Sunday, Jul 23 2017 | Time 16:21 Hrs(IST)
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  • Light showers cool Delhi, min drops to 26.5 deg C
  • Naveen dismisses irregularities in poll fund as false and fabricated
  • Libya eastern commander Haftar, UN-backed premier Serraj to meet in Paris Tuesday - source
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  • 14 people killed as bus veers off road in Afghanistan
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  • Snow Dew Plate-1400 M
  • Women's World Cup: Modi wishes 'Best of Luck' to women's team for finals
  • 4 persons die in vehicle accident near Dimapur
  • MLA Nienu campaigns for Dr Shurhozelie for by-poll
  • Decision to announce casino policy amounts to 'fooling people': Cong
  • Banned currency worth Rs 2.30 cr seized, five held
  • Sharp shower a precursor to heavier rain
  • Nagaland BJP thanks Zeliang for inducting 2 MLAs in Cabinet
  • Kiphire-Tuensang road of Nagaland cut off by landslide
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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
Those with evil designs will be taught befitting lessons by our soldiers if they cross the line: Naidu

Those with evil designs will be taught befitting lessons by our soldiers if they cross the line: Naidu

New Delhi, July 23 (UNI) Issuing a warning to Pakistan for aiding and abetting terror, NDA nominee for Vice Presidential poll Venkaiah Naidu today said that if those with evil designs and ulterior motives cross the line, they would be taught "befitting lessons" by our brave soldiers.

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23 Jul 2017 | 3:52 PM
Path for Ram Temple at Ayodhya will be cleared before 2019 LS polls: Sakshi

Path for Ram Temple at Ayodhya will be cleared before 2019 LS polls: Sakshi

Vrindavan, Jul 23 (UNI) Controversial BJP MP from Unnao Sakshi Maharaj has unleashed a flurry by announcing here that the NDA government will go to the 2019 Lok Sabha polls after construction work of the much awaited Ram Temple at Ayodhya.

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23 Jul 2017 | 2:42 PM
Charge sheet against Gayatri Prajapati for lodging fake cases against UP IPS officer, wife

Charge sheet against Gayatri Prajapati for lodging fake cases against UP IPS officer, wife

Lucknow, Jul 23 (UNI) Lucknow police is likely to submit charge sheet against former Uttar Pradesh minister Gayatri Prasad Prajapati in the case registered by activist Dr Nutan Thakur at Gomtinagar police station in connection with her along with her husband IPS officer Amitabh Thakur's implication in various criminal cases.

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23 Jul 2017 | 2:37 PM
Constructing  building over roads, Rly tracks-a solution to shrinking urban spaces?

Constructing building over roads, Rly tracks-a solution to shrinking urban spaces?

New Delhi, Jul 23 (UNI) Constructing building in air space over roads, railway tracks and water bodies is the out of the box solution presented before the Union Ministry of Urban development here.

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23 Jul 2017 | 2:51 PM
RERA will hit fly-by-night operators: Key Construction player

RERA will hit fly-by-night operators: Key Construction player

New Delhi, Jul 23 (UNI) Even as the newly enacted the Real Estate Regulatory Authority (RERA) Act is a path-breaking and a game changer law; the players and builders need to be cautious as many operators had to pull down their shutters once the law was enforced in Dubai.

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23 Jul 2017 | 3:24 PM
Women's World Cup: Modi wishes 'Best of Luck' to women's team for finals

Women's World Cup: Modi wishes 'Best of Luck' to women's team for finals

New Delhi, Jul 23 (UNI) Prime Minister Narendra today wished Best of Luck to Indian Women's cricket team for the finals against England at Lords.

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23 Jul 2017 | 4:16 PM
UP Assembly to continue till Tuesday; House to condole death of sitting member tomorrow

UP Assembly to continue till Tuesday; House to condole death of sitting member tomorrow

Lucknow, Jul 23 (UNI) Amid boycott by the opposition members of the budget session, Uttar Pradesh Assembly is slated to be extended for a day till Tuesday next, officials said here today adding that the Assembly would be adjourned after paying tributes to the death of the sitting member while tomorrow's agenda would be taken on Tuesday.

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23 Jul 2017 | 3:19 PM
Ill management of funds affected CMPFO members  financial health

Ill management of funds affected CMPFO members financial health

23 Jul 2017 | 10:15 AM

New Delhi, Jul 23 (UNI) Non-implementation of recommendation of the actuary led to acute deficit in Pension Fund, incorrect diversion of funds from Provident Fund (PF) account to Pension Fund account, non-adherence to the government’s guidelines for investment fund of own employees have adversely affected the financial interests of the members of the Coal Mines Provident Fund Organisation (CMPFO), the public expenditure watchdog report said.

HIV and cancer teams double up to seek out new disease killers

HIV and cancer teams double up to seek out new disease killers

22 Jul 2017 | 7:11 PM

By Kate Kelland, Health and Science Correspondent LONDON, Jul 22 (Reuters) HIV experts at an international conference starting today are keenly courting colleagues in oncology to explore whether advances in harnessing the immune system against cancer can help the search for a cure for AIDS.

JPCC celebrates 26th death anniversary of former Prime Minister Rajiv Gandhi

21 May 2017 | 6:22 PM

Ranchi, May 21 (UNI) The Jharkhand Pradesh Congress Committee today paid floral tributes to former Prime Minister Bharat Ratna late Rajiv Gandhi on his 26th death anniversary which was celebrated by the party as ‘Shahdat Diwas’.

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