To encourage young entrepreneurs to raise capital from the market, which has seen decline in such activity, regulator Sebi is planning to shortly come out with the guidelines for crowd-funding. CONTEXT Crowd-funding typically involves young entrepreneurs and small groups of…
World Trade to grow by 4.7 percent in 2014: WTO
Global commerce is set to grow by 4.7 percent this year, in its annual report, the Geneva-based World Trade Organization said on Monday, as a recovery in rich economies is expected to help balance out risks in developing nations. The figures reflect…
EXPORTS DECLINED IN MARCH
India’s exports declined 3.15% in March, limiting the growth rate for 2013-14 to about 4% and falling short of the annual target by about $13 billion even as the trade deficit improved on shrinking gold imports. According to exporters, outbound…
RBI GIVES BANKING LICENCE TO IDFC, BANDHAN FINANCIAL
The Reserve Bank of India (RBI) has decided to grant “in-principle” approval to two applicants viz., IDFC Limited and Bandhan Financial Services Private Limited, to set up banks under the Guidelines on Licensing of New Banks in the Private Sector…
RBI ANNOUNCED BI MONTHLY MONETARY POLICY
The Reserve Bank of India( RBI), in its first bi-monthly monetary policy statement, left the short-term lending rates, or repo rate, unchanged at 8 per cent and the cash reserve ratio static at 4 per cent. Hence, the MSF rate…
JOSHNA CHINAPPA WON RICHMOND OPEN
Joshna Chinappa of India ended a career-long losing run to Australia’s former world champion Rachael Grinham when she upset the top seed in straight games to win the inaugural $10,000 Richmond Open here. World No.21 Chinappa beat her 16th-ranked…
CAG EMPOWERED TO EXAMINE ACCOUNTS OF PRIVATE TELCOME COMPANIES: SUPREME COURT
In a judgement with far-reaching consequences across various business sectors, the Supreme Court(SC) on Thursday ruled that the Comptroller and Auditor General (CAG) was empowered to examine the accounts of private telecom companies. The court held that such a scrutiny was imperative…
RUSSIAN PRESIDENT VISITED CRIMEA
Russian Prime Minister Dmitry Medvedev became the first Russian leader to visit Crimea since Moscow seized the Black Sea region from Ukraine, promising to shower economic benefits on the area to make it flourish. CONTEXT:The Crimean peninsula, the main flashpoint…