In Other News
Post offices to be linked to bank network, ATMs
The minister also announced setting up 75 digital banking units (DBUs) in 75 districts by scheduled commercial banks
RBI’s 77 tonne gold buy is 2nd highest
RBI's gold reserves stood at 676.6 tonnes at the end of 2020, which probably has now gone up to 753 tonne
Trade pacts junk labour provisions
The ILO Centenary Declaration for the Future of Work (2019) calls for countries to place decent work as a central objective of trade policy
NCLAT asks CoC to consider 63 Moons appeal in DHFL resolution
63 Moons said the CoC has to reconsider the provision of Sec 66 of IBC, which mandates that the benefit should go to all the DHFL creditors
Most Indians want tax on the rich, top firms
As high as 89 per cent of the respondents also want the government to impose fines on pvt companies that do not fulfil environmental norms
FDI inflow dips 26% in 2021: Unctad
The decline in FDI in 2021 was mainly because large mergers and acquisitions (M&A) deals recorded in 2020 were not repeated last year
Insurers tighten rules, raise rates
Data from the IRDA of India shows the death claims from both individual and group policies combined rose by 41 per cent to Rs 41,451 crore
NCLAT issues notices to CCI, Future Coupons on Amazon plea
The appellate tribunal admitted the petition filed by Amazon challenging the CCI order
Gold may brave headwinds as a risk-hedge: WGC
Inflation will remain high, partly stemming from the unprecedented monetary and fiscal policies put in place to alleviate effects of Covid
SBI raises $300 mn via Formosa bonds
The bond is benchmarked against the 5-year US treasury and priced at a spread of 100 basis points over the benchmark