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RBI bundles NBFCs into 1 type, offering operational flexibility

Saturday, February 23, 2019, 9:03 AM

To provide greater operational flexibility to non-banking lenders, the RBI created a single-category for them by bundling their present three-tier structure. The central bank also decided that exposures to all NBFCs, excluding core investment companies, will be risk weighted as per credit-ratings. Both the decisions were first announced at the last bi-monthly review of the monetary policy in the statement on developmental and regulatory policies.
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Health Official Among 7 Dead In Chhattisgarh Due To Swine Flu

Saturday, February 23, 2019, 8:55 AM

Seven persons including a joint director of the health department have died of swine flu in Chhattisgarh since the beginning of this year, the government informed the Legislative Assembly. Health Minister T.S.Singhdeo said joint director of health department Mahendra Janghel was among those who died of H1N1-infection. The issue was raised by Congress' Kunwar Singh Nishad and BJP MLAs Shivratan Sharma and Ajay Chandrakar.
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"Kerala Govt Cheated Crores Of Devotees": Amit Shah On Sabarimala

Saturday, February 23, 2019, 8:37 AM

Slamming the ruling CPI(M) in Kerala over the Sabarimala issue, BJP chief Amit Shah said that they have been "cheating" crores of Ayyappa devotees and denying them justice. He added that it would only result in "unsettling the foundation of the communist party in the state," he said while addressing party workers in Palakkad, Kerala.

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