NPA norms need to be reviewed for MSMEs, uniform timeline of 90 days is not right: Chief Economic Advisor Nageswaran

New Delhi, October 9 (IANS). Chief Economic Advisor (CEA) V. Ananth Nageswaran on Friday said the Reserve Bank of India (RBI) should review the non-performing asset (NPA) classification norms for micro, small and medium enterprises (MSMEs) to bring them in line with the business practices and cash flow patterns of these enterprises. He said that … Read more

It is very important to open the Strait of Hormuz, the risk of global energy crisis is increasing due to decreasing oil reserves: Saudi Aramco CEO

New Delhi, October 5 (IANS). Saudi Aramco Chief Executive Officer (CEO) Amin Nasser warned on Monday that global oil reserves had reached dangerously low levels. In such a situation, if the Strait of Hormuz is not completely normalized, global energy markets may face further supply risks. Addressing the Energy Intelligence Forum held in London, Nasser … Read more

India and France discussed to give new impetus to trade and investment cooperation, important discussions took place on everything from FTA to UPI.

New Delhi, October 2 (IANS). Union Commerce and Industry Minister Piyush Goyal on Friday said he met French Foreign Trade and Economic Attraction Minister Nicolas Fourissier on the sidelines of the G20 Trade Ministers' Meeting held in the US and discussed ways to further strengthen trade and investment cooperation between the two countries. Sharing information … Read more