Tuesday, Nov 21 2017 | Time 21:02 Hrs(IST)
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  • Odisha to set up eight new Trauma Centres
  • Truck bomb in northern Iraq kills at least 23
  • Winter Session of Jharkhand Assembly from Dec 12-15
  • Somaliland picks ruling party's candidate as new president
  • After U'N' veto, Russia moves against chemical weapons watchdog
  • Shillong Press Club, Meghalaya Editors’ and Publishers’ Association condemns killing of Tripura journo
  • 11 Girls selected for grand finale of Andaman Beauty Pageant 2017
  • IndianOil and PGTI announce 18th edition of IndianOil SERVO Masters Golf
  • Meghalaya Election dept seeks pol' parties to enroll over 1'08 lakh left-out voters
  • Software implemented to detect dual voters in Meghalaya
  • Omar calls ATFI chief ‘idiot’ for offering bounty to cut Farooq's tongue
  • IAF chief reviews security scenario in NE states
  • Haryana hikes pension to WW II veterans, their widows
  • President inaugurates Sangai Tourism festival
  • Assam CM requests Bangladesh Aviation minister for Guwahati-Dhaka flights
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China central bank says to tighten oversight of company debt, bank assets

BEIJING, Feb 17 (Reuters) China's central bank said today it plans to tighten up its oversight in a range of areas including corporate debt and bank assets, as policymakers fret over fast-rising leverage and the risk of asset bubbles in the rapidly growing economy.
The People's Bank of China (PBOC) also said it will keep the yuan currency basically stable while maintaining a prudent and neutral monetary policy.
"We will increase monitoring of corporate debt risk, bank asset quality and liquidity, abnormal stock market fluctuations, use of insurance funds, property bubble risks...and cross-border capital flows," the central bank said in its fourth-quarter monetary policy implementation report.
China has relied on rapidly increasing credit to fuel economic growth in recent years, but policymakers have begun to point to the threat of asset bubbles forming.
Home prices rose rapidly in many Chinese cities last year, leading to new restrictions on purchases and lending in dozens of cities since October.
The central bank said on Friday that China should restrict lending for property market speculation and build a long-term mechanism for the healthy development of the housing market.
Top leaders in December vowed to focus on controlling financial risks this year, and the central bank has moved to a tightening bias in recent months, including raising the rate on the unofficial policy rate on Feb. 3.
The PBOC on Friday also said it will increase two-way flexibility of the yuan while keeping the currency basically stable.
China's yuan fell 6.5 percent last year against the dollar and is expected to weaken further this year, as policymakers respond with tighter restrictions on capital outflows
Reuters CJ PR1951
Top News
Jawan killed, 2 injured in encounter in north Kashmir

Jawan killed, 2 injured in encounter in north Kashmir

Srinagar, Nov 21 (UNI) An Army jawan was killed, while two others were injured in an encounter with militants in north Kashmir district of Kupwara, where three Pakistani ultras of Lashkher-e-Toiba (LeT) were gunned down early on Tuesday morning.

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Submissions in AAP govt, Centre turf war to continue in apex court on Wednesday

Submissions in AAP govt, Centre turf war to continue in apex court on Wednesday

New Delhi, Nov 21 (UNI) Arguments of the Union of India in connection with the power tussle between the Lieutenant-Governor and the Delhi government will continue tomorrow in the Supreme Court.

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Govt mulling to bring in legislation on Triple Talaq in Winter Session

Govt mulling to bring in legislation on Triple Talaq in Winter Session

New Delhi, Nov 21 (UNI) The Government is proposing to bring in a legislation in the coming winter session of Parliament for implementing the Supreme Court order banning the Triple Talaq.

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Accused bus conductor granted bail in Pradyuman murder case

Accused bus conductor granted bail in Pradyuman murder case

Gurugram, Nov 21(UNI) The District Court Gurugram on Tuesday granted bail to Ashok Kumar, the bus conductor accused in the Ryan School student Pradyuman Thakur murder case, stating that the Central Bureau of Investigation did not submit any evidence against him so far.

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Modi is certainly a 'creator' of a new India: BJP

Modi is certainly a 'creator' of a new India: BJP

New Delhi, Nov 21 (UNI) Joining issue with senior Congress leader Mallikarjun Kharge for his "Brahma (creator)" jibe on the Prime Minister, the BJP on Tuesday asserted that Mr Modi is certainly a 'creator' - he is truly maker of a "new India".

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Cong & Patidaars creates more challenge for BJP: Shatrughan

Cong & Patidaars creates more challenge for BJP: Shatrughan

New Delhi, Nov 21 (UNI) BJP leader and Bollywood actor Shatrughan Sinha on Tuesday said the coming together of the Congress and the Patidaars in Gujarat posed a greater challenge for the BJP in the state assembly elections.

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Fish production rises 18.9%: Radha Mohan

Fish production rises 18.9%: Radha Mohan

New Delhi, Nov 21 (UNI) Overall fish production has registered an increase of about 18 point 86 per cent in comparison to the last three years, whereas inland fish production has registered a growth of more than 26 per cent, Union Agriculture and Farmer Welfare Minister Radha Mohan Singh said here on Tuesday.

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