India within striking distance of attaining positive growth: RBI
24 Janvier, 2021, 17:27 | Auteur: Auguste Feret
Barring a second COVID-19 wave, the worst is over for the economy and policymakers may soon have more room to support a recovery, the Reserve Bank of India recently said.
"In view of the recent stress in the sector, it has become imperative to reexamine the suitability of this regulatory approach, especially when failure of an extremely large NBFC can precipitate systemic risks", said the paper by the Reserve Bank of India (RBI).
It pointed out: "What will 2021 look like?"
On January 16, India launched the biggest vaccination drive in the world, backed by its comparative advantage of having the largest vaccine manufacturing capacity in the world and a rich experience of mass inoculation drives against polio and measles.
While NBFCs are under RBI's regulation since 1964, the central bank introduced a comprehensive regulatory framework for the systemically important NBFCs in 2006, which was further refined in 2014.
Once identified as NBFC-UL, the NBFC will be advised individually about its classification as a NBFC-UL and that it will be subjected to regulation akin to banks, the RBI said.
Chinese mainland reports 80 new COVID-19 cases
Globally, the virus has killed more than two million people, infected tens of millions of others and hammered economies. Now, the activity on the streets attests to an impressive rebound, but some say it remains incomplete.
E-commerce and digital technologies will likely be the bright spots in India's recovery in a world in which there will be rebounds for sure, but pre-pandemic levels of output and employment are a long way off, they said.
The recent shifts in the macroeconomic landscape in India has brightened the outlook, with GDP "in striking distance of attaining positive territory", and inflation easing closer to the target.
"Cost of compliance to rules and regulations should be perceived as an investment as any inadequacy in this regard will prove to be detrimental", RBI Governor Shaktikanta Das had said in a speech last Saturday referring to increased regulation in recent years for banks and shadow lenders.
"After considering the bank's reply to the notice and oral submissions made in the personal hearing, RBI concluded that the charge of non-compliance with aforesaid RBI directions was substantiated and warranted imposition of monetary penalty", the statement said. "Harnessing the synergies by transforming low-value semi-processed agri products through food processing would not only improve productivity, but also boost India's competitiveness", the bulletin pointed out.
The article, however, had a message for finance minister Nirmala Sitharaman who is set to present the budget on February 1.
The RBI had issued new Rs 100 notes in lavender colour with the motif of "Rani ki vav" - a stepwell located on the banks of Saraswati river in Gujarat's Patan.
It has experienced a enormous development over the past one year and has now become uncontrollable beyond our capacities. The mobile health units will provide up to 200 additional hospital beds and free up space for people who need ICU care.
While Oxford-AstraZeneca's Covishield is being manufactured by the Serum Institute, Covaxin is being produced by Bharat Biotech. Contractual supplies are also being undertaken to Saudi Arabia, South Africa, Brazil, Morocco, Bangladesh and Myanmar.
But they could not turn the tide and Villa nearly made it 3-0 instead, only a fine save by Darlow denying Trezeguet. Newcastle, who are 15th in the Premier League , are on a nine-match winless run in all competitions.
He referred to the decision as "ordinary", a word often used in Australian English to describe something as poor or sub-par. CA also announced this week three BBL clubs would wear Indigenous-inspired uniforms in matches on January 23, 25 and 26.
The rescued miner was found in a section closer to the surface than the section where the first group are located, CCTV reported. They have been trapped since an explosion closed the entrance tunnel to the Hushan gold mine in Shandong province on 10 January.
McGregor , a former two-division world champion, last competed at UFC 246 in Janaury 2020, thrashing Donald Cerrone in 40 seconds. As for Poirier, after the loss to McGregor, he put together a record of 10-2-1 NC over the course of his next 13 fights.
Please incorporate a slew of factors while crafting your own side with this article serving as a guide to the match and players. Aaron Finch (Price 10.5), Sean Marsh (Price 9.5), and McKenzie Harvey (Price 8) The Melbourne Renegades will have our batsmen .
Sousa said he tested positive for COVID-19 before his departure but has since returned a negative test and is asymptomatic. As a five-time runner-up of the Australian Open , Murray was awarded a wildcard for this year's competition.
Previous NBC Sports Network Will Come To An End By 2022
NBC plans to shut down its NBC Sports Network by the end of the year according to a report from the Sports Business Journal . Premier League deals are usually for three years, but NBC secured a six-year package in 2015 by paying almost $1 billion.
Amanda Gorman, l'ambitieuse poétesse qui a bluffé l'Amérique
Poète dans l'âme, Amanda avait été désignée Poétesse lauréate junior de la ville de Los Angeles en 2014 alors âgé de 16 ans. Brillante, elle rejoint les bancs de Harvard où elle étudie la sociologie, sans perdre de vue son goût pour la poésie.
Scottish leader vows to hold 'legal' independence vote
She added if there was a vote on Irish unity, the arguments for the union are "rational, logical, and they will win through". She said most people in Northern Ireland wanted politicians to "settle down" and deal with the pandemic.
Michael Owen predicts Cheltenham Town v Man City
It was Phil Foden who helped change the game, though, with his equaliser sparking a comeback in the closing stages. But Cheltenham were far from overwhelmed and posed plenty of problems at the other end with their direct style.