by OverviewFX | Sep 18, 2024 | Industry
The Centre would soon put in place a creditor-led insolvency resolution mechanism, largely involving out-of-court arrangements for even big loan default accounts, to ease the bankruptcy court burden and quicken recoveries for lenders, people aware of the development...
by OverviewFX | Sep 18, 2024 | Industry
India’s wholesale inflation eased to a four-month low at 1.31 per cent on an annual basis in August from 2.04 per cent in July, as fuel prices turned negative and the pace of rise in food prices slowed.In August 2023, wholesale inflation was recorded at (-)0.46...
by OverviewFX | Sep 18, 2024 | Industry
The Institute of Chartered Accountants of India (ICAI) has officially rolled out the Audit Quality Maturity Model (AQMM) 2.0, which applies to firms auditing listed entities, banks (excluding co-operative banks), and insurance companies.This new model follows the...
by OverviewFX | Sep 18, 2024 | Industry
NPS Vatsalya launch today: Nirmala Sitharaman, the Union Minister for Finance and Corporate Affairs, is set to launch the NPS Vatsalya scheme today, following the announcement made in the Union Budget 2024-25. The NPS Vatsalya launch will include the introduction of...
by OverviewFX | Sep 17, 2024 | Industry
India’s trade deficit in August expanded at USD 29.65 Billion, driven by a combination of declining exports and rising imports, as the data by the Ministry of Commerce and Industry showed on Wednesday. The total exports for August 2024 amounted to USD 65.40 billion,...
by OverviewFX | Sep 17, 2024 | Industry
The Indian rupee climbed to its highest level in over one month on Tuesday, lifted by rising expectations that the U.S. Federal Reserve will kick off policy easing with a 50 basis points rate cut this week.The rupee closed at 83.75 against the U.S. dollar, up 0.1%...
