Finance Minister Nirmala Sitharaman to Meet CEOs of Public Sector Banks on October 14

New Delhi: Finance Minister Nirmala Sitharaman will hold a review meeting with CEOs of public sector banks (PSBs) next week to discuss various issues, including progress on credit offtake. The meeting, scheduled to be held on October 14, is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said. Banks are expected to present report card on partial credit guarantee scheme and fund raising from market to enhance their capital base. The Centre in August issued guidelines on operationalising Rs 1 lakh crore…

Read More

Need to closely monitor asset-liability mismatch in financial sector: Krishnamurthy Subramanian

NEW DELHI: Chief economic adviser Krishnamurthy Subramanian has said there is a need to closely monitor the asset-liability mismatch in the financial sector and called for an improvement in the disclosure framework for defaults, as embattled non-banking financial companies (NBFCs) face a liquidity squeeze and rating downgrades. In a wide-ranging interaction at the ET office, Subramanian termed the Insolvency and Bankruptcy Code (IBC) a big change, and said the economy had done well by growing at an average 7.5% over the past five years even though there has been a slowdown in…

Read More

Technology as an enabler in the social sector

There are hundreds of NGOs in India that are striving to make a measurable impact for the greater good. But running an NGO comes with a number of challenges – of which raising funds is a major one. Other issues linked to this are getting volunteers on board and maintaining a long-term relationship with them. Unfortunately, this sector has lacked substantial transparency, and not all NGOs are involved in serious work with large-scale impact. Technology has helped organisations take a step in the right direction and has enabled ease of…

Read More

Labour Party leader says UK finance sector will be ‘servant of industry’ under Labour government

Britain’s financial sector will be “the servant of industry not the masters of us all” if the opposition Labour Party gets into power, its leader Jeremy Corbyn will say on Tuesday, accusing bankers of taking the economy hostage. Corbyn, a socialist who has won over many voters with his promises to re-nationalize services and increase public spending, has long targeted London’s lucrative financial sector, saying politicians have been in thrall of money makers for too long. In a speech to a manufacturers’ conference, Corbyn will renew his pledge to re-balance Britain’s…

Read More

Gender Equality in the Education Sector – June 2017

A key element in Swedish development cooperation is ensuring that children living in poverty and in other vulnerable situations, particularly girls, complete quality education without discrimination.1 Gender equality in education strengthens quality, provides an appropriate learning environment for both girls and boys, and ensures that students leaving secondary school have an awareness of gender equality. This is in line with the global commitment to “leaving no one behind” as set out in the Sustainable Development Goals (SDGs). The SDGs strongly encourage countries to focus on both achieving inclusive and quality…

Read More

Impact of GST on Education Sector

The Right of Children to Free and Compulsory Education Act of 2009 has made education not only compulsory but has also made the Govt. responsible to provide education at economical rates. The  Council has kept education sector free from its ambit. Services related to education, provided by any educational institution to its students, faculty and staff like transportation, catering, mid day meals, admissions, examinations, housekeeping etc. have been exempted under GST. The educational institutions that have been granted the exemption from GST are pre-schools and higher secondary educational institutes both…

Read More