In Other News
Eight firms selected for cross-border payments
RBI said Book My Forex product facilitates fully online outward cross-border remittances to bank accounts and debit/prepaid cards overseas
Covid-specific insurance plans can be sold till March 31
Corona Kavach is an indemnity plan that will cover hospitalisation expenses
Finance Minister: DFI to be operational soon
The budget had allocated Rs 20,000 crore to capitalise the Development Finance Institution
Retailers still cautious about festive season hiring
Retail stores usually hire more hands for in-store promotions and installations during the festive season
Tokenisation must from January; RBI tweaks guidelines
Tokenization is nothing but an alias for an anonymised set of characters against the original payment credential
Salary hikes to keep pre-Covid range next year
In 2019, the actual salary hike stood at 9.3 per cent and it had dipped to 6.1 per cent in 2020
Tamil Nadu to get $150 million ADB fund for housing
Tamil Nadu’s housing shortfall accounts for 6.66 per cent of the national deficit
FTAs with UAE, UK, Oz likely this fiscal
FTA negotiations with the European Union and Bangladesh also are progressing, but may take some more time for getting finalised
Huge Patent opportunity to support pharma sector
Over the next five-six years till 2026, the patented products worth $240 billion are expected to go off-patent
FM to review PSBs performance
Tuesday’s interaction would be with senior officials of the Income Tax Department at the agency's office at Bandra Kurla Complex