Daily Archives: August 27, 2019
Rajasthan cadre IAS officer and former Union finance secretary Subhash Chandra Garg’s application for voluntary retirement from service (VRS) has been accepted by the state government. He had applied for VRS – by submitting required three months’ prior notice as provided in Rule 16(2) of All India Services (Death-cum-Retirement Benefits) Rules, 1958 – with effect from October this year.
Toilet soap makers, led by Hindustan Unilever (HUL), have cut prices following muted growth in the category. Additionally, manufacturers have passed on cost benefits from low palm oil prices to boost market demand.
The Bimal Jalan-led committee has warned in its report that India, whose credit ratings is borderline investment grade, risks a flight of capital following a downgrade if government overstretches itself in recapitalising banks after a private sector debt crisis.
In a closed-door address to India’s top fund managers on Tuesday, Sebi chairman Ajay Tyagi put industry players on notice. The regulator had some advice for almost every stakeholder in the MF industry — from top executives of fund houses to fund managers to trustees, everyone.
An IndiGo flight made a safe emergency landing in Hyderabad on Tuesday after smoke in the cockpit. After landing, an inspection was carried out by our engineering team who confirmed that all engine functionalities and parameters were fine, airline spokesperson said.
Finance minister Nirmala Sitharaman on Tuesday expressed concerns about questions being raised on the credibility of the Reserve Bank of India (RBI), which on Monday decided to transfer Rs 1.76 lakh crore surpluses to a fund-starved government. “Any suggestions questioning credibility of RBI, therefore, for me seems a bit outlandish,” she said.