumes, under the substitutability indicator in the assessment.... Click here to follow our WhatsApp channel The computation of systemic importance scores, based on the end-March data of all the banks in the sample, will be done annually in August-October.... The names of the banks classified as D-SIBs will be disclo

The finance ministry has initiated reforms in public procurement and project management to execute projects and provide payments to the micro, small and medium enterprises( MSMEs) on time. Finance secretary on Friday released revised guidelines, which outline innovative rules for this.... Also, new innovations must be utilised for increasing value-for-money of the taxpayer, ” the ministry added.... Timely release of ad hoc payments( 70 per cent or more of bills raised) is expected to improve l

ISLAMABAD: PML-N secretary general Ahsan Iqbal on Tuesday moved the Islamabad High Court( IHC) challenging an accountability court’s decision to reject his plea for quashing a National Accountability Bureau( NAB) reference against him over the alleged misuse of power as a former planning and development minister. The accountability court had dismissed Mr Iqbal’s petition on February 22.In the reference filed in November 2020, the anti-graft watchdog had accused the former minister of misusing au

Morgan Stanley has downgraded domestic equities from ‘overweight’( OW) to ‘equalweight’( EW) and recommended taking some money off the table.“ We move tactically EW on India equities after strong relative gains.... We expect a structural multi-year earnings recovery, but at 24 times forward( P/ E) we look for some consolidation ahead of Fed tapering, an RBI hike in February and higher energy costs, ” Morgan Stanley equity strategist led by Daniel Blake and Jonathan Garner have said in a note on

PETALING JAYA: The plantation sector is likely to see record earnings for the January to March quarter as crude palm oil( CPO) prices stay elevated. Prices are likely to average between RM4, 000 and RM4, 500 per tonne this year before declining in 2023 to average between RM3, 500 and RM4, 000 per tonne, according to Kenanga Research.“ Be prepared to see record quarterly earnings for the January to March quarter and we expect the CPO prices to stay higher and longer than we had anticipated a few

The insurance regulator has sought to align the tenure of MDCEO and whole-time directors( WTDs) of insurance companies with the Reserve Bank of India( RBI) stipulation in this regard.... In the exposure draft the regulator has said that the post of MDCEO, or WTDs cannot be held by an incumbent for more than 15 years.... Also, if the MDCEO, or WTD is a promoter or a major shareholder( holding more than 5 per cent) of the insurance company then he cannot hold those posts beyond 12 years....

In January 2022, the State Bank of Pakistan( SBP) announced that in line with its objective of financial inclusion and digitising financial transactions it would, in the first cohort, approve five digital banking licenses.... Regulatory frameworks for digital banks, also known as neo banks or challenger banks, have been propagated in a handful of countries globally; hence, once again the Pakistani regulator is leading from the front.... In 2001, it created a special license category for microf