RBI to set up panel on development of housing finance securitisation market

The Reserve Bank of India, on Thursday, announced that it will soon set up a committee to assess the state of housing finance securitisation market in the country. The move is aimed at bringing in standardisation of asset securitisation practices to enable better management of credit and liquidity risks. The committee, which will be announced soon, will also study the best international practices, and lessons learnt from the global financial financial crisis. It will propose measures to further develop these markets in India by identifying critical steps required, such as…

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Parliamentary panel on finance seeks inquiry commission into IL&FS crisis

The government had re-constituted the IL&FS board after the crisis surfaced. The parliamentary standing committee on finance has asked the government to set up a high-level inquiry commission to identify the reasons behind the Infrastructure Leasing & Financial Services Ltd (IL&FS) default crisis. ET has reliably gathered that the panel, which will table its report in the matter on Wednesday, has specifically sought an investigation into the role of credit rating agencies (CRAs) and Life Insurance Corporation, IL&FS’ largest institutional stakeholder. The committee members met on Monday, and are said to have unanimously…

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NMC Bill shouldn’t make bridge course for AYUSH practitioners mandatory: panel

The NMC Bill 2017 also seeks a National Licentiate Examination (NLE), a common licentiate examination for medical graduates for enrolment into Medical Register(s). Photo: Mint New Delhi: The parliamentary panel reviewing the controversial National Medical Commission (NMC) Bill 2017 has considered the contentions made by the medical fraternity, it said in its report released on Tuesday. The Bill proposes a provision for specific bridge courses that may be introduced for the practitioners of Ayurveda, Unani, Siddha and Homeopathy (AYUSH) to enable them to prescribe modern medicines at some level to cope…

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Railway Panel Mulling Increased Fare For Lower Berths, Festive Travel

Railway passengers could be paying extra for seats of their choice. NEW DELHI: Railway passengers could be shelling out more for choosing lower berths and travels during festive seasons, if the recommendations of a fare review committee are approved by the Railway Board. The panel constituted to review the flexi-fare system in premium trains has recommended that the transport behemoth adopt the dynamic pricing model followed by airlines and hotels, sources said. Like flyers pay more for front-row seats, railway passengers too could be paying extra for seats of their…

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