SME Times News
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Home AI pilots get a boost, global body appeals to Puri against wage cut
Air India pilots protesting against 60 per cent wage cut got a boost on Wednesday after the global pilots' body sought the urgent intervention of Civil Aviation Minister Hardeep Puri in the matter.In a letter to Puri, the Indian chapter of Montreal-based International Federation of Air Line Pilots' Associations (IFALPA) said, "It is with utmost concern that we...
- 11 hrs ago
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Home RBI to set up innovation hub for financial sector
The Reserve Bank of India (RBI) will establish an "Innovation Hub" in the country to promote innovation across the financial sector by leveraging technology.In its "Statement on Developmental and Regulatory Policies", the RBI on Thursday said that the hub will act as a centre for ideation and incubation of new capabilities which can be leveraged to create innovative and viable...
- 11 hrs ago
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Home Railways to launch first Kisan Parcel Train on Friday
The Indian Railways will flag off India's first Kisan Special Parcel Train from Maharashtra's Devlali to Bihar's Danapur on Friday afternoon to transport perishable goods, a promise made in the Union Budget 2020-21.According to Railway Ministry officials, the train will be flagged off through video conferencing by Union Railway Minister Piyush Goyal and Agriculture Minister...
- 11 hrs ago
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Home Retire old thermal power plants to reduce discoms' debt: IEEFA
Reduce financial and operational inefficiencies across India's power distribution sector, which as of May had accumulated massive overdue payment liabilities of Rs 1,16,340 crore to generation companies, by retiring old and expensive thermal power plants, a report by IEEFA said on Thursday.Written by Vibhuti Garg and Kashish Shah from the Institute for Energy Economics and...
- 11 hrs ago
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Home Stock markets rise even with RBI leaving rates unchanged
Despite a status quo in key lending rates, the Indian equity indices made healthy gains on Thursday.The gains came on the back of the Reserve Bank's positive outlook and accommodative stance in its monetary policy decision. The equity market opened gap up and remained positive for most part of the session.
- 11 hrs ago
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Home RBI to introduce Positive Pay cheque system in banks
To enhance safety of cheque payments, the Reserve Bank o f India (RBI) on Thursday said that it has decided to introduce a mechanism of 'Positive Pay' for all cheques valued Rs 50,000 and above. 'Positive Pay' is a fraud prevention system that provides additional layer of security on the instrument to prevent forgery or any other alterations.
- 12 hrs ago
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Home Coronavirus fallout a rising risk for Indian ABS: Moody's
The fallout of the coronavirus pandemic is raising risks for Indian asset-backed securities, rating agency Moody's Investors Service said on Tuesday.However, the agency said that recent structural changes and the credit enhancement build-up has partially offset the growing credit challenges."The high take-up of coronavirus-related payment moratoriums and the economic downturn...
- yesterday
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Home Low demand shifting volumes to power exchanges
Low demand conditions in the power market seem to have raised the volume of electricity being traded on exchanges, with the country's largest power exchange, the Indian Energy Exchange (IEX), registering an 11 per cent month-on-month increase in trading volumes at 5,334 million units (MU) in July.
- yesterday
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Home IRDAI allows life insurers to send policy in electronic format
The Insurance Regulatory and Development Authority of India (IRDAI) has allowed life insurers to issue policy bonds in electronic format during FY2020-21 owing to Covid-19 pandemic.With life insurers expressing difficulty in printing and dispatching policy documents to policy-holders, the IRDAI has allowed them to issue these in digital format to the email address mentioned.
- yesterday
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Home Regional lockdowns curbing migrant labourers' return: Ind-Ra
Regional lockdowns, imposed by various states, are preventing the return of migrant labourers to their workplace, thereby impacting several sectors, such as manufacturing, India Ratings and Research said on Wednesday.Acknowledging the necessity of such moves to control the coronavirus outbreak, the ratings agency, however, said that a prolonged disruption will even dampen migrant...
- 2 days ago
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