RBI to fully operationalise College of Supervisors for effective supervision
Mumbai |
Updated on
Our Bureau
The Reserve Bank of India (RBI), on Wednesday, said the College of Supervisors (CoS) is being fully operationalised for effective oversight of the regulated entities by augmenting and ensuring a consistent quality of supervisory resources pool. This move comes in the backdrop of a string of scams involving the IL&FS Group, Punjab National Bank, Dewan Housing Finance Corporation, and Punjab and Maharashtra Co-operative Bank hitting the financial system in the last 2 to 3 years.
The CoS, which was functioning in a limited way in virtual mode since May 2020, will have a full-time Director, supported by an Academic Advisory Council (AAC), comprising six members, the central bank said in a statement.
PALAK SHAH
An extension of term to Narendra Ahlawat, MD and CEO of MCX Clearing Corporation (MCX CC), is under discussion. His three-year term is to end in mid-2021 but has come up for renewal early because Ahlawat’s 2018 appointment as MD and CEO of MCX CC has been pending ratification as per the Companies Act.
In January,
BusinessLine reported that Ahlawat’s current appointment was erroneous as it was required to be ratified in the immediate EGM or the annual general meeting. This did not happen.
MCX CC is a fully owned arm of Multi Commodity Exchange (MCX. According to sources, there is a view within MCX that granting an extension to Ahlawat has legal complications. PS Reddy, MD and CEO of MCX, has sought SEBI’s opinion in the matter, the sources said.
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Exim Bank forecasts India s Q3 Non-Oil exports to hit $ 68.3bn
By IANS |
Published on
Thu, Dec 17 2020 13:36 IST |
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Petrol. (File Photo: IANS). Image Source: IANS News
New Delhi, Dec 17 : Export-Import Bank of India (India Exim Bank) forecasts India s Non-Oil exports for the third quarter of FY2021 to amount to $ 68.3 billion, witnessing a marginal positive growth of 0.3 per cent over the corresponding quarter of the previous year, after three consecutive quarters of contraction.
On the other hand, total merchandise exports are forecast to continue to witness a moderation to $ 77.6 billion in the third quarter of 2020-21, as compared to $ 79 billion in the corresponding quarter of the previous year, on the back of one of the steepest and continued contractions in India s oil exports, witnessed since March 2020.
Export-Import Bank of India (India Exim Bank) forecasts India s Non-Oil
exports for the third quarter of FY2021 to amount to $ 68.3 billion,
witnessing a marginal positive growth of 0.3 per cent over the
corresponding quarter of the previous year, after three consecutive
quarters of contraction.
On the other hand, total merchandise
exports are forecast to continue to witness a moderation to $ 77.6
billion in the third quarter of 2020-21, as compared to $ 79 billion in
the corresponding quarter of the previous year, on the back of one of
the steepest and continued contractions in India s oil exports,
witnessed since March 2020.
The forecasts are based on India Exim Bank s Export Leading Index (ELI) Model.