Tuesday, Oct 20 2020 | Time 16:54 Hrs(IST)
image
  • Sensex surges by 112 77 pts
  • DGP visits family of martyr police officer in Anantnag
  • M'rashtra girl expecting over 600 marks in NEET 2020, scores 'ZERO', moves HC
  • Central Government misusing National Investigating Agencies : Rahul alleges
  • Chhattisgarh Guv refuses permission to convene special session of Assembly
  • Amarinder tables draft resolution against farm law,electricity amendment bill
  • HCL Technologies up by 4 19 pc to close at Rs 880 95
  • India, Vietnam can establish new partnerships in key areas: Riva Ganguly Das
  • Gayle, Afridi, Faf among other foreign players picked in Payers Draft for LPL
  • Gayle, Afridi, Faf among other foreign players picked in Payers Draft for LPL
  • Modi to distribute loans to UP street vendors
  • Casual labourers of KTD hit streets in support of their demands
  • Three arrested in HP conductor exam question paper leak case
  • New Zealand’s Ben Lister becomes first COVID-19 substitute in cricket
  • New Zealand’s Ben Lister becomes first COVID-19 substitute in cricket
Business Economy


Pause in softening interest rate cycle to allow more transmission is sensible: India Inc

New Delhi, Dec 5 (UNI) Assocham president Mr B K Goenka on Thursday said a temporary pause by the Reserve Bank of India to the policy interest rate reduction cycle while keeping its stance accommodative is understandable as long as it keeps nudging the banks to significantly pass the benefits of earlier rate combined Repo rate cuts of 135 basis points since February this year.
Commenting on the RBI's Monetary Policy Committee's decision to keep the Repo rate unchanged at 5.15 per cent, Mr Goenka said by the central bank's own assessment against rate cuts of 135 basis points in the last 10 months, the transmission by the banks has been only 44 basis points. ''We agree with RBI Governor Mr Shaktikanta Das that there is no point announcing rate cuts mechanically, unless the actual transmission takes place at the ground level.''
The Associated Chambers of Commerce and Industry of India president said that with the growth projections by the RBI being substantially lowered to 5 per cent for FY 20 and the second quarter GDP expanding by 4.5 per cent, the economy needs a major demand push which can be greatly generated by much higher credit growth which remains dismal. " While inflation control remains the mandate of the RBI, balancing the target with growth is equally important and the tone and tenor of RBI Governor's statement and subsequent media interaction points towards this end. Besides, a coordinated approach with the government to prime up the GDP growth, as underscored by Mr Das , is equally appreciable.''
More News

HCL Technologies up by 4 19 pc to close at Rs 880 95

20 Oct 2020 | 4:27 PM

Mumbai, Oct 20 (UNI) HCL Technologies on Tuesday surged by 4.19 per cent to reach Rs 880.95, a major gainer in 30 scrips of BSE.

see more..

Sensex up by 112 77 pts

20 Oct 2020 | 4:24 PM

Mumbai, Oct 20 (UNI) The BSE Sensex on Tuesday advanced by 112.77 pts to 40,544.37 at close on the strength of Realty, IT, Telecom and Technology stocks.

see more..

Navi Mumbai Apollo Hospitals launch post-COVID Recovery Clinics

20 Oct 2020 | 4:18 PM

Thane, Oct 20 (UNI) Apollo Hospitals, Navi Mumbai, on Tuesday announced the launch of Post-COVID Recovery Clinics. These clinics will address the rising number of patients who have recovered from the COVID-19, but are suffering from the mid and long term persistent effects of the infection.

see more..

Navneet's HQ stationery products gaining popularity at workplaces

20 Oct 2020 | 4:07 PM

Mumbai, Oct 20 (UNI) Stationery product company, Navneet Education Limited, on Tuesday claimed that it is gaining popularity at workplaces for their HQ products which are innovative and having simplistic designs.

see more..
20 new IT Companies come to Kerala to begin their operations after COVID lockdown

20 new IT Companies come to Kerala to begin their operations after COVID lockdown

20 Oct 2020 | 3:59 PM

Thiruvananthapuram, Oct 20 (UNI) About 20 new Information Technology Companies came to Kerala to start their operations in the state.

see more..
image