Thursday, Feb 23st 2017 | Time 14:52 Hrs(IST)
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  • Tiruppur housewife wins Rs One lakh under Lucky GrahakYojana
  • POA demands apology from MLA
  • JD (U) MLA Mewalal Choudhary suspended
  • Ajay Singh made MP Leader of Oppn
  • T-JAC leaders to petition Pranab on state problems
  • BJP not pressurised Hydrocarbon project against people: Pon Radhakrishnan
  • T-TDP presents memo to Guv
  • Seven footboard travellers fall from moving EMU train, three killed
  • Former Mayor of NMC lost
  • DSPORT to live telecast Honda LPGA Thailand Golf tournament
  • Soldiers martyred in Shopian ambush identified
  • Vice chairman of People's Insurance Group of China under investigation
  • Reference rate fixed at 66.8351 against USD
  • RBI to conduct 4 day Variable Rate Reverse Repo Auctions for Rs 50,000 crore today
  • Leading position of 10 Municipal Corporations
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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
UP Assembly polls: 16 pc polling till 1000 hrs, violence in Mahoba injures five

UP Assembly polls: 16 pc polling till 1000 hrs, violence in Mahoba injures five

Lucknow, Feb 23 (UNI) Amid violence in Mahoba in Bundelkhand region, an estimated 16 per cent voter turnout was recorded till 1000 hrs in 53 Assembly seats of the Uttar Pradesh where polling is underway in the fourth phase today.

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23 Feb 2017 | 12:35 PM
BJP, Shiv Sena in jubilant mood over victories in Maharashtra local body polls

BJP, Shiv Sena in jubilant mood over victories in Maharashtra local body polls

New Delhi, Feb 23 (UNI) The Shiv Sena and BJP leaders in Mumbai and also in the national capital were in jubilant mood today after Uddhav Thackeray-led outfit and the saffron party - though contesting separately - notched convincing leads in crucial civic body polls in the metropolis and other key cities across Maharashtra.

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23 Feb 2017 | 2:12 PM

Seven killed in Lahore blast

Islamabad, Feb 23 (UNI) At least seven people were killed and 15 others injured as blast rocked Lahore's commercial area, local media said today.

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23 Feb 2017 | 1:42 PM
3 soldiers, woman killed in militant ambush in Kashmir

3 soldiers, woman killed in militant ambush in Kashmir

Srinagar, Feb 23 (UNI) Three Army personnel and a woman were killed and three soldiers injured in a militant ambush in the wee hours in south Kashmir district of Shopian, a police spokesman said.

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23 Feb 2017 | 12:06 PM
PM to unveil 112-foot statue of Shiva in TN

PM to unveil 112-foot statue of Shiva in TN

Coimbatore, Feb 23(UNI) Prime Minister Narendra Modi will unveil the 112 feet statue of Shiva known as ‘Adiyogi’ on Mahashivaratri tomorrow.

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23 Feb 2017 | 11:58 AM
Govt directs NAFED to procure pulses directly from farmers

Govt directs NAFED to procure pulses directly from farmers

New Delhi, Feb 23 (UNI) In order to provide remunerative prices to farmers for their produce, the Government has directed National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) to procure pulses directly from the farmers.

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23 Feb 2017 | 2:45 PM
Iraqi security forces storm Mosul airport

Iraqi security forces storm Mosul airport

BAGHDAD, Feb 23 (Reuters) - US-backed Iraqi security forces closing in on the Islamic State-held western half of Mosul stormed the city's main airport and a nearby military base today, state television said.

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23 Feb 2017 | 12:19 PM
India's satellite launch wins accolades from international media

India's satellite launch wins accolades from international media

15 Feb 2017 | 10:02 PM

New Delhi, Feb 15 (UNI) India today carved out a niche in annals of space science by successfully launching 104 satellites on a single mission, overtaking the previous record of 37 satellites launched by Russia in 2014 and winning accolades from the international community and the global media.

TransferWise launches international money transfers via Facebook

TransferWise launches international money transfers via Facebook

21 Feb 2017 | 12:57 PM

By Anna Irrera NEW YORK, Feb 21 (Reuters) Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc's chat application, as competition in the digital payments landscape intensifies.

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