Friday, July 31, 2020

RBI unlikely to cut repo rate in August policy meet, says SBI report

The RBI is likely to leave repo rate unch­a­nged in the next policy review meeting and the Monetary Policy Committ­ee (MPC) may look for "unconventional policy measures" to ensure financial stability, said an SBI report. The MPC, headed by RBI Governor, is scheduled to meet for three days beginning August 4. https://www.business-standard.com/article/finance/rbi-unlikely-to-cut-repo-rate-in-august-policy-meet-says-sbi-report-120080100042_1.html

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Company Law - Parliamentary committee recommendation on small company

 Existing laws:  Under Section 2(85) of the Companies Act, 2013, a small company is any company other than a public company whose paid-up sh...