Monday, May 29 2017 | Time 05:37 Hrs(IST)
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  • PM Abe: Japan will take steps with US to deter NKorea
  • Lenovo's struggling mobile business sets sites on high-end market
  • NKorea fires Scud-class ballistic missile, Japan protests
  • NKorea missile a Scud that flew 450 km -SKorea military
  • Trump briefed on North Korean firing of projectile -White House
  • Japan protests NKorea missile, warns of danger to planes, ships
  • UK police arrest 15th person in connection with Manchester attack
  • Sri Lanka faces more landslide risks as death toll rises to 151
  • Scandal-hit Brazilian leader Temer picks new justice minister
  • Somali Islamist insurgents stone man to death for adultery
  • Trump attacks 'fake news' following Kushner reports
  • ....
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  • Swedish drama 'The Square' wins Palme d'Or at Cannes film festival
  • Swedish drama 'The Square' wins Palme d'Or at Cannes film festival
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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
Nitish demands special status for Bihar during his meeting with PM

Nitish demands special status for Bihar during his meeting with PM

Patna, May 28 (UNI) Bihar Chief Minister Nitish Kumar has urged Prime Minister Narendra Modi to take effective measures for grant of special status and special assistance​ to the state so that it could contribute in the country's growth momentum.

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28 May 2017 | 10:47 PM
Pak funding case: Two Kashmiri separatist leaders summoned by NIA for questioning

Pak funding case: Two Kashmiri separatist leaders summoned by NIA for questioning

New Delhi, May 28 (UNI) Two key Kashmiri separatist leaders-- Farooq Ahmed Dar aka Bitta Karate, the chief of JKLF, and Ghazi Javed Baba of Tehreek-e-Huriyat-- have been summoned here by the elite NIA for questioning for the third time in connection with the 'Pakistan funding case'.

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28 May 2017 | 11:56 PM
Max temp drops sharply to 36.3 deg C on last Sunday of May

Max temp drops sharply to 36.3 deg C on last Sunday of May

New Delhi, May 28 (UNI) Delhiites had to bear a hot day today though not that scorching with the maximum temperature settling at 36 point 3 degrees Celsius, four notches below normal.

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28 May 2017 | 10:06 PM
Deep depression to triggers rains in Odisha

Deep depression to triggers rains in Odisha

Bhubaneswar, May 28 (UNI) Distant Cautionary Signal Number one (DC-I) was hoisted at Paradeep and Gopalpur ports in Odisha as a well marked low pressure.

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28 May 2017 | 11:27 PM
Completion 1 year in office: LG writes open letter to people, faced many hostile situations

Completion 1 year in office: LG writes open letter to people, faced many hostile situations

Puducherry, May 28 (UNI) Puducherry Lt point Governor Kiren Bedi today said serving Puducherry for her has been a challenge on several counts.

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28 May 2017 | 10:38 PM
Cong demands Naidu's response to Amit Shah’s comments

Cong demands Naidu's response to Amit Shah’s comments

Vijayawada, May 28 (UNI) APCC president N Raghuveera Reddy today demanded Andhra Pradesh Chief Minister N Chandrababu Naidu to respond to the announcement of BJP National president Amit Shah that the Centre had extended Rs 1.

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28 May 2017 | 10:25 PM
UP Govt transfers 222 PCS officers

UP Govt transfers 222 PCS officers

Lucknow, May 28 (UNI) After the massive reshuffle of IAS and IPS officers, Uttar Pradesh government today ordered to transfer 222 PCS officers.

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28 May 2017 | 9:59 PM
Hospitality sector in Mysuru region urge centre to reduce GST rates to save tourism

Hospitality sector in Mysuru region urge centre to reduce GST rates to save tourism

28 May 2017 | 12:03 PM

Mysuru, May 28 (UNI) The hospitality sector in Mysore region has urged the Centre to reduce the Goods and Services Tax (GST) rates announced for hotels and restaurants on the grounds that it will cripple the tourism sector.

Rahat Fateh Ali Khan's 'Zaroori Tha' video crosses 200 mln views on YouTube

Rahat Fateh Ali Khan's 'Zaroori Tha' video crosses 200 mln views on YouTube

27 May 2017 | 7:49 PM

New Delhi, May 27 (UNI) After crossing the 100 million milestone, Rahat Fateh Ali Khan’s “Zaroori Tha” has broken all barriers and crossed 200 million views on YouTube/VEVO, the first original non-film music video to do so, officials at Universal Music group said.

Diabetics should take precautions while fasting during Ramadan

Diabetics should take precautions while fasting during Ramadan

28 May 2017 | 3:30 PM

Mumbai, May 28 (UNI) Diabetics, who observe fast during Ramadan, the holiest month of Muslims which commenced today, should take precautions and some important measures need to be undertaken before one starts fasting, medical fraternity said.

Ford to name new head for Europe, Asia - FT

Ford to name new head for Europe, Asia - FT

25 May 2017 | 5:20 PM

Undated, May 25 (Reuters) Ford Motor Co, which earlier this week named turnaround expert James Hackett as its chief executive officer, will announce replacements for some of its key executive positions as early as Thursday, the Financial Times reported, citing sources.

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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