Paytm group is not new to RBI’s penal actions. Check Paytm’s track for details. Earlier in March 2022, RBI had stopped Paytm Payments Bank (PPB) from onboarding new customers due to certain material supervisory concerns. The regulator had then directed the bank to appoint a reputed external auditor to conduct a comprehensive audit of it’s … Read more
Jayadev Galla, Chief of Amara Raja Batteries has been a two-time Member of Parliament for the Telugu Desam Party (TDP). He has announced taking a break from electoral politics to focus on business “without fear of reprisals and attacks”. “It is with a heavy heart that I announce my decision to not contest in the … Read more
Jio Platforms, a subsidiary of Reliance Industries that helps operators to evolve to new 5G capabilities, has created an AI platform, Jio Brain, that integrates machine learning (ML) capabilities in a telecom operator’s network, enterprise network, or any industry-specific IT environment without the need for an exhaustive network/IT transformation. According to a LinkedIn post by … Read more
You have criticized monetary policymakers’ response to the 2008 global economic crisis, which had profound spillover effects to which they “paid insufficient heed.” In your new book, Monetary Policy and Its Unintended Consequences, you offer a “sketch of a model” showing how monetary-policy spillovers “cause leveraging, booms, and eventually busts in capital-receiving countries.” How … Read more
Draft amendments to all principal rules and regulations under the Companies Act and the competition and insolvency laws, among others, will now have to be accompanied by notes explaining reasons for the proposed changes and the manner and time frames of implementation. The Ministry of Corporate Affairs (MCA) has firmed up a policy framework for … Read more