-Press release by Centre for Science and Environment, dated 17 December, 2019 Levels of salt, fat in junk foods way higher than proposed thresholds, says new CSE lab study Points out that industry is opposing notification of draft regulation because then we will know how bad their food is Expert group made recommendations six years ago, but the draft regulation that has emerged is severely diluted -- even this much-diluted draft...
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Wholesale inflation tames to 0.58 per cent
-The Hindu Business Line Consumers bore brunt of more expensive onion, potato and vegetables Wholesale inflation fell to 0.58 per cent in November 2019, down from 4.47 per cent in November 2018. Sequentially, wholesale inflation reported an increase, rising from 0.16 per cent in October 2019, according to a statement by the Ministry of Commerce and industry. Please click here to read more. ...
More »SBI under-reported Rs.11,932 crore of bad loans in FY19, finds RBI report
-The Hindu SBI reports Rs.11,932 crore NPA divergence in FY19 The Reserve Bank of India's (RBI’s) inspection report has found out that State Bank of India (SBI) under-reported Rs.11,932 crore of bad loans in FY19, which has pushed the bank to report net loss for the financial year 2018-19. The divergence in net non-performing asset (NPA) was also Rs.11,932 crore, the bank informed the exchanges. According to the RBI, provision requirement for SBI increased...
More »CII suggestion to Revenue Secy: Focus on consumption, investment
-The Indian Express CII recommended adoption of an expansionary fiscal policy to allow fiscal deficit to increase by around 0.5 per cent to 0.75 per cent of GDP, which will give government additional fiscal space of Rs 1.1 lakh crore to Rs 1.6 lakh crore. In a pre-Budget consultation meeting with Revenue Secretary Ajay Bhushan Pandey, the Confederation of Indian industry (CII) shared its pre-Budget Memorandum recommendations, focusing on providing impetus...
More »Economic growth onus falls on government
-The Telegraph Hands-off RBI cuts forecast The Reserve Bank of India’s policymakers shocked economists, industry and the Street by deciding to hit the pause button on interest rate cuts after five downward revisions this year. The six-member monetary policy committee (MPC) of the central bank also slashed its growth forecast for this financial year to 5 per cent from 6.1 per cent at the October meeting. The decision to retain the policy rate —...
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