Economic Affairs

Economic Affairs – Bank Merger and other developments – August 16 to 30

Record production of Wheat and Rice is expected in 2018-19 The 4th Advance Estimates of production of major crops for 2018-19 have been released by the Department of Agriculture, Cooperation and Farmers Welfare on 19thAugust, 2019.  As per 4th Advance Estimates, the estimated production of major crops during 2018-19 is as under Foodgrains  –  284.95 million tonnes. Rice  …

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Economic Affairs – August 1 to 15

RBI relaxes External Commercial Borrowing norms for corporates, non-banking lenders In more liquidity easing measures, the Reserve Bank has liberalised the end-use stipulations for the External Commercial Borrowings both for corporates as well as liquidity starved non-banking lenders. Corporate borrowers will be able to avail of ECBs to repay rupee loans taken for Capital expenditures …

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