Trump’s China trade deal is ‘starting point’ for Biden

US Trade Representative Katherine Tai deliver remarks on the Biden administration’s new approach to the U.S.-China trade relationship. U.S. Trade Representative Katherine Tai deliver remarks on the Biden administration’s new approach to the U.S.-China trade relationship. The Biden administration wants to reshape former President Trump’s historic phase one trade deal with China but acknowledged the former president laid the groundwork.  […]

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Petrol, diesel at all-time high

Petrol price in Delhi reached its highest ever level of ₹102.39 a litre and to ₹108.43 in Mumbai. Petrol and diesel prices were hiked again on Sunday to send rates soaring to new record highs across the country but top government officials insisted oil companies haven’t passed on the entire increase warranted from international oil and gas rising to three-year […]

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This Is The Best School District In America

The importance of education cannot be overstated. The federal government is among the organizations that measure it most closely. As a foundation of its yardsticks, it breaks education levels into several tiers–people who have less than high school education, those who are high school graduates, those with some college, those who are college graduates, and those who have post-college education. […]

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Average recovery rate under the IBC is 45%, says CEA Subramanian

CEA’s remarks appeared to have been triggered by criticism about the low recovery rates and the processes of the IBC Chief Economic Advisor Krishnamurthy Subramanian took on critics of the Insolvency and Bankruptcy Code (IBC) for labelling its performance as ‘skewed’ with low recovery rates, arguing they are ‘cherry-picking’ IBC data and a lot of the loans going through the […]

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RBI issues master circular on transfer of NPAs, securitisation of standard assets

It has made it mandatory for lenders to put in place a comprehensive board-approved policy for transfer and acquisition of loan exposures under these guidelines. The RBI has effected major changes to the norms governing the transfer of bad loans and standard assets by lenders. On Friday, the central bank issued Master Circulars on ‘Transfer of Loan Exposure’ and ‘Securitisation […]

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This Is the Happiest City in America

Thomas Jefferson commented: “Happiness is not being pained in body or troubled in mind.” For many Americans, this encompasses their situations: where they live, how their children are doing (for those people who have them), their financial situations, whether they have enough to eat, if they are healthy, whether they have enough to retire, and if they like where they […]

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Janet Yellen says Treasury could exhaust cash reserves by Oct. 18 if debt limit isn’t raised

Senate Republicans vow to block debt ceiling increase measure House passes spending bill to suspend debt ceiling for 15 months to avoid government shutdown. Fox News’ Congressional Correspondent Chad Pergram with the latest. Treasury Secretary Janet Yellen told Congress that the Treasury would be unable to pay all of the government’s bills if lawmakers don’t raise the federal borrowing limit […]

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